Cave Springs, Benton County, Arkansas Property Taxes

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

Median CAVE SPRINGS, AR effective property tax rate: 1.20%, significantly higher than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median CAVE SPRINGS, AR home value: $318,175
Median annual CAVE SPRINGS, AR tax bill: $3,723, $1,323 higher than the national median property tax bill of $2,400.

How are property taxes in Benton calculated?

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

Last Updated March 1, 2025

Cave Springs, Benton County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.2%

Estimate Property Tax Bill

$3,818

$3,543

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

Property Tax Rates Across Cave Springs, Benton County, Arkansas

Local government entities set property tax rates, which can differ significantly within a state. This variation arises because each county annually estimates the budget required to provide services and divides it by the total assessed value of all taxable property in its jurisdiction, resulting in the property tax rate. Although setting tax rates and budgets involves votes and laws, this is the annual process in a nutshell. In Cave Springs, located in Benton County, the effective property tax rate is 1.20%, which aligns with the highest and lowest rates in the region. Comparatively, Arkansas has a median property tax rate of 0.61%, significantly lower than the national median of 1.02%. This makes Cave Springs' rate higher than both the state and national averages. Understanding these rates can help property owners anticipate their tax bills and consider potential appeals or exemptions. With the national median property tax bill at $2,400, property owners in Cave Springs might experience higher tax responsibilities compared to other parts of Arkansas.

Property Tax Rates Across Cave Springs, Benton County, Arkansas

Source: Ownwell

0.67%

0.95%

1.23%

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 Cave Springs Tax Rate

1.20%

Median Effective Benton County Tax Rate

1.00%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cave Springs, Benton County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72718	0.95%	1.06%	1.20%	1.23%	1.23%

Source: Ownwell

Property Tax Assessment Values Across Cave Springs, Benton County, Arkansas

When examining property taxes in Cave Springs, 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 Benton 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 Benton 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 Cave Springs. For example, the median home price in Cave Springs is $318,175, with tax bills ranging significantly across the county. Zip code 72718 has the highest median home price at $318,175.

Property Tax Assessment Values Across Cave Springs, Benton County, Arkansas

Source: Ownwell

$89,882

$249,991

$410,100

Median Cave Springs Market Value

$318,175

Median Benton County Market Value

$211,150

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cave Springs, Benton County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72718	$197,535	$251,488	$318,175	$378,112	$549,021

Source: Ownwell

Property Tax Bills Across Cave Springs, Benton County, Arkansas

In Cave Springs, AR, property tax bills are calculated based on the assessed value of a home, which is determined as a percentage of the market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Several factors, such as property size, location, and improvements, influence the market value. In Benton County, where Cave Springs is located, the median home price is $318,175, leading to varying tax bills. For instance, homeowners in the 25th percentile pay around $2,697, while those in the 90th percentile face bills as high as $6,384. This can significantly impact homeowners, especially when compared to the national median property tax bill of $2,400. Ownwell helps homeowners navigate these costs by offering property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners reduce their tax bills, ensuring they are not overpaying and providing peace of mind in managing their property taxes effectively.

Property Tax Bills Across Cave Springs, Benton County, Arkansas

Source: Ownwell

$702

$2,427

$4,151

Median Cave Springs Tax Bill

$3,723

Median Benton County Tax Bill

$2,090

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Cave Springs, Benton County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72718	$2,004	$2,697	$3,723	$4,524	$6,384

Source: Ownwell