Gassville, Baxter County, Arkansas Property Taxes
Median Gassville, AR effective property tax rate: 0.62%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Gassville, AR home value: $113,200
Median annual Gassville, AR tax bill: $699, $1,701 lower than the national median property tax bill of $2,400.
How are property taxes in Baxter County calculated?
Property taxes in Gassville, 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 Gassville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gassville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gassville, Baxter County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.62%
Estimate Property Tax Bill
$702
$651
Property Tax Rates Across Gassville, Baxter County, Arkansas
Local government entities set tax rates, which can vary widely within a state. 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 Gassville’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.
Gassville, located in Baxter County, boasts a property tax rate of 0.62%, which is significantly lower than the national median property tax rate of 1.02%. With this rate, residents in Gassville benefit from one of the most favorable property tax environments in the country. This lower tax burden can make homeownership more affordable, offering a financial advantage when compared to other regions. For those considering relocation or investment in Arkansas, Gassville presents an attractive opportunity with its competitive tax rate, enhancing the appeal of this charming city.
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 Gassville Tax Rate
0.62%
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 Gassville, Baxter County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72635 | 0.45% | 0.55% | 0.62% | 0.70% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Gassville, Baxter County, Arkansas
When examining property taxes in Gassville, 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 Assessor 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 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 Gassville. For example, the median home price in Gassville is $113,200, with tax bills ranging significantly across the county. 72635 has the highest median home price at $113,200.
Property Tax Assessment Values Across Gassville, Baxter County, Arkansas
Source: Ownwell
$50,600
$102,075
$153,550
Median Gassville Market Value
$113,200
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 Gassville, Baxter County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72635 | $36,770 | $78,325 | $113,200 | $159,350 | $251,850 |
Source: Ownwell
Property Tax Bills Across Gassville, Baxter County, Arkansas
In Gassville, property tax bills are determined based on the assessed value of a home. This value is calculated as a percentage of the property's market value. Baxter County's property tax rate is notably lower than the national median of 1.02%, making it an attractive location for homeowners. However, even with a median home price of $113,200, property tax bills can vary significantly, ranging from the 25th percentile at $480 to the 90th percentile at $1,560. Homeowners in zip code 72635 face a median tax bill of $699, which is consistent across the area.
The property tax bill directly affects homeowners by influencing their annual housing costs and financial planning. High property taxes can strain budgets, while lower taxes provide relief. Ownwell assists homeowners in reducing their property tax bills by identifying potential appeal opportunities and ensuring they take advantage of available exemptions. By leveraging expertise and local knowledge, Ownwell helps homeowners navigate the complexities of property tax assessments, ultimately leading to significant savings and peace of mind.
Median Gassville Tax Bill
$699
Median Baxter County Tax Bill
$862
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Gassville, Baxter County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72635 | $250 | $480 | $699 | $1,005 | $1,560 |
Source: Ownwell