Carroll County Property Taxes
The median property tax rate in Carroll County is 0.66%, which is significantly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Carroll County, the typical annual property tax bill reaches $850, which is well below the national median of $2,690. Property taxes in Carroll County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Carroll 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 Eureka Springs or another part of Carroll County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Carroll County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$929
Ownwell’s Carroll County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Carroll County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Carroll 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 Carroll County, Arkansas
Property taxes in Carroll County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Carroll County is 0.66%, which is lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Carroll County set these rates annually, and they can vary significantly between different areas within the county. Each year, Carroll 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 Carroll County's effective property tax rate with other counties in Arkansas and the national median. For comparison, the city of Garfield has one of the higher property tax rates in Arkansas at 0.96%, while the city of Huntsville boasts one of the lowest at 0.55%. Analyzing how Carroll County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Carroll County Tax Rate
0.66%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carroll County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alpena | N/A | N/A | N/A | N/A | N/A |
| Beaver | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% |
| Berryville | 0.25% | 0.43% | 0.65% | 0.89% | 1.09% |
| Compton | N/A | N/A | N/A | N/A | N/A |
| Eureka Springs | 0.28% | 0.45% | 0.68% | 0.85% | 0.96% |
| Garfield | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% |
| Green Forest | 0.15% | 0.32% | 0.60% | 0.85% | 0.97% |
| Harrison | 0.24% | 0.40% | 0.56% | 0.74% | 0.85% |
| Holiday Island | 0.36% | 0.47% | 0.67% | 0.86% | 0.96% |
| Huntsville | 0.16% | 0.36% | 0.55% | 0.86% | 1.09% |
| Oak Grove | 0.15% | 0.40% | 0.73% | 0.97% | 1.07% |
| Omaha | 0.12% | 0.27% | 0.63% | 0.78% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Carroll County, Arkansas
In Carroll 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 Carroll 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 Carroll 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 example, homeowners in Beaver face the highest median tax bill at $1,697, while those in Garfield enjoy the lowest at $233. Being aware of these valuation processes in Carroll County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Carroll County, Arkansas
Source: Ownwell
$24,250
$129,963
$235,675
Average Carroll County Assessed Value
$140,725
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carroll County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alpena | N/A | N/A | N/A | N/A | N/A |
| Beaver | $127,000 | $145,525 | $176,400 | $207,275 | $225,800 |
| Berryville | $23,230 | $65,500 | $125,750 | $185,925 | $269,020 |
| Compton | N/A | N/A | N/A | N/A | N/A |
| Eureka Springs | $58,965 | $123,125 | $208,325 | $324,362 | $471,470 |
| Garfield | $24,250 | $24,250 | $24,250 | $24,250 | $24,250 |
| Green Forest | $15,750 | $41,300 | $94,375 | $153,462 | $234,315 |
| Harrison | $68,895 | $151,800 | $179,800 | $253,812 | $438,170 |
| Holiday Island | $54,590 | $126,250 | $190,450 | $256,312 | $342,875 |
| Huntsville | $21,740 | $45,100 | $103,250 | $168,300 | $282,880 |
| Oak Grove | $22,090 | $36,850 | $72,450 | $122,600 | $227,400 |
| Omaha | $21,110 | $37,888 | $102,200 | $153,775 | $191,990 |
Source: Ownwell
Property Tax Bills Across Carroll County, Arkansas
In Carroll County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For example, with a median home price of $140,725, homeowners can expect tax bills to vary significantly. At the 25th percentile, tax bills are around $378, while at the 75th percentile, they rise to approximately $1,528. The top 10% of homeowners face tax bills as high as $2,500. Several factors influence these tax bills, including property location, home improvements, and market conditions. In Carroll County, the city of Beaver has the highest median tax bill at $1,697, whereas Garfield has the lowest at $233. These variations can significantly impact homeowners, affecting their monthly budgets and long-term financial planning. Compared to the national median property tax rate of 0.99%, Carroll County offers a range of tax burdens, highlighting the importance of understanding local tax dynamics.
Average Carroll County Tax Bill
$850
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Carroll County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alpena | N/A | N/A | N/A | N/A | N/A |
| Beaver | $1,222 | $1,400 | $1,697 | $1,994 | $2,172 |
| Berryville | $136 | $361 | $757 | $1,341 | $2,106 |
| Compton | N/A | N/A | N/A | N/A | N/A |
| Eureka Springs | $282 | $675 | $1,281 | $2,157 | $3,491 |
| Garfield | $233 | $233 | $233 | $233 | $233 |
| Green Forest | $67 | $211 | $462 | $910 | $1,500 |
| Harrison | $278 | $437 | $735 | $1,359 | $2,823 |
| Holiday Island | $387 | $777 | $1,238 | $1,772 | $2,494 |
| Huntsville | $86 | $221 | $558 | $1,003 | $2,324 |
| Oak Grove | $94 | $216 | $467 | $832 | $1,415 |
| Omaha | $85 | $227 | $435 | $956 | $1,499 |
Source: Ownwell