Baxter County, Arkansas Property Taxes
The median property tax rate in Baxter County is 0.65%, which is lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value of $137,150 in Baxter County, the typical annual property tax bill is $862, considerably less than the national median of $2,690. Property taxes in Baxter County are calculated based on the tax assessed value, often lower than the actual market value due to various property tax exemptions, such as primary residence and agricultural exemptions. Understanding Baxter County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Mountain Home or another part of Baxter County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Baxter County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$891
$827
Ownwell’s Baxter County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Baxter County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Baxter County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Baxter County, Arkansas
Property taxes in Baxter County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Baxter County is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Baxter County set these rates annually, and they can vary significantly between different areas within the county. Each year, Baxter County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Baxter County's effective property tax rate with other regions and the national median. For comparison, the city of Salesville has one of the higher property tax rates in the region at 0.99%, while the city of Jonesboro boasts one of the lowest at 0.58%. Analyzing how Baxter County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Baxter County Tax Rate
0.65%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Baxter County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bakersfield | N/A | N/A | N/A | N/A | N/A |
| Big Flat | 0.32% | 0.37% | 0.65% | 0.82% | 0.82% |
| Calico Rock | 0.42% | 0.55% | 0.70% | 0.85% | 0.92% |
| Clarkridge | 0.46% | 0.53% | 0.62% | 0.70% | 0.81% |
| Cotter | 0.44% | 0.54% | 0.65% | 0.79% | 0.91% |
| Elizabeth | 0.58% | 0.70% | 0.81% | 0.94% | 0.98% |
| Gamaliel | 0.46% | 0.55% | 0.65% | 0.76% | 0.81% |
| Gassville | 0.45% | 0.55% | 0.62% | 0.70% | 0.82% |
| Gepp | N/A | N/A | N/A | N/A | N/A |
| Harriet | N/A | N/A | N/A | N/A | N/A |
| Henderson | 0.53% | 0.64% | 0.74% | 0.81% | 0.87% |
| Hot Springs National Park | N/A | N/A | N/A | N/A | N/A |
| Jonesboro | N/A | N/A | N/A | N/A | N/A |
| Jordan | 0.66% | 0.71% | 0.76% | 0.82% | 0.83% |
| Lakeview | 0.45% | 0.56% | 0.64% | 0.71% | 0.81% |
| Midway | 0.48% | 0.54% | 0.62% | 0.72% | 0.81% |
| Mountain Home | 0.47% | 0.56% | 0.64% | 0.72% | 0.81% |
| Norfork | 0.48% | 0.59% | 0.71% | 0.90% | 0.98% |
| Pineville | N/A | N/A | N/A | N/A | N/A |
| Salesville | 0.76% | 0.86% | 0.99% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Baxter County, Arkansas
In Baxter County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Baxter County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Baxter County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Jonesboro has the highest median tax bill at $2,290, while Hot Springs National Park has the lowest at $170. Being aware of these valuation processes in Baxter County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Baxter County Assessed Value
$137,150
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Baxter County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bakersfield | N/A | N/A | N/A | N/A | N/A |
| Big Flat | $14,755 | $25,625 | $50,600 | $101,675 | $173,290 |
| Calico Rock | $19,330 | $56,500 | $110,725 | $219,788 | $344,415 |
| Clarkridge | $22,910 | $53,000 | $106,600 | $190,762 | $288,125 |
| Cotter | $53,090 | $84,950 | $153,550 | $279,600 | $413,780 |
| Elizabeth | $22,175 | $48,975 | $107,100 | $188,900 | $307,490 |
| Gamaliel | $24,450 | $69,525 | $129,050 | $213,550 | $320,850 |
| Gassville | $36,770 | $78,325 | $113,200 | $159,350 | $251,850 |
| Gepp | N/A | N/A | N/A | N/A | N/A |
| Harriet | N/A | N/A | N/A | N/A | N/A |
| Henderson | $18,775 | $45,612 | $89,400 | $166,238 | $273,950 |
| Hot Springs National Park | N/A | N/A | N/A | N/A | N/A |
| Jonesboro | N/A | N/A | N/A | N/A | N/A |
| Jordan | $17,700 | $61,100 | $81,850 | $132,150 | $201,190 |
| Lakeview | $34,165 | $98,950 | $148,000 | $206,738 | $279,695 |
| Midway | $14,830 | $39,400 | $109,300 | $173,850 | $252,490 |
| Mountain Home | $36,065 | $92,350 | $144,450 | $209,825 | $307,900 |
| Norfork | $25,080 | $62,300 | $132,250 | $231,900 | $360,300 |
| Pineville | N/A | N/A | N/A | N/A | N/A |
| Salesville | $27,450 | $42,400 | $87,000 | $156,200 | $202,380 |
Source: Ownwell
Property Tax Bills Across Baxter County, Arkansas
In Baxter County, AR, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value. The tax rate is then applied to this assessed value. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. For instance, the median home price in Baxter County is $137,150, and property tax bills can vary significantly. Homeowners at the 25th percentile pay around $509, while those at the 75th percentile see bills closer to $1,303, and the 90th percentile reaches up to $1,972. Comparatively, the national median property tax rate is 0.99%, making Baxter County's rates relatively moderate. However, the impact on homeowners can still be substantial, especially when considering the highest median tax bill in nearby Jonesboro at $2,290, and the lowest in Hot Springs National Park at $170. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Baxter County Tax Bill
$862
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Baxter County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bakersfield | N/A | N/A | N/A | N/A | N/A |
| Big Flat | $100 | $165 | $290 | $504 | $793 |
| Calico Rock | $153 | $343 | $696 | $1,538 | $2,475 |
| Clarkridge | $153 | $291 | $614 | $1,154 | $1,815 |
| Cotter | $316 | $540 | $1,016 | $1,668 | $2,500 |
| Elizabeth | $168 | $369 | $818 | $1,497 | $2,285 |
| Gamaliel | $164 | $393 | $819 | $1,331 | $2,111 |
| Gassville | $250 | $480 | $699 | $1,005 | $1,560 |
| Gepp | N/A | N/A | N/A | N/A | N/A |
| Harriet | N/A | N/A | N/A | N/A | N/A |
| Henderson | $145 | $324 | $635 | $1,160 | $1,967 |
| Hot Springs National Park | N/A | N/A | N/A | N/A | N/A |
| Jonesboro | N/A | N/A | N/A | N/A | N/A |
| Jordan | $336 | $472 | $588 | $1,196 | $1,634 |
| Lakeview | $203 | $588 | $912 | $1,300 | $1,809 |
| Midway | $102 | $244 | $626 | $1,022 | $1,586 |
| Mountain Home | $239 | $580 | $904 | $1,314 | $1,944 |
| Norfork | $178 | $425 | $883 | $1,740 | $2,579 |
| Pineville | N/A | N/A | N/A | N/A | N/A |
| Salesville | $320 | $350 | $940 | $1,580 | $1,845 |
Source: Ownwell