Maysville, Benton County, Arkansas Property Taxes
Median Maysville, AR effective property tax rate: 0.67%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Maysville, AR home value: $146,150
Median annual Maysville, AR tax bill: $1,018, $1,382 lower than the national median property tax bill of $2,400.
How are property taxes in Benton calculated?
Property taxes in Maysville, 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 Maysville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Maysville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Maysville, Benton County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.67%
Estimate Property Tax Bill
$979
$909
Property Tax Rates Across Maysville, Benton County, Arkansas
Local government entities set property tax rates, which can vary significantly within a state. Each county annually estimates the budget needed to provide essential services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell.
You can compare Maysville’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S. Maysville, located in Benton County, has a median property tax rate of 0.67%, which is notably lower than the national median of 1.02%. This makes Maysville an attractive location for property owners looking to save on taxes. The effective tax rates in Maysville are consistent across the region, with other areas in the county sharing similar rates. This consistency can provide a sense of financial predictability for property owners, contributing to the appeal of residing in this area. Understanding these rates can help property owners make informed decisions about their investments and potential savings.
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 Maysville Tax Rate
0.67%
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 Maysville, Benton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72747 | 0.57% | 0.62% | 0.67% | 0.76% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Maysville, Benton County, Arkansas
When examining property taxes in Maysville, 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 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 Maysville.
For example, the median home price in Maysville is $146,150, with tax bills ranging significantly across the county. Zip code 72747 has the highest median home price at $146,150.
Property Tax Assessment Values Across Maysville, Benton County, Arkansas
Source: Ownwell
$89,882
$249,991
$410,100
Median Maysville Market Value
$146,150
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 Maysville, Benton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72747 | $61,870 | $98,350 | $146,150 | $264,100 | $352,552 |
Source: Ownwell
Property Tax Bills Across Maysville, Benton County, Arkansas
Median Maysville Tax Bill
$1,018
Median Benton County Tax Bill
$2,090
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Maysville, Benton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72747 | $453 | $652 | $1,018 | $1,721 | $2,349 |
Source: Ownwell