Hiwasse, Benton County, Arkansas Property Taxes
Median Hiwasse, AR effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Hiwasse, AR home value: $175,742
Median annual Hiwasse, AR tax bill: $1,323, $1,077 lower than the national median property tax bill of $2,400.
How are property taxes in Benton County calculated?
Property taxes in Hiwasse, 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 Hiwasse’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hiwasse, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hiwasse, Benton County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.76%
Estimate Property Tax Bill
$1,336
$1,239
Property Tax Rates Across Hiwasse, Benton County, Arkansas
Local government entities are responsible for setting property tax rates, which can vary significantly within a state. Each county, including Benton County, estimates its required budget annually to provide essential services. This budget is then divided by the total value of all taxable property within the county, resulting in the property tax rate. While the process involves votes and laws, this is essentially how it works each year.
Hiwasse, located in Benton County, Arkansas, has an effective property tax rate that aligns with the county's median rate of 0.76%. This rate is lower than the national median property tax rate of 1.02%. The uniformity in Benton County's tax rates is noteworthy, as Hiwasse shares the same rate with other areas in the county. This consistency can be advantageous for property owners looking to manage their tax liabilities effectively.
Comparing Hiwasse's property tax rate to the national median highlights a favorable tax environment for residents. With the national median property tax bill at $2,400, the lower rate in Hiwasse can result in significant savings for homeowners. This makes Hiwasse an attractive place for those seeking affordable property tax rates.
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 Hiwasse Tax Rate
0.76%
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 Hiwasse, Benton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72739 | 0.53% | 0.66% | 0.76% | 0.89% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Hiwasse, Benton County, Arkansas
When examining property taxes in Hiwasse, 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 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 Hiwasse.
For example, the median home price in Hiwasse is $175,742, with tax bills ranging significantly across the county. Zip code 72739 has the highest median home price at $175,742.
Property Tax Assessment Values Across Hiwasse, Benton County, Arkansas
Source: Ownwell
$89,882
$249,991
$410,100
Median Hiwasse Market Value
$175,742
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 Hiwasse, Benton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72739 | $73,115 | $102,075 | $175,742 | $234,100 | $303,950 |
Source: Ownwell
Property Tax Bills Across Hiwasse, Benton County, Arkansas
Median Hiwasse Tax Bill
$1,323
Median Benton County Tax Bill
$2,090
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Hiwasse, Benton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72739 | $449 | $787 | $1,323 | $1,856 | $2,445 |
Source: Ownwell