Decatur, Benton County, Arkansas Property Taxes
Median Decatur, AR effective property tax rate: 0.78%, significantly lower than the national median of 1.02%, but also lower than the Arkansas state median of 0.84%.
Median Decatur, AR home value: $129,475
Median annual Decatur, AR tax bill: $999, $1,401 lower than the national median property tax bill of $2,400.
How are property taxes in Benton calculated?
Property taxes in Decatur, 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 Decatur’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Decatur, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Decatur, Benton County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.78%
Estimate Property Tax Bill
$1,010
$937
Property Tax Rates Across Decatur, Benton County, Arkansas
Local government entities set tax rates, which can vary widely within a state. 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.
In Decatur, Benton County, Arkansas, the effective property tax rate stands at 0.78%, which is below the national median of 1.02%. This means that property owners in Decatur benefit from lower property tax rates compared to many other regions in the U.S. The median property tax rate in Arkansas is also 0.78%, making Decatur's rate consistent with the state average.
When comparing Decatur's property tax rate to other cities within Arkansas, property owners can appreciate the relative affordability. The lower tax rate can be a significant factor for potential homeowners and investors considering the area. With property taxes being a crucial component of homeownership costs, Decatur offers an attractive proposition for those looking to manage expenses effectively.
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 Decatur Tax Rate
0.78%
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 Decatur, Benton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72722 | 0.57% | 0.69% | 0.78% | 0.94% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Decatur, Benton County, Arkansas
When examining property taxes in Decatur, 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 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 Decatur. For example, the median home price in Decatur is $129,475, with tax bills ranging significantly across the county. Zip code 72722 has the highest median home price at $129,475.
Property Tax Assessment Values Across Decatur, Benton County, Arkansas
Source: Ownwell
$89,882
$249,991
$410,100
Median Decatur Market Value
$129,475
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 Decatur, Benton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72722 | $44,015 | $81,550 | $129,475 | $193,762 | $302,620 |
Source: Ownwell
Property Tax Bills Across Decatur, Benton County, Arkansas
Median Decatur Tax Bill
$999
Median Benton County Tax Bill
$2,090
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Decatur, Benton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72722 | $338 | $619 | $999 | $1,506 | $2,456 |
Source: Ownwell