Faulkner County, Arkansas Property Taxes

Name: Property Tax Bills Across Faulkner County, Arkansas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Faulkner County effective property tax rate: 0.96%, slightly lower than the national median of 1.02%.
Median Faulkner County home value: $149,500
Median annual Faulkner County tax bill: $1,390, $1,010 lower than the national median property tax bill of $2,400.

How are property taxes in Faulkner County calculated?

Property taxes in Faulkner County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Conway or another part of Faulkner County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Faulkner County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.96%

Estimate Property Tax Bill

$1,435

$1,332

Ownwell’s Faulkner County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Faulkner County with just two data points. By entering your property's estimated assessed value, our calculator applies Faulkner County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Faulkner County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Faulkner County, Arkansas

Local government entities determine tax rates, which can differ significantly across Arkansas. This variation arises because each county annually calculates its budgetary needs to fund services and divides that by the total value of all taxable property within its borders. This process determines the property tax rate. Although votes and regulations are part of setting these rates and budgets, this is essentially how it works each year.

You can compare Faulkner County's effective property tax rate to other counties in Arkansas or the national median property tax rate. Faulkner County has a median property tax rate of 0.96%, which falls below the national median of 1.02%. Within Arkansas, Faulkner County's rate is also lower than that of Guy, which has the highest median tax rate in the area at 1.01%. On the other hand, Quitman boasts the lowest median tax rate in the region at 0.89%. Understanding these differences can help property owners make informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Faulkner County, Arkansas

Source: Ownwell

0.89%

0.95%

1.01%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Faulkner County Tax Rate

0.96%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Faulkner County, Arkansas

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Bigelow	N/A	N/A	N/A	N/A	N/A
Cabot	0.73%	0.85%	0.96%	0.96%	0.96%
Center Ridge	N/A	N/A	N/A	N/A	N/A
Conway	0.75%	0.89%	0.96%	1.01%	1.01%
Damascus	0.63%	0.80%	0.92%	0.98%	1.01%
El Paso	N/A	N/A	N/A	N/A	N/A
Enola	0.75%	0.89%	1.00%	1.00%	1.03%
Greenbrier	0.73%	0.88%	0.98%	1.01%	1.06%
Guy	0.73%	0.90%	1.01%	1.08%	1.09%
Jacksonville	0.73%	0.85%	0.98%	0.98%	0.98%
Maumelle	N/A	N/A	N/A	N/A	N/A
Mayflower	0.71%	0.85%	0.98%	1.04%	1.06%
Mount Vernon	0.66%	0.87%	1.00%	1.00%	1.00%
North Little Rock	N/A	N/A	N/A	N/A	N/A
Quitman	0.55%	0.76%	0.89%	0.91%	1.01%
Sherwood	0.65%	0.78%	0.90%	0.98%	0.98%
Twin Groves	N/A	N/A	N/A	N/A	N/A
Vilonia	0.71%	0.89%	0.96%	1.02%	1.02%
Wooster	0.64%	0.79%	0.98%	1.04%	1.04%

Source: Ownwell

Property Tax Assessment Values Across Faulkner County, Arkansas

When examining property taxes in Faulkner County, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Faulkner County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices: In Faulkner County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Faulkner County.

For example, the median tax bill in Faulkner County is $1,478, with tax bills ranging significantly across the county. Conway has the highest median home price at $156,100.

Property Tax Assessment Values Across Faulkner County, Arkansas

Source: Ownwell

$77,575

$128,063

$178,550

Median Faulkner County Market Value

$149,500

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Faulkner County, Arkansas

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Bigelow	N/A	N/A	N/A	N/A	N/A
Cabot	$60,750	$93,075	$149,850	$236,400	$336,550
Center Ridge	N/A	N/A	N/A	N/A	N/A
Conway	$56,800	$108,950	$156,100	$219,812	$310,400
Damascus	$21,800	$46,325	$90,700	$144,925	$227,630
El Paso	N/A	N/A	N/A	N/A	N/A
Enola	$24,350	$49,500	$93,850	$172,700	$245,200
Greenbrier	$45,800	$95,150	$156,000	$237,200	$324,000
Guy	$20,840	$50,950	$94,650	$153,550	$200,620
Jacksonville	$22,985	$38,125	$78,850	$124,400	$206,590
Maumelle	N/A	N/A	N/A	N/A	N/A
Mayflower	$24,160	$53,250	$102,200	$169,250	$264,680
Mount Vernon	$20,725	$40,588	$89,800	$156,100	$253,600
North Little Rock	N/A	N/A	N/A	N/A	N/A
Quitman	$15,565	$41,688	$77,575	$147,188	$220,980
Sherwood	$29,400	$63,762	$143,750	$238,300	$320,150
Twin Groves	N/A	N/A	N/A	N/A	N/A
Vilonia	$38,995	$84,138	$142,050	$203,225	$293,140
Wooster	$22,460	$55,450	$115,100	$232,250	$321,280

Source: Ownwell

Property Tax Bills Across Faulkner County, Arkansas

In Faulkner County, AR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Homeowners in this region see a range of tax bills, influenced by the value of their property and applicable tax rates. For instance, the median home price in Faulkner County is $149,500, and property tax bills vary significantly across different percentiles. At the 25th percentile, homeowners can expect a tax bill of $847, while those at the 75th percentile may see a bill of $2,023. The 90th percentile tax bill can reach up to $2,903. These figures can be contrasted with the national median property tax bill of $2,400. Interestingly, Greenbrier has the highest median tax bill at $1,478, while Quitman has the lowest at $620. Understanding these factors is crucial for homeowners to anticipate their annual property tax obligations and manage their finances effectively.

Property Tax Bills Across Faulkner County, Arkansas

Source: Ownwell

$620

$1,157

$1,693

Median Faulkner County Tax Bill

$1,390

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Faulkner County, Arkansas

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Bigelow	N/A	N/A	N/A	N/A	N/A
Cabot	$438	$797	$1,277	$2,277	$3,070
Center Ridge	N/A	N/A	N/A	N/A	N/A
Conway	$494	$984	$1,449	$2,057	$2,954
Damascus	$191	$409	$732	$1,285	$2,083
El Paso	N/A	N/A	N/A	N/A	N/A
Enola	$242	$443	$860	$1,688	$2,345
Greenbrier	$392	$846	$1,478	$2,237	$3,044
Guy	$228	$492	$897	$1,411	$1,929
Jacksonville	$205	$344	$708	$1,098	$1,955
Maumelle	N/A	N/A	N/A	N/A	N/A
Mayflower	$219	$463	$924	$1,652	$2,421
Mount Vernon	$185	$371	$770	$1,375	$2,398
North Little Rock	N/A	N/A	N/A	N/A	N/A
Quitman	$137	$331	$620	$1,228	$1,922
Sherwood	$251	$538	$1,245	$2,053	$2,797
Twin Groves	N/A	N/A	N/A	N/A	N/A
Vilonia	$337	$711	$1,323	$1,918	$2,753
Wooster	$238	$551	$977	$2,138	$3,128

Source: Ownwell