Little Flock, Benton County, Arkansas Property Taxes
Median Little Flock, AR effective property tax rate: 1.14%, significantly higher than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Little Flock, AR home value: $317,050
Median annual Little Flock, AR tax bill: $3,365, $965 higher than the national median property tax bill of $2,400.
How are property taxes in Benton calculated?
Property taxes in Little Flock, 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 Little Flock’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Little Flock, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Little Flock, Benton County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.14%
Estimate Property Tax Bill
$3,614
$3,354
Property Tax Rates Across Little Flock, Benton County, Arkansas
Local government entities set tax rates, which can vary widely within a state. 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 Little Flock’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.
In Little Flock, located in Benton County, property owners face an effective tax rate that reflects the local government's budgetary needs. Arkansas’s median property tax rate stands at 0.61%, significantly lower than the national median of 1.02%. This means property owners in Little Flock generally enjoy a more favorable tax environment compared to many other regions across the country. With a median property tax bill of $1,300, Arkansas property owners pay less than the national median bill of $2,400. Understanding these differences can help property owners make informed decisions about their investments and financial planning.
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 Little Flock Tax Rate
1.14%
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 Little Flock, Benton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72756 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Little Flock, Benton County, Arkansas
When examining property taxes in Little Flock, AR, 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 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 Little Flock. For example, the median home price in Little Flock is $317,050, with tax bills ranging significantly across the county. 72758 has the highest median home price at $317,050.
Property Tax Assessment Values Across Little Flock, Benton County, Arkansas
Source: Ownwell
$89,882
$249,991
$410,100
Median Little Flock Market Value
$317,050
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 Little Flock, Benton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72756 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Little Flock, Benton County, Arkansas
In Little Flock, located in Benton County, Arkansas, property tax bills are calculated by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, which is influenced by factors such as location, property size, and market conditions. Homeowners in Little Flock face a range of property tax bills, with the 25th percentile at $1,718 and the 75th percentile reaching $5,013. This variation highlights the impact of differing property values and tax rates on individual tax liabilities. Compared to the national median property tax bill of $2,400, Little Flock homeowners may experience both lower and higher tax burdens.
Ownwell offers a solution for homeowners looking to reduce their property tax bills. By providing property tax appeal and exemption services, Ownwell helps ensure that homeowners are not overpaying. Our expertise in analyzing property assessments allows us to identify discrepancies and advocate for fair assessments, potentially leading to significant savings on annual property tax bills.
Median Little Flock Tax Bill
$3,365
Median Benton County Tax Bill
$2,090
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Little Flock, Benton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72756 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell