Humphrey, Arkansas County, Arkansas Property Taxes

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

Median Humphrey, AR effective property tax rate: 0.70%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Humphrey, AR home value: $60,250
Median annual Humphrey, AR tax bill: $365, $2,035 lower than the national median property tax bill of $2,400.

How are property taxes in Arkansas calculated?

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

Last Updated March 1, 2025

Humphrey, Arkansas County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.7%

Estimate Property Tax Bill

$422

$391

Ownwell’s Humphrey Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Humphrey with just two data points.

By entering your property's estimated assessed value, our calculator applies Humphrey’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 Humphrey, Arkansas County, Arkansas

Local government entities set tax rates, which can vary widely within a state. This variation occurs 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. Below, you can compare Humphrey’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.

In Humphrey, located in Arkansas County, the property tax rate is notably below the national median of 1.02%. This can be particularly beneficial for homeowners, as a lower tax rate can result in significant savings over time. Compared to the national median property tax bill of $2400, residents in Humphrey often find themselves with a more manageable tax burden. This lower rate can make Humphrey an attractive location for those looking to maximize their investment in property while enjoying the benefits of lower annual expenses.

Property Tax Rates Across Humphrey, 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 Humphrey Tax Rate

0.70%

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 Humphrey, Arkansas County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72073	0.19%	0.44%	0.70%	0.81%	0.95%

Source: Ownwell

Property Tax Assessment Values Across Humphrey, Arkansas County, Arkansas

When examining property taxes in Humphrey, 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 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 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 Humphrey.

For example, the median home price in Humphrey is $60,250, with tax bills ranging significantly across the county. Zip code 72073 has the highest median home price at $60,250.

Property Tax Assessment Values Across Humphrey, Arkansas County, Arkansas

Source: Ownwell

$34,750

$65,623

$96,495

Median Humphrey Market Value

$60,250

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 Humphrey, Arkansas County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72073	$5,282	$23,900	$60,250	$123,425	$209,968

Source: Ownwell

Property Tax Bills Across Humphrey, Arkansas County, Arkansas

In Humphrey, located in Arkansas County, AR, property tax bills are calculated based on the assessed value of the property. The assessed value typically represents a percentage of the market value of the home, which in Humphrey is around $60,250. Homeowners in this area can expect tax bills ranging significantly, from the 25th percentile tax bill of $129 to the 90th percentile tax bill of $1,720. The median tax bill in the area is $365, which is considerably lower than the national median property tax bill of $2,400. This variation in tax bills is influenced by factors such as property size, location, and local tax rates. Such differences can significantly affect homeowners, especially those on a tight budget. Ownwell offers a valuable service by helping homeowners in Humphrey reduce their property tax bills through expert appeal and exemption services. By analyzing property assessments and identifying potential discrepancies, Ownwell ensures that homeowners are not overpaying and can achieve potential savings on their tax obligations.

Property Tax Bills Across Humphrey, Arkansas County, Arkansas

Source: Ownwell

$238

$538

$838

Median Humphrey Tax Bill

$365

Median Arkansas County Tax Bill

$414

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Humphrey, Arkansas County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72073	$42	$129	$365	$942	$1,720

Source: Ownwell