Hot Springs National Park, Baxter County, Arkansas Property Taxes

Name: Property Tax Bills Across Hot Springs National Park, Baxter County, Arkansas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Hot Springs National Park, AR effective property tax rate: 0.85%, significantly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Hot Springs National Park, AR home value: $20,000
Median annual Hot Springs National Park, AR tax bill: $170, $2,230 lower than the national median property tax bill of $2,400.

How are property taxes in Baxter calculated?

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

Last Updated March 1, 2025

Hot Springs National Park, Baxter County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.85%

Estimate Property Tax Bill

$170

$158

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

Property Tax Rates Across Hot Springs National Park, Baxter County, Arkansas

Local government entities in Arkansas, like those in other states, set property tax rates that can differ significantly across the state. The process involves each county estimating its budget needs for public services annually and dividing this by the total value of all taxable properties in its area. This calculation determines the property tax rate. While setting these rates and budgets involves votes and legislative measures, the core process remains the same each year.

In Hot Springs National Park in Garland County, the effective property tax rate can be compared to other cities in Arkansas, as well as the median rates in the state and across the United States. Arkansas has a median property tax rate of 0.61%, which is lower than the national median of 1.02%. This means that property owners in Hot Springs National Park may benefit from lower property tax rates compared to many other parts of the country. Understanding these rates can help property owners make informed decisions and potentially save on their property taxes.

Property Tax Rates Across Hot Springs National Park, Baxter County, Arkansas

Source: Ownwell

0.62%

0.81%

0.99%

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 Hot Springs National Park Tax Rate

0.85%

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 Hot Springs National Park, Baxter County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
71901	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Hot Springs National Park, Baxter County, Arkansas

When examining property taxes in Hot Springs National Park, 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 Hot Springs National Park. For example, the median home price in Hot Springs National Park is $20,000, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Hot Springs National Park, Baxter County, Arkansas

Source: Ownwell

$50,600

$102,075

$153,550

Median Hot Springs National Park Market Value

$20,000

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 Hot Springs National Park, Baxter County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
71901	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Hot Springs National Park, Baxter County, Arkansas

In Hot Springs National Park, property tax bills are determined by assessing the property's value and applying the local tax rate. With the median home price at $20,000, homeowners in this region typically face a property tax bill around $170, which is significantly lower than the national median of $2,400. The local tax rate is influenced by factors such as school funding, infrastructure needs, and municipal services. Compared to the national median property tax rate of 1.02%, Hot Springs National Park offers a more affordable property tax environment. However, even with a lower tax bill, homeowners should remain vigilant about potential over-assessments, which could lead to higher than necessary tax payments. Here, Ownwell steps in to assist homeowners by offering property tax appeal and exemption services. By reviewing assessments and identifying discrepancies, Ownwell helps ensure that homeowners are not overpaying on their tax bills. This service not only provides financial relief but also ensures that homeowners pay only their fair share.

Property Tax Bills Across Hot Springs National Park, Baxter County, Arkansas

Source: Ownwell

$290

$653

$1,016

Median Hot Springs National Park Tax Bill

$170

Median Baxter County Tax Bill

$862

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Hot Springs National Park, Baxter County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
71901	N/A	N/A	N/A	N/A	N/A

Source: Ownwell