Sharp County, Arkansas Property Taxes
The median property tax rate in Sharp County is 0.61%, which is significantly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Sharp County at $83,700, the typical annual property tax bill is around $481, far below the national median of $2,690. Property taxes in Sharp County are calculated based on the tax assessed value, which is often less than the actual market value due to various property tax exemptions like primary residence and agricultural exemptions. Understanding Sharp 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 Hardy or another part of Sharp County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sharp County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$511
$474
Ownwell’s Sharp County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sharp County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Sharp 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 Sharp County, Arkansas
Property taxes in Sharp County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Sharp County is 0.61%, which is lower than the U.S. national median of 0.99%. Local government entities within Sharp County set these rates annually, and they can vary significantly between different areas within the county. Each year, Sharp 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. For comparison, the city of Sidney has one of the higher property tax rates in Arkansas at 0.79%, while the city of Williford boasts one of the lowest at 0.53%. Analyzing how Sharp County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Sharp County Tax Rate
0.61%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sharp County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ash Flat | 0.38% | 0.45% | 0.59% | 0.68% | 0.73% |
| Cave City | 0.48% | 0.58% | 0.69% | 0.88% | 0.96% |
| Cherokee Village | 0.44% | 0.50% | 0.58% | 0.67% | 0.82% |
| Evening Shade | 0.46% | 0.56% | 0.75% | 0.90% | 1.00% |
| Hardy | 0.32% | 0.44% | 0.55% | 0.70% | 0.77% |
| Highland | 0.36% | 0.43% | 0.55% | 0.72% | 0.80% |
| Mammoth Spring | 0.44% | 0.52% | 0.59% | 0.72% | 0.82% |
| Poughkeepsie | 0.43% | 0.53% | 0.66% | 0.78% | 0.84% |
| Ravenden | 0.49% | 0.59% | 0.65% | 0.83% | 0.86% |
| Sidney | 0.47% | 0.59% | 0.79% | 0.87% | 0.99% |
| Smithville | 0.45% | 0.52% | 0.62% | 0.77% | 0.83% |
| Strawberry | 0.45% | 0.52% | 0.59% | 0.71% | 0.83% |
| Sulphur Rock | 0.51% | 0.56% | 0.64% | 0.81% | 0.90% |
| Williford | 0.36% | 0.43% | 0.53% | 0.71% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Sharp County, Arkansas
In Sharp 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 Sharp 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 Sharp 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. Being aware of these valuation processes in Sharp County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. For example, Sulphur Rock has the highest median tax bill at $653, while Williford has the lowest at $270.
Average Sharp County Assessed Value
$83,700
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sharp County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ash Flat | $30,900 | $66,425 | $99,700 | $161,650 | $243,165 |
| Cave City | $22,005 | $50,800 | $83,225 | $129,212 | $193,570 |
| Cherokee Village | $54,030 | $68,400 | $89,500 | $138,100 | $268,570 |
| Evening Shade | $16,980 | $32,900 | $69,500 | $126,850 | $188,770 |
| Hardy | $19,120 | $44,050 | $87,050 | $150,300 | $234,530 |
| Highland | $16,420 | $51,850 | $98,300 | $167,500 | $266,360 |
| Mammoth Spring | $20,630 | $40,100 | $85,800 | $150,050 | $223,280 |
| Poughkeepsie | $13,550 | $28,225 | $66,950 | $122,450 | $181,900 |
| Ravenden | $21,400 | $43,538 | $82,150 | $126,550 | $200,825 |
| Sidney | $20,500 | $47,350 | $80,850 | $130,550 | $179,700 |
| Smithville | $19,030 | $45,700 | $82,050 | $146,675 | $246,990 |
| Strawberry | $23,380 | $50,100 | $95,150 | $142,000 | $236,160 |
| Sulphur Rock | $23,330 | $44,812 | $90,700 | $156,375 | $238,110 |
| Williford | $8,800 | $22,062 | $55,400 | $90,300 | $153,200 |
Source: Ownwell
Property Tax Bills Across Sharp County, Arkansas
In Sharp County, AR, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in Sharp County see a range of property tax bills depending on various factors, including the location and value of their property. The median home price in the county is $83,700, and tax bills can vary significantly. For instance, the 25th percentile tax bill is $300, while the 75th percentile reaches $769. At the higher end, the 90th percentile tax bill is $1,268. Local factors, such as municipal tax rates and specific property assessments, play a crucial role in determining the final tax bill. Homeowners in Sulphur Rock experience the highest median tax bill at $653, whereas those in Williford pay the lowest median tax bill at $270. These property taxes impact homeowners by influencing their overall housing costs and potentially affecting the affordability of their homes.
Average Sharp County Tax Bill
$481
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Sharp County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ash Flat | $200 | $371 | $536 | $854 | $1,334 |
| Cave City | $178 | $353 | $548 | $828 | $1,267 |
| Cherokee Village | $305 | $386 | $514 | $805 | $1,575 |
| Evening Shade | $136 | $261 | $474 | $800 | $1,212 |
| Hardy | $111 | $228 | $431 | $723 | $1,171 |
| Highland | $124 | $261 | $482 | $856 | $1,391 |
| Mammoth Spring | $139 | $244 | $458 | $830 | $1,188 |
| Poughkeepsie | $98 | $197 | $377 | $717 | $999 |
| Ravenden | $176 | $291 | $483 | $789 | $1,200 |
| Sidney | $175 | $309 | $544 | $838 | $1,166 |
| Smithville | $142 | $302 | $505 | $845 | $1,380 |
| Strawberry | $186 | $336 | $506 | $819 | $1,283 |
| Sulphur Rock | $171 | $220 | $653 | $931 | $1,777 |
| Williford | $51 | $123 | $270 | $434 | $714 |
Source: Ownwell