Sebastian County, Arkansas Property Taxes
The median property tax rate in Sebastian County is 1.04%, which is slightly higher than both the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value of $104,400 in Sebastian County, the typical annual property tax bill amounts to $994, which is considerably lower than the national median of $2,690. Property taxes in Sebastian County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Sebastian County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Fort Smith or another part of Sebastian County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sebastian County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$1,086
$1,008
Ownwell’s Sebastian County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Sebastian County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Sebastian County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Sebastian County, Arkansas
Property taxes in Sebastian County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Sebastian County is 1.04%, which is higher than the U.S. national median of 0.99%. Local government entities within Sebastian County set these rates annually, and they can vary significantly between different areas within the county. Each year, Sebastian County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Sebastian County's effective property tax rate with other counties and the national median. For comparison, the city of Central City has one of the higher property tax rates at 1.11%, while the city of Charleston boasts one of the lowest at 0.90%. Analyzing how Sebastian County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Sebastian County Tax Rate
1.04%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sebastian County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barling | 0.71% | 0.96% | 1.00% | 1.00% | 1.00% |
| Bonanza | N/A | N/A | N/A | N/A | N/A |
| Booneville | 0.73% | 0.89% | 0.94% | 0.94% | 0.97% |
| Cecil | 0.52% | 0.83% | 1.01% | 1.01% | 1.01% |
| Central City | 0.72% | 0.90% | 1.11% | 1.11% | 1.11% |
| Charleston | 0.57% | 0.75% | 0.90% | 0.92% | 0.92% |
| Fort Smith | 0.77% | 0.95% | 1.05% | 1.05% | 1.05% |
| Greenwood | 0.74% | 0.94% | 0.98% | 1.04% | 1.04% |
| Hackett | 0.64% | 0.84% | 0.94% | 0.96% | 1.03% |
| Hartford | 0.65% | 0.92% | 0.96% | 1.06% | 1.06% |
| Huntington | 0.67% | 0.88% | 0.97% | 0.97% | 1.08% |
| Lavaca | 0.71% | 0.92% | 1.01% | 1.09% | 1.09% |
| Mansfield | 0.67% | 0.93% | 0.97% | 1.08% | 1.08% |
| Midland | 0.50% | 0.70% | 0.96% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Sebastian County, Arkansas
In Sebastian County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Sebastian County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Sebastian County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. In Sebastian County, the median home price is $104,400. The highest median tax bill is found in Greenwood at $1,189, while Midland has the lowest at $339. Being aware of these valuation processes in Sebastian County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Sebastian County, Arkansas
Source: Ownwell
$41,350
$117,283
$193,215
Average Sebastian County Assessed Value
$104,400
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sebastian County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barling | $42,360 | $74,600 | $95,800 | $126,050 | $155,810 |
| Bonanza | N/A | N/A | N/A | N/A | N/A |
| Booneville | $32,496 | $48,200 | $83,550 | $133,400 | $203,060 |
| Cecil | $24,790 | $49,950 | $98,750 | $134,700 | $180,020 |
| Central City | $11,535 | $40,775 | $87,175 | $143,112 | $178,255 |
| Charleston | $29,270 | $55,250 | $106,700 | $170,700 | $250,820 |
| Fort Smith | $41,100 | $62,100 | $105,250 | $164,300 | $245,700 |
| Greenwood | $47,865 | $83,700 | $122,500 | $169,012 | $236,335 |
| Hackett | $20,250 | $41,238 | $75,975 | $127,875 | $184,800 |
| Hartford | $12,200 | $26,588 | $55,375 | $98,188 | $157,075 |
| Huntington | $15,520 | $36,550 | $73,800 | $120,500 | $179,374 |
| Lavaca | $40,230 | $70,635 | $122,000 | $168,938 | $224,215 |
| Mansfield | $17,930 | $39,325 | $73,650 | $120,225 | $173,740 |
| Midland | $17,750 | $27,875 | $41,350 | $69,275 | $97,563 |
Source: Ownwell
Property Tax Bills Across Sebastian County, Arkansas
In Sebastian County, AR, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For homeowners, this means that the higher the market value of their property, the higher their property tax bill will be. Factors such as property location, home size, and local tax rates play a significant role in determining the final tax amount. For instance, the median home price in Sebastian County is $104,400, and property tax bills can vary significantly. Homeowners in the 25th percentile pay around $588, while those in the 75th percentile face bills of approximately $1,553. At the 90th percentile, tax bills can reach up to $2,324. Greenwood has the highest median tax bill at $1,189, while Midland has the lowest at $339. These variations highlight the importance of understanding how local factors influence property tax calculations, helping homeowners anticipate their annual financial obligations.
Average Sebastian County Tax Bill
$994
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Sebastian County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barling | $395 | $694 | $887 | $1,224 | $1,533 |
| Bonanza | N/A | N/A | N/A | N/A | N/A |
| Booneville | $293 | $401 | $760 | $1,194 | $1,743 |
| Cecil | $210 | $476 | $856 | $1,083 | $1,642 |
| Central City | $122 | $414 | $816 | $1,537 | $1,937 |
| Charleston | $224 | $416 | $844 | $1,448 | $2,112 |
| Fort Smith | $405 | $604 | $1,022 | $1,627 | $2,478 |
| Greenwood | $442 | $785 | $1,189 | $1,625 | $2,315 |
| Hackett | $194 | $362 | $658 | $1,129 | $1,631 |
| Hartford | $115 | $236 | $493 | $869 | $1,424 |
| Huntington | $158 | $334 | $627 | $1,103 | $1,668 |
| Lavaca | $357 | $684 | $1,096 | $1,654 | $2,178 |
| Mansfield | $172 | $356 | $639 | $1,069 | $1,639 |
| Midland | $150 | $226 | $339 | $550 | $856 |
Source: Ownwell