Huntsville, Madison County, Arkansas Property Taxes

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

Median Huntsville, AR effective property tax rate: 0.66%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Huntsville, AR home value: $85,600
Median annual Huntsville, AR tax bill: $508, $1,892 lower than the national median property tax bill of $2,400.

How are property taxes in Madison County calculated?

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

Last Updated March 1, 2025

Huntsville, Madison County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.66%

Estimate Property Tax Bill

$565

$524

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

Property Tax Rates Across Huntsville, Madison County, Arkansas

Local government entities determine tax rates, which can differ significantly within a state. Annually, each county assesses its budgetary needs to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation establishes the property tax rate. Although votes and regulations play a role in setting tax rates and budgets, this is the basic annual procedure.

In Huntsville, located in Madison County, Arkansas, the effective property tax rate is 0.66%, which is notably lower than the national median property tax rate of 1.02%. This places Huntsville among the more affordable locations in terms of property tax burden. The median property tax bill in Huntsville is also likely more manageable compared to the national median of $2,400. When comparing Huntsville’s effective property tax rate to other cities in Arkansas, it aligns with the state’s median property tax rate, offering residents a favorable tax environment. By understanding these rates, property owners in Huntsville can make informed decisions about their real estate investments and potential tax liabilities.

Property Tax Rates Across Huntsville, Madison County, Arkansas

Source: Ownwell

0.62%

0.77%

0.91%

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 Huntsville Tax Rate

0.66%

Median Effective Madison County Tax Rate

0.68%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Huntsville, Madison County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72740	0.11%	0.36%	0.66%	0.90%	0.96%

Source: Ownwell

Property Tax Assessment Values Across Huntsville, Madison County, Arkansas

When examining property taxes in Huntsville, 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 Madison 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 Madison 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 Huntsville. For example, the median home price in Huntsville is $85,600, with tax bills ranging significantly across the county. Zip code 72740 has the highest median home price at $85,600.

Property Tax Assessment Values Across Huntsville, Madison County, Arkansas

Source: Ownwell

$52,325

$110,563

$168,800

Median Huntsville Market Value

$85,600

Median Madison County Market Value

$78,900

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Huntsville, Madison County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72740	$22,900	$46,900	$85,600	$140,450	$205,920

Source: Ownwell

Property Tax Bills Across Huntsville, Madison County, Arkansas

In Huntsville, located in Madison County, AR, property taxes are calculated based on the assessed value of a home, which is a percentage of its market value. With a median home price of $85,600, homeowners in this region can expect their property tax bills to vary significantly. The 25th percentile tax bill sits at $199, while the 75th percentile reaches up to $962, and the 90th percentile peaks at $1,529. These figures highlight the range of property tax bills homeowners might face, influenced by factors such as local tax rates and property valuations. Compared to the national median property tax rate of 1.02% and a median bill of $2,400, Huntsville's tax bills are relatively lower. Homeowners in Huntsville can benefit from Ownwell's expertise in property tax appeals and exemptions. By leveraging local knowledge and industry experience, Ownwell can identify opportunities for tax savings, ensuring homeowners pay only what they owe and potentially reducing their property tax burden.

Property Tax Bills Across Huntsville, Madison County, Arkansas

Source: Ownwell

$329

$863

$1,396

Median Huntsville Tax Bill

$508

Median Madison County Tax Bill

$463

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Huntsville, Madison County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72740	$42	$199	$508	$962	$1,529

Source: Ownwell