Montrose, Ashley County, Arkansas Property Taxes
Median Montrose, AR effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Montrose, AR home value: $32,000
Median annual Montrose, AR tax bill: $156, $2,244 lower than the national median property tax bill of $2,400.
How are property taxes in Ashley County calculated?
Property taxes in Montrose, 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 Montrose’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Montrose, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Montrose, Ashley County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.68%
Estimate Property Tax Bill
$218
$202
Property Tax Rates Across Montrose, Ashley County, Arkansas
Local government entities set tax rates, which can vary widely within a state. Why? 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 Montrose’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S. Montrose, located in Ashley County, has a median property tax rate of 0.68%. This rate is lower than the national median property tax rate of 1.02%. Additionally, Montrose's rate is consistent with the highest and lowest median tax rates within the region, all recorded at 0.68%. This consistency highlights a relatively stable property tax environment in Montrose, providing predictability for property owners. Understanding these rates can help property owners make informed decisions about buying or maintaining property in Montrose.
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 Montrose Tax Rate
0.68%
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 Ashley County Tax Rate
0.60%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Montrose, Ashley County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71658 | 0.10% | 0.37% | 0.68% | 0.94% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Montrose, Ashley County, Arkansas
When examining property taxes in Montrose, 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 Ashley 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 Ashley County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Montrose.
For example, the median home price in Montrose is $32,000, with tax bills ranging significantly across the county. Zip code 71658 has the highest median home price at $32,000.
Property Tax Assessment Values Across Montrose, Ashley County, Arkansas
Source: Ownwell
$27,350
$44,100
$60,850
Median Montrose Market Value
$32,000
Median Ashley County Market Value
$56,000
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Montrose, Ashley County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71658 | $4,200 | $17,275 | $32,000 | $59,050 | $92,300 |
Source: Ownwell
Property Tax Bills Across Montrose, Ashley County, Arkansas
Property tax bills in Montrose, Ashley County, AR, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value, and various factors like location, property size, and improvements can influence this valuation. With a median home price of $32,000, homeowners in Montrose typically face property tax bills that are significantly lower than the national median tax bill of $2,400. In Montrose, the median tax bill stands at $156, with the 25th percentile at $61 and the 90th percentile reaching $544. These figures highlight the variability in tax bills based on property specifics and local assessments.
For homeowners looking to reduce their property tax burden, Ownwell offers expert property tax appeal services. By reviewing property assessments and identifying discrepancies, Ownwell can help homeowners ensure their tax bills are fair and accurate. This service can lead to substantial savings, making it an invaluable resource for property owners aiming to minimize expenses.
Median Montrose Tax Bill
$156
Median Ashley County Tax Bill
$300
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Montrose, Ashley County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71658 | $19 | $61 | $156 | $284 | $544 |
Source: Ownwell