Hot Springs Village, Garland County, Arkansas Property Taxes

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

Median HOT SPRINGS VILLAGE, AR effective property tax rate: 0.43%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%. Median HOT SPRINGS VILLAGE, AR home value: $184,450. Median annual HOT SPRINGS VILLAGE, AR tax bill: $804, $1,596 lower than the national median property tax bill of $2,400.

How are property taxes in Garland calculated?

Property taxes in HOT SPRINGS VILLAGE, 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 VILLAGE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in HOT SPRINGS VILLAGE, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Hot Springs Village, Garland County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.43%

Estimate Property Tax Bill

$793

$736

Ownwell’s Hot Springs Village Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hot Springs Village with just two data points. By entering your property's estimated assessed value, our calculator applies Hot Springs Village’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 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 Garland County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Hot Springs Village, Garland County, Arkansas

Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates the budget required to provide essential services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws influence the setting of tax rates and budgets, this process is the fundamental annual procedure.

In Hot Springs Village, located within Garland County, property tax rates are notably lower than the national median. The effective property tax rate here is 0.43%, which is significantly below the national median of 1.02%. This lower rate can result in substantial savings for property owners compared to other areas. When examining property tax rates across the state of Arkansas, Hot Springs Village stands out for its affordability. This can make it an attractive location for both current residents and potential homebuyers looking for a lower cost of living. As property taxes are a crucial consideration for homeowners, understanding these rates and how they compare nationally can be beneficial for financial planning and investment decisions.

Property Tax Rates Across Hot Springs Village, Garland County, Arkansas

Source: Ownwell

0.43%

0.67%

0.90%

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 Village Tax Rate

0.43%

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 Village, Garland County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
71909	0.19%	0.28%	0.43%	0.60%	0.77%

Source: Ownwell

Property Tax Assessment Values Across Hot Springs Village, Garland County, Arkansas

When examining property taxes in Hot Springs Village, Arkansas, 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 appraisal district 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 Village.

For example, the median home price in Hot Springs Village is $184,450, with tax bills ranging significantly across the county. Zip code 71909 has the highest median home price at $184,450.

Property Tax Assessment Values Across Hot Springs Village, Garland County, Arkansas

Source: Ownwell

$42,475

$132,888

$223,300

Median Hot Springs Village Market Value

$184,450

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 Village, Garland County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
71909	$90,540	$126,600	$184,450	$263,500	$367,210

Source: Ownwell

Property Tax Bills Across Hot Springs Village, Garland County, Arkansas

Property tax bills in Hot Springs Village, Garland County, AR, are calculated based on the assessed value of a property, which is a percentage of its market value. Homeowners in this region experience a median tax bill of $804, which is significantly lower than the national median of $2,400. Factors influencing these tax bills include local tax rates and property assessments. The tax bill's range varies, with the 25th percentile at $463 and the 75th percentile at $1,289, showcasing a broad spectrum that reflects different property values and tax rates within the area. Despite the lower median tax bill, homeowners may still find opportunities for savings. Ownwell offers expert property tax appeal and exemption services, helping homeowners potentially reduce their tax liabilities. By leveraging local expertise and a deep understanding of property tax laws, Ownwell assists homeowners in navigating the complexities of property tax assessments, ensuring they only pay their fair share and potentially saving money in the process.

Property Tax Bills Across Hot Springs Village, Garland County, Arkansas

Source: Ownwell

$241

$964

$1,686

Median Hot Springs Village Tax Bill

$804

Median Garland County Tax Bill

$863

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Hot Springs Village, Garland County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
71909	$224	$463	$804	$1,289	$1,976

Source: Ownwell