Benton County Property Taxes
The median property tax rate in Benton County is 1.00%, slightly higher than both the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value of $211,150 in Benton County, the typical annual property tax bill is approximately $2,090, which is below the national median of $2,690. Property taxes in Benton County are calculated based on the assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Benton 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 Bentonville or another part of Benton County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Benton County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$2,112
Ownwell’s Benton County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Benton County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Benton 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 Benton County, Arkansas
Property taxes in Benton County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Benton County is 0.61%, which is lower than both the Arkansas state median of 0.63% and the U.S. national median of 0.99%. Local government entities within Benton County set these rates annually, and they can vary significantly between different areas within the county. Each year, Benton 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 Benton County's effective property tax rate with other counties in Arkansas and the national median. For comparison, the city of Centerton has one of the higher property tax rates in Arkansas at 0.73%, while the city of Maysville boasts one of the lowest at 0.51%. Analyzing how Benton County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Benton County Tax Rate
1.00%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Benton County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Avoca | 0.57% | 0.66% | 0.77% | 0.88% | 0.96% |
| Bella Vista | 0.73% | 0.85% | 0.99% | 1.17% | 1.23% |
| Bentonville | 0.84% | 1.03% | 1.19% | 1.24% | 1.24% |
| Cave Springs | 0.95% | 1.06% | 1.20% | 1.23% | 1.23% |
| Centerton | 0.97% | 1.10% | 1.23% | 1.23% | 1.23% |
| Decatur | 0.57% | 0.69% | 0.78% | 0.94% | 1.00% |
| Elm Springs | 0.86% | 0.89% | 1.05% | 1.05% | 1.05% |
| Fayetteville | 0.86% | 0.91% | 0.94% | 1.04% | 1.04% |
| Garfield | 0.59% | 0.72% | 0.88% | 0.96% | 0.96% |
| Gateway | 0.63% | 0.76% | 0.90% | 1.01% | 1.14% |
| Gentry | 0.68% | 0.81% | 0.95% | 1.07% | 1.11% |
| Gravette | 0.60% | 0.69% | 0.80% | 0.89% | 0.98% |
| Hindsville | 0.54% | 0.70% | 0.86% | 0.96% | 0.96% |
| Hiwasse | 0.53% | 0.66% | 0.76% | 0.89% | 0.98% |
| Little Flock | 1.08% | 1.10% | 1.14% | 1.18% | 1.21% |
| Lowell | 0.72% | 0.86% | 0.95% | 1.06% | 1.06% |
| Maysville | 0.57% | 0.62% | 0.67% | 0.76% | 0.89% |
| Pea Ridge | 0.70% | 0.84% | 1.00% | 1.14% | 1.14% |
| Rogers | 0.67% | 0.80% | 0.94% | 1.06% | 1.06% |
| Siloam Springs | 0.72% | 0.88% | 1.01% | 1.13% | 1.15% |
| Springdale | 0.80% | 0.94% | 1.05% | 1.07% | 1.07% |
| Springtown | 1.10% | 1.10% | 1.10% | 1.10% | 1.10% |
| Sulphur Springs | 0.54% | 0.65% | 0.75% | 0.89% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Benton County, Arkansas
In Benton 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 Benton 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 Benton 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, Elm Springs has the highest median tax bill at $4,151, while Springtown has the lowest at $227. Being aware of these valuation processes in Benton County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Benton County Assessed Value
$211,150
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Benton County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Avoca | $31,148 | $69,888 | $94,475 | $154,600 | $207,627 |
| Bella Vista | $116,050 | $160,762 | $207,100 | $263,669 | $337,140 |
| Bentonville | $159,800 | $198,250 | $271,550 | $384,150 | $514,020 |
| Cave Springs | $197,535 | $251,488 | $318,175 | $378,112 | $549,021 |
| Centerton | $152,350 | $175,612 | $206,600 | $260,025 | $372,203 |
| Decatur | $44,015 | $81,550 | $129,475 | $193,762 | $302,620 |
| Elm Springs | $301,690 | $389,350 | $410,100 | $438,250 | $495,382 |
| Fayetteville | $124,440 | $159,900 | $180,000 | $349,375 | $394,663 |
| Garfield | $47,300 | $98,000 | $174,100 | $289,205 | $447,950 |
| Gateway | $17,470 | $40,400 | $93,600 | $183,850 | $250,520 |
| Gentry | $60,070 | $105,412 | $161,700 | $212,838 | $300,560 |
| Gravette | $55,450 | $102,300 | $161,100 | $249,311 | $370,975 |
| Hindsville | $42,420 | $84,625 | $139,000 | $246,500 | $330,880 |
| Hiwasse | $73,115 | $102,075 | $175,742 | $234,100 | $303,950 |
| Little Flock | $68,010 | $161,400 | $317,050 | $472,700 | $566,090 |
| Lowell | $112,300 | $158,700 | $197,525 | $248,938 | $332,209 |
| Maysville | $61,870 | $98,350 | $146,150 | $264,100 | $352,552 |
| Pea Ridge | $91,890 | $151,150 | $194,050 | $247,050 | $298,651 |
| Rogers | $107,251 | $153,056 | $208,875 | $321,299 | $443,294 |
| Siloam Springs | $77,710 | $122,500 | $165,600 | $219,000 | $302,790 |
| Springdale | $156,935 | $187,700 | $226,600 | $283,388 | $383,120 |
| Springtown | $20,615 | $20,615 | $20,615 | $20,615 | $20,615 |
| Sulphur Springs | $27,620 | $57,550 | $101,350 | $169,690 | $281,216 |
Source: Ownwell
Property Tax Bills Across Benton County, Arkansas
In Benton County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county uses a standard assessment rate to determine this value. Once the assessed value is established, local tax rates are applied to calculate the final tax bill. Factors such as property location, school district, and municipal services can influence the local tax rate. For homeowners in Benton County, the impact of property taxes can vary significantly. The median home price in the county is $211,150. At the 25th percentile, homeowners might see a tax bill of around $1,419, while those at the 75th percentile could face taxes up to $3,061. The highest median tax bill in the county is found in Elm Springs at $4,151, whereas Springtown has the lowest median tax bill at $227. These variations highlight how property taxes can differ based on specific local factors, affecting overall affordability for homeowners.
Average Benton County Tax Bill
$2,090
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Benton County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Avoca | $268 | $521 | $775 | $1,166 | $1,728 |
| Bella Vista | $1,119 | $1,476 | $1,985 | $2,668 | $3,493 |
| Bentonville | $1,604 | $2,129 | $2,998 | $4,327 | $5,867 |
| Cave Springs | $2,004 | $2,697 | $3,723 | $4,524 | $6,384 |
| Centerton | $1,585 | $2,011 | $2,429 | $3,091 | $4,498 |
| Decatur | $338 | $619 | $999 | $1,506 | $2,456 |
| Elm Springs | $2,746 | $3,603 | $4,151 | $4,532 | $5,099 |
| Fayetteville | $1,211 | $1,452 | $1,490 | $3,640 | $3,840 |
| Garfield | $339 | $752 | $1,454 | $2,493 | $3,950 |
| Gateway | $165 | $422 | $889 | $1,473 | $2,088 |
| Gentry | $495 | $877 | $1,497 | $2,061 | $2,779 |
| Gravette | $424 | $758 | $1,276 | $2,020 | $3,017 |
| Hindsville | $339 | $614 | $1,240 | $1,867 | $2,462 |
| Hiwasse | $449 | $787 | $1,323 | $1,856 | $2,445 |
| Little Flock | $729 | $1,718 | $3,365 | $5,013 | $6,001 |
| Lowell | $862 | $1,411 | $1,856 | $2,433 | $3,064 |
| Maysville | $453 | $652 | $1,018 | $1,721 | $2,349 |
| Pea Ridge | $771 | $1,267 | $1,888 | $2,682 | $3,176 |
| Rogers | $782 | $1,265 | $1,887 | $3,050 | $4,469 |
| Siloam Springs | $685 | $1,124 | $1,623 | $2,219 | $2,960 |
| Springdale | $1,332 | $1,819 | $2,231 | $2,841 | $3,949 |
| Springtown | $227 | $227 | $227 | $227 | $227 |
| Sulphur Springs | $190 | $426 | $702 | $1,226 | $2,100 |
Source: Ownwell