Bentonville, Benton County, Arkansas Property Taxes

Local government entities set tax rates, which can vary widely within a state. This is because annually, each county in Arkansas estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.

While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Bentonville’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.

Bentonville, located in Benton County, showcases a median property tax rate of 1.19%, slightly higher than the national median of 1.02%. Within Benton County, the highest median tax rate is 1.23% in the 72713 zip code, while the lowest is 1.12% in the 72712 zip code. This variance highlights the importance of understanding local property tax dynamics.

When compared to the national median property tax bill of $2400, Bentonville's rates reflect the broader economic and policy environment of Arkansas. For property owners, staying informed about these rates is essential for financial planning and maximizing potential savings through appeals and exemptions.

In Bentonville, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. With a median home price of $271,550, homeowners can expect varying tax bills depending on their property's assessed value and the local tax rate. For instance, tax bills range from $2,129 at the 25th percentile to $5,867 at the 90th percentile, with the highest median tax bill in the 72713 zip code being $3,209. These figures can significantly impact homeowners' finances, particularly when compared to the national median property tax bill of $2,400.

Ownwell offers a valuable service to Bentonville homeowners by helping them appeal their property tax assessments and potentially lower their tax bills. By analyzing property values and local tax rates, Ownwell can identify opportunities for savings. This not only eases the financial burden on homeowners but also ensures they are not overpaying on their property taxes. Through expert guidance and support, Ownwell empowers homeowners to manage their property tax obligations more effectively.