Fort Smith, Sebastian County, Arkansas Property Taxes

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

Median Fort Smith, AR effective property tax rate: 1.05%, slightly higher than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Fort Smith, AR home value: $105,250
Median annual Fort Smith, AR tax bill: $1,022, $1,378 lower than the national median property tax bill of $2,400.

How are property taxes in Sebastian County calculated?

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

Last Updated March 1, 2025

Fort Smith, Sebastian County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.05%

Estimate Property Tax Bill

$1,105

$1,026

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

Property Tax Rates Across Fort Smith, Sebastian County, Arkansas

Local government entities determine property tax rates, which can vary significantly within Arkansas. Each year, counties estimate their budget needs for providing services and divide this by the total value of all taxable property in their jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the basic annual process.

In Fort Smith, located in Sebastian County, the effective property tax rate is 1.05%, which is slightly above the national median of 1.02%. This rate is one of the highest in the area, with the 72901 zip code sharing the same rate. In contrast, the 72916 zip code has a slightly lower rate of 1.03%. Compared to other cities in Arkansas, Fort Smith's property tax rate is on the higher end. However, it is important to note that the median property tax rate in Arkansas is also 1.05%, aligning closely with Fort Smith’s rate. This comparison highlights how tax rates can vary within a state and emphasizes the importance of understanding local tax obligations.

Property Tax Rates Across Fort Smith, Sebastian County, Arkansas

Source: Ownwell

0.90%

1.00%

1.11%

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 Fort Smith Tax Rate

1.05%

Median Effective Sebastian County Tax Rate

1.04%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fort Smith, Sebastian County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72901	0.74%	0.99%	1.05%	1.05%	1.05%
72903	0.77%	0.98%	1.05%	1.05%	1.05%
72904	0.78%	0.99%	1.05%	1.05%	1.05%
72908	0.84%	1.04%	1.05%	1.05%	1.05%
72916	0.77%	0.94%	1.03%	1.05%	1.09%
72905	N/A	N/A	N/A	N/A	N/A
72936	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Fort Smith, Sebastian County, Arkansas

When examining property taxes in Fort Smith, 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 Sebastian 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 Sebastian 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 Fort Smith. For example, the median home price in Fort Smith is $105,250, with tax bills ranging significantly across the county. Zip code 72916 has the highest median home price at $193,215.

Property Tax Assessment Values Across Fort Smith, Sebastian County, Arkansas

Source: Ownwell

$41,350

$117,283

$193,215

Median Fort Smith Market Value

$105,250

Median Sebastian County Market Value

$104,400

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fort Smith, Sebastian County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72901	$37,400	$52,250	$73,800	$102,550	$146,870
72903	$63,400	$104,750	$143,000	$199,375	$291,530
72904	$31,400	$42,900	$58,500	$84,800	$113,165
72908	$79,900	$99,212	$133,600	$180,238	$237,645
72916	$69,600	$137,250	$193,215	$271,500	$386,293
72905	N/A	N/A	N/A	N/A	N/A
72936	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Fort Smith, Sebastian County, Arkansas

In Fort Smith, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the final tax bill. Homeowners in Sebastian County typically see a range of tax bills, with the 25th percentile at $604 and the 75th percentile reaching $1,627. However, some homeowners may face bills as high as $2,478, particularly in areas like zip code 72916, where the median tax bill peaks at $1,905. This variation can significantly impact homeowners, especially when the national median property tax bill stands at $2,400. Ownwell offers a valuable service by assisting homeowners in appealing their property tax assessments, potentially lowering their tax bills. By leveraging expert knowledge and a thorough understanding of local tax regulations, Ownwell helps ensure that homeowners are not overpaying. This service can lead to substantial savings, providing financial relief and peace of mind.

Property Tax Bills Across Fort Smith, Sebastian County, Arkansas

Source: Ownwell

$339

$1,122

$1,905

Median Fort Smith Tax Bill

$1,022

Median Sebastian County Tax Bill

$994

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Fort Smith, Sebastian County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72901	$365	$510	$723	$1,006	$1,416
72903	$639	$991	$1,404	$1,999	$2,953
72904	$303	$413	$570	$830	$1,135
72908	$755	$974	$1,354	$1,831	$2,430
72916	$619	$1,336	$1,905	$2,663	$3,890
72905	N/A	N/A	N/A	N/A	N/A
72936	N/A	N/A	N/A	N/A	N/A

Source: Ownwell