Centerton, Benton County, Arkansas Property Taxes
Median Centerton, AR effective property tax rate: 1.23%, significantly higher than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Centerton, AR home value: $206,600
Median annual Centerton, AR tax bill: $2,429, $29 higher than the national median property tax bill of $2,400.
How are property taxes in Benton calculated?
Property taxes in Centerton, 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 Centerton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Centerton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Centerton, Benton County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.23%
Estimate Property Tax Bill
$2,541
$2,358
Property Tax Rates Across Centerton, Benton County, Arkansas
Local government entities set tax rates, which can vary widely within a state. This is 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.
Centerton in Benton County, Arkansas, offers a unique perspective on property taxes. The effective property tax rate here is 1.23%, which aligns with the highest and lowest median tax rates within the area. When compared to the national median property tax rate of 1.02%, Centerton's rate is slightly higher. However, the national median property tax bill stands at $2,400, and understanding how Centerton compares can help residents make informed decisions about their property investments. By recognizing these differences, homeowners can better navigate the complexities of property taxes and potentially explore opportunities for tax appeals or exemptions to reduce their financial burden.
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 Centerton Tax Rate
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 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 Centerton, Benton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72719 | 0.97% | 1.10% | 1.23% | 1.23% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Centerton, Benton County, Arkansas
When examining property taxes in Centerton, 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 Assessor's Office 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 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 Centerton. For example, the median home price in Centerton is $206,600, with tax bills ranging significantly across the county. Zip code 72719 has the highest median home price at $206,600.
Property Tax Assessment Values Across Centerton, Benton County, Arkansas
Source: Ownwell
$89,882
$249,991
$410,100
Median Centerton Market Value
$206,600
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 Centerton, Benton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72719 | $152,350 | $175,612 | $206,600 | $260,025 | $372,203 |
Source: Ownwell
Property Tax Bills Across Centerton, Benton County, Arkansas
Median Centerton Tax Bill
$2,429
Median Benton County Tax Bill
$2,090
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Centerton, Benton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72719 | $1,585 | $2,011 | $2,429 | $3,091 | $4,498 |
Source: Ownwell