Malvern, Grant County, Arkansas Property Taxes

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

Median Malvern, AR effective property tax rate: 1.07%, significantly higher than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Malvern, AR home value: $130,250
Median annual Malvern, AR tax bill: $952, $1,448 lower than the national median property tax bill of $2,400.

How are property taxes in Grant calculated?

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

Last Updated March 1, 2025

Malvern, Grant County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.07%

Estimate Property Tax Bill

$1,394

$1,293

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

Property Tax Rates Across Malvern, Grant County, Arkansas

Local government entities are responsible for setting tax rates, which can vary widely within Arkansas. This is because each county annually estimates its budget to provide necessary services and then divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this calculation is essentially the annual process.

In Malvern, located in Grant County, the effective property tax rate reflects these local decisions. When comparing Malvern’s rate to other cities in Arkansas, it's important to consider that the state’s median property tax rate is 1.07%, slightly above the national median of 1.02%. This means property owners in Arkansas may experience higher tax bills compared to the national average, with the national median property tax bill being $2,400.

Understanding these variations can empower property owners in Malvern to make informed decisions about their property tax appeals and exemptions, potentially leading to significant savings.

Property Tax Rates Across Malvern, Grant County, Arkansas

Source: Ownwell

0.80%

0.88%

0.96%

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 Malvern Taxx Rate

1.07%

Median Effective Grant County Taxx Rate

0.85%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Malvern, Grant County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72104	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Malvern, Grant County, Arkansas

When examining property taxes in Malvern, 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 Grant 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 Grant 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 Malvern.

For example, the median home price in Malvern is $130,250, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Malvern, Grant County, Arkansas

Source: Ownwell

$42,150

$92,975

$143,800

Median Malvern Market Value

$130,250

Median Grant County Market Value

$100,075

Median Arkansas Market Value

$113,950

Median United States Market Value

$244,900

Property Tax Assessment Values Across Malvern, Grant County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72104	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Malvern, Grant County, Arkansas

In Malvern, 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. With a median home price of $130,250, property tax bills can vary significantly. For instance, homeowners at the 25th percentile pay around $615, while those at the 75th percentile see bills closer to $1,149. At the 90th percentile, tax bills can reach as high as $2,563, surpassing the national median tax bill of $2,400. These figures highlight the variability and potential burden property taxes can impose on homeowners. Ownwell offers a solution by providing expert property tax appeal and exemption services. By leveraging their knowledge and experience, Ownwell can help homeowners ensure their property is assessed fairly, potentially reducing their tax bills. This service not only alleviates financial strain but also brings peace of mind, knowing that homeowners are not overpaying on their property taxes.

Property Tax Bills Across Malvern, Grant County, Arkansas

Source: Ownwell

$363

$810

$1,257

Median Malvern Tax Bill

$952

Median Grant County Tax Bill

$770

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,690

Property Tax Bills Across Malvern, Grant County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72104	N/A	N/A	N/A	N/A	N/A

Source: Ownwell