Hot Springs, Garland County, Arkansas Property Taxes
Median HOT SPRINGS, AR effective property tax rate: 0.88%, significantly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median HOT SPRINGS, AR home value: $104,450
Median annual HOT SPRINGS, AR tax bill: $810, $1,590 lower than the national median property tax bill of $2,400.
How are property taxes in Garland County calculated?
Property taxes in HOT SPRINGS, AR 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 HOT SPRINGS’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in HOT SPRINGS, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hot Springs, Garland County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.88%
Estimate Property Tax Bill
$919
$853
Property Tax Rates Across Hot Springs, Garland County, Arkansas
Local government entities set tax rates, which can vary widely within a state. Each county 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.
In Hot Springs, located in Garland County, the effective property tax rate is slightly below the national median. The median property tax rate in this area is 0.88%, which is lower than the national median of 1.02%. Within Hot Springs, the highest median tax rate is 0.90% in the 71913 zip code, while the lowest is 0.78% in the 71909 zip code. This variation underscores the importance of understanding local tax dynamics.
Comparatively, Hot Springs offers a more favorable property tax environment than many other regions across the United States. For property owners, this means potential savings and a more attractive real estate market. Understanding these nuances can help homeowners make informed decisions about property investments and tax appeals.
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 Hot Springs Tax Rate
0.88%
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 Garland County Tax Rate
0.59%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hot Springs, Garland County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71909 | 0.49% | 0.61% | 0.78% | 0.79% | 0.79% |
| 71913 | 0.71% | 0.79% | 0.90% | 0.90% | 0.90% |
| 71901 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Hot Springs, Garland County, Arkansas
When examining property taxes in Hot Springs, AR, 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 Garland County Assessor 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.
In Garland County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Hot Springs. For example, the median home price in Hot Springs is $104,450, with tax bills ranging significantly across the county. ZIP code 71909 has the highest median home price at $223,300.
Property Tax Assessment Values Across Hot Springs, Garland County, Arkansas
Source: Ownwell
$42,475
$132,888
$223,300
Median Hot Springs Market Value
$104,450
Median Garland County Market Value
$162,300
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hot Springs, Garland County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71909 | $113,885 | $149,712 | $223,300 | $313,200 | $315,195 |
| 71913 | $5,950 | $11,950 | $98,200 | $154,600 | $252,370 |
| 71901 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Hot Springs, Garland County, Arkansas
Median Hot Springs Tax Bill
$810
Median Garland County Tax Bill
$863
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Hot Springs, Garland County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71909 | $768 | $995 | $1,686 | $2,202 | $2,462 |
| 71913 | $52 | $106 | $713 | $1,395 | $1,398 |
| 71901 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell