Altheimer, Arkansas County, Arkansas Property Taxes

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

Median Altheimer, Arkansas effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Altheimer, Arkansas home value: $89,672
Median annual Altheimer, Arkansas tax bill: $700, $1,700 lower than the national median property tax bill of $2,400.

How are property taxes in Arkansas County calculated?

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

Last Updated March 1, 2025

Altheimer, Arkansas County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.79%

Estimate Property Tax Bill

$708

$657

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

Property Tax Rates Across Altheimer, Arkansas County, Arkansas

Local government entities set tax rates, which can vary widely within a state due to differing budgetary needs and property values. Each year, counties estimate the budget required to provide essential services and divide this by the total value of all taxable properties within their jurisdiction, resulting in the property tax rate. While votes and legislation play roles in determining tax rates and budgets, this annual calculation is the core process. In Altheimer, within Arkansas County in Arkansas, the effective property tax rate reflects this process. When comparing Altheimer's effective property tax rate to other cities in Arkansas, it is essential to consider both state and national medians. Arkansas's median property tax rate is notably lower than the national median of 1.02%, offering potential savings to property owners. This comparison highlights Altheimer's position within the broader context of property taxation, providing a clearer understanding of how local tax rates align with state and national figures.

Property Tax Rates Across Altheimer, Arkansas County, Arkansas

Source: Ownwell

0.60%

0.73%

0.86%

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 Altheimer Tax Rate

0.79%

Median Effective Arkansas County Tax Rate

0.67%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Altheimer, Arkansas County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72004	0.56%	0.68%	0.79%	0.83%	0.85%

Source: Ownwell

Property Tax Assessment Values Across Altheimer, Arkansas County, Arkansas

When examining property taxes in Altheimer, 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 Arkansas 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 Arkansas 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 Altheimer. For example, the median home price in Altheimer is $89,672, with tax bills ranging significantly across the county. 72004 has the highest median home price at $89,672.

Property Tax Assessment Values Across Altheimer, Arkansas County, Arkansas

Source: Ownwell

$34,750

$65,623

$96,495

Median Altheimer Market Value

$89,672

Median Arkansas County Market Value

$70,958

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Altheimer, Arkansas County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72004	$27,893	$44,986	$89,672	$119,195	$152,740

Source: Ownwell

Property Tax Bills Across Altheimer, Arkansas County, Arkansas

In Altheimer, located in Arkansas County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $89,672. The tax bill reflects a combination of the local tax rate and the assessed value, resulting in a typical range from $355 to $1,159. The median tax bill is notably lower than the national median of $2,400, providing some relief to homeowners. However, even within this range, there can be a significant impact on household budgets, especially for those at the higher end of the tax bill spectrum.

Ownwell assists homeowners by offering property tax appeal and exemption services. By leveraging local expertise and understanding of the tax assessment process, Ownwell can help identify discrepancies or opportunities for exemptions, potentially reducing the financial burden on homeowners. This service ensures that property owners pay only their fair share, aligning with their property's true assessed value.

Property Tax Bills Across Altheimer, Arkansas County, Arkansas

Source: Ownwell

$238

$538

$838

Median Altheimer Tax Bill

$700

Median Arkansas County Tax Bill

$414

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Altheimer, Arkansas County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72004	$170	$355	$700	$899	$1,159

Source: Ownwell