Texarkana, Miller County, Arkansas Property Taxes
Median Texarkana, AR effective property tax rate: 0.87%, slightly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Texarkana, AR home value: $86,225
Median annual Texarkana, AR tax bill: $693, $1,707 lower than the national median property tax bill of $2,400.
How are property taxes in Miller County calculated?
Property taxes in Texarkana, 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 Texarkana’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Texarkana, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Texarkana, Miller County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.87%
Estimate Property Tax Bill
$750
$696
Property Tax Rates Across Texarkana, Miller County, Arkansas
Local government entities set tax rates, which can vary widely within a state. This is because annually, 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.
Texarkana, located in Miller County, Arkansas, offers an interesting case study in property tax rates. The effective property tax rate here stands at 0.87%, which is notably lower than the national median property tax rate of 1.02%. This can be an attractive feature for property owners and potential buyers looking for cost-effective living. Moreover, Texarkana’s rate is consistent across the board, with the highest and lowest rates both at 0.87%. This uniformity can provide a sense of predictability and stability for residents. When compared to other regions in Arkansas, Texarkana’s property tax rate remains competitive, making it an appealing choice for those considering relocation or investment.
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 Texarkana Tax Rate
0.87%
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 Miller County Tax Rate
0.86%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Texarkana, Miller County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71854 | 0.30% | 0.59% | 0.87% | 1.10% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Texarkana, Miller County, Arkansas
When examining property taxes in Texarkana, 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 Miller 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 Miller 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 Texarkana. For example, the median home price in Texarkana is $86,225, with tax bills ranging significantly across the county. Zip code 71854 has the highest median home price at $86,225.
Property Tax Assessment Values Across Texarkana, Miller County, Arkansas
Source: Ownwell
$13,100
$49,663
$86,225
Median Texarkana Market Value
$86,225
Median Miller County Market Value
$80,350
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Texarkana, Miller County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71854 | $20,800 | $42,100 | $86,225 | $153,500 | $222,945 |
Source: Ownwell
Property Tax Bills Across Texarkana, Miller County, Arkansas
Median Texarkana Tax Bill
$693
Median Miller County Tax Bill
$630
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Texarkana, Miller County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71854 | $134 | $316 | $693 | $1,309 | $2,040 |
Source: Ownwell