Gamaliel, Baxter County, Arkansas Property Taxes
Median Gamaliel, AR effective property tax rate: 0.65%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Gamaliel, AR home value: $129,050
Median annual Gamaliel, AR tax bill: $819, $1,581 lower than the national median property tax bill of $2,400.
How are property taxes in Baxter County calculated?
Property taxes in Gamaliel, 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 Gamaliel’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gamaliel, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gamaliel, Baxter County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.65%
Estimate Property Tax Bill
$839
$778
Property Tax Rates Across Gamaliel, Baxter County, Arkansas
Local government entities determine tax rates, which can vary significantly within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting 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.
In Gamaliel, located in Baxter County, Arkansas, the effective property tax rate is 0.65%. This rate is notably lower than the national median property tax rate of 1.02%. Residents in Gamaliel benefit from a property tax rate that is more affordable compared to many other regions across the United States. The median property tax rate in Arkansas also stands at 0.65%, which aligns with the rate in Gamaliel. This consistency across the state highlights a favorable tax environment for Arkansas property owners. By appealing your property tax assessment, you could potentially save even more on your tax bill, making property ownership in Gamaliel even more financially attractive.
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 Gamaliel Tax Rate
0.65%
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 Baxter County Tax Rate
0.65%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gamaliel, Baxter County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72537 | 0.46% | 0.55% | 0.65% | 0.76% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Gamaliel, Baxter County, Arkansas
When examining property taxes in Gamaliel, 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 Baxter 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 Baxter 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 Gamaliel.
For example, the median home price in Gamaliel is $129,050, with tax bills ranging significantly across the county. Zip code 72537 has the highest median home price at $129,050.
Property Tax Assessment Values Across Gamaliel, Baxter County, Arkansas
Source: Ownwell
$50,600
$102,075
$153,550
Median Gamaliel Market Value
$129,050
Median Baxter County Market Value
$137,150
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gamaliel, Baxter County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72537 | $24,450 | $69,525 | $129,050 | $213,550 | $320,850 |
Source: Ownwell
Property Tax Bills Across Gamaliel, Baxter County, Arkansas
Median Gamaliel Tax Bill
$819
Median Baxter County Tax Bill
$862
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Gamaliel, Baxter County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72537 | $164 | $393 | $819 | $1,331 | $2,111 |
Source: Ownwell