Horseshoe Bend, Izard County, Arkansas Property Taxes
Median Horseshoe Bend, AR effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Horseshoe Bend, AR home value: $59,100
Median annual Horseshoe Bend, AR tax bill: $372, $2,028 lower than the national median property tax bill of $2,400.
How are property taxes in Izard calculated?
Property taxes in Horseshoe Bend, 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 Horseshoe Bend’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Horseshoe Bend, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Horseshoe Bend, Izard County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.76%
Estimate Property Tax Bill
$449
$417
Property Tax Rates Across Horseshoe Bend, Izard County, Arkansas
Local government entities determine tax rates, leading to significant variation within a state. Each county calculates its necessary budget for services and divides it by the total value of all taxable property within its area, resulting in the property tax rate. There are votes and laws involved in setting these rates and budgets, but this is the essence of the annual process.
Compare Horseshoe Bend’s effective property tax rate to other cities in Arkansas, as well as the median property tax rates in Arkansas and the U.S. In Izard County, where Horseshoe Bend is located, the median property tax rate stands at 0.76%, which is below the national median of 1.02%. Despite this, property tax rates can vary widely across the state. By understanding how local tax rates compare to state and national averages, property owners in Horseshoe Bend can make informed decisions about their taxes. This insight is crucial for those looking to appeal their property taxes or seek exemptions, ensuring they pay only their fair share.
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 Horseshoe Bend Tax Rate
0.76%
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 Izard County Tax Rate
0.75%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Horseshoe Bend, Izard County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72512 | 0.14% | 0.30% | 0.76% | 0.97% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Horseshoe Bend, Izard County, Arkansas
When examining property taxes in Horseshoe Bend, 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 Izard 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.
In Izard 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 Horseshoe Bend. For example, the median home price in Horseshoe Bend is $59,100, with tax bills ranging significantly across the county. Zip code 72512 has the highest median home price at $59,100.
Property Tax Assessment Values Across Horseshoe Bend, Izard County, Arkansas
Source: Ownwell
$24,500
$97,500
$170,500
Median Horseshoe Bend Market Value
$59,100
Median Izard County Market Value
$60,000
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Horseshoe Bend, Izard County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72512 | $9,540 | $35,050 | $59,100 | $95,300 | $199,530 |
Source: Ownwell
Property Tax Bills Across Horseshoe Bend, Izard County, Arkansas
Median Horseshoe Bend Tax Bill
$372
Median Izard County Tax Bill
$375
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Horseshoe Bend, Izard County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72512 | $51 | $117 | $372 | $726 | $1,558 |
Source: Ownwell