Fayetteville, Benton County, Arkansas Property Taxes
Property Taxes in Fayetteville, Arkansas
Median Fayetteville, Arkansas effective property tax rate: 0.92%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median Fayetteville, Arkansas home value: $19,968
Median annual Fayetteville, Arkansas tax bill: $183, $2,217 lower than the national median property tax bill of $2,400.
How are property taxes in Benton calculated?
Property taxes in Fayetteville, Arkansas 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 Fayetteville's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fayetteville, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Fayetteville, Benton County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.92%
Estimate Property Tax Bill
$184
$170
How Does the Fayetteville Property Tax Calculator Work?
Use this Fayetteville property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Fayetteville's median effective tax rate of 0.92% — based on actual property records in Benton County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Fayetteville's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Fayetteville: rates range from $160.00 in 72701 to $207.00 in 72704, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Fayetteville.
About Fayetteville Property Taxes
About Property Taxes in Fayetteville, Benton, Arkansas
Fayetteville’s median effective property tax rate of 0.92% is higher than the Arkansas state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Benton County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Fayetteville. Homeowners in the 72703 ZIP code carry a median effective rate of 0.96%, while those in 72701 pay 0.90%. This spread — 0.06 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Benton County. Understanding which part of Fayetteville you live in can make a meaningful difference to your annual tax bill.
Fayetteville homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the August 17, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Fayetteville, Benton County, Arkansas
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? 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.
Below, you can compare Fayetteville's effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.
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 Fayetteville Tax Rate
0.92%
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
0.73%
Median Effective Arkansas Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Fayetteville, Benton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72701 | 0.80% | 0.87% | 0.90% | 0.96% | 0.96% |
| 72703 | 0.81% | 0.85% | 0.96% | 0.96% | 0.96% |
| 72704 | 0.68% | 0.86% | 0.93% | 0.96% | 0.96% |
| 72764 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Fayetteville, Benton County, Arkansas
When examining property taxes in Fayetteville, 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. Benton County 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.
Assessment notices:
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 Fayetteville.
For example, the median home price in Fayetteville is $19,968, with tax bills ranging significantly across the county. 72704 has the highest median home price at $23,600.
Property Tax Assessment Values Across Fayetteville, Benton County, Arkansas
Source: Ownwell
$14,755
$310,510
$606,265
Median Fayetteville Market Value
$19,968
Median Benton County Market Value
$311,065
Median Arkansas Market Value
$118,750
Median United States Market Value
$235,294
Property Tax Assessment Values Across Fayetteville, Benton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72701 | $8,288 | $12,505 | $17,680 | $23,725 | $30,070 |
| 72703 | $9,882 | $14,498 | $19,045 | $28,800 | $38,852 |
| 72704 | $11,500 | $13,598 | $23,600 | $30,120 | $51,293 |
| 72764 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Fayetteville, Benton County, Arkansas
Property tax bills in Fayetteville are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. The assessed value is then multiplied by the combined rates set by Benton County, the city, schools, and other local taxing authorities to determine the final bill. For homeowners, this means that changes in market value or in local tax rates can directly affect how much is owed each year.
In Fayetteville, the median home price is $19,968, and property tax bills vary across the city. The 25th percentile tax bill is $118, while the 75th percentile is $263. At the higher end, the 90th percentile reaches $411. The highest median tax bill is $207 in ZIP code 72704, compared with $160 in ZIP code 72701. These differences show how location, assessed value, and local levies combine to shape the property tax burden for homeowners.
Median Fayetteville Tax Bill
$183
Median Benton County Tax Bill
$2,203
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Fayetteville, Benton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72701 | $66 | $111 | $160 | $227 | $259 |
| 72703 | $83 | $107 | $183 | $277 | $374 |
| 72704 | $99 | $128 | $207 | $290 | $491 |
| 72764 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 17 |
Links | |
|---|---|
| Benton Tax Assessor | |
| Website | www.arcountydata.com |