Pea Ridge, Benton County, Arkansas Property Taxes

Name: Property Tax Bills Across Pea Ridge, Benton County, Arkansas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median PEA RIDGE, AR effective property tax rate: 1.00%, slightly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median PEA RIDGE, AR home value: $194,050
Median annual PEA RIDGE, AR tax bill: $1,888, $512 lower than the national median property tax bill of $2,400.

How are property taxes in Benton calculated?

Property taxes in PEA RIDGE, 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 PEA RIDGE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in PEA RIDGE, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Pea Ridge, Benton County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

Estimate Property Tax Bill

$1,941

$1,801

Ownwell’s PEA RIDGE Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in PEA RIDGE with just two data points. By entering your property's estimated assessed value, our calculator applies PEA RIDGE’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Benton County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Pea Ridge, Benton County, Arkansas

Local government entities determine property tax rates, and these can differ significantly within Arkansas. Each year, counties like Benton estimate their budgetary needs to provide essential services and then divide this by the total assessed value of all taxable property within their boundaries. This calculation determines the property tax rate. Although the process involves votes and legislation, this is the core of how annual property tax rates are set. Pea Ridge in Benton County has an effective property tax rate of 1.00%, which aligns with the highest median tax rate in the state. This is slightly below the national median property tax rate of 1.02%. While Pea Ridge’s rate is consistent with other areas in Arkansas, it offers a slight advantage compared to the national landscape. Understanding these rates can help property owners in Pea Ridge make informed decisions about their property tax obligations.

Property Tax Rates Across Pea Ridge, Benton County, Arkansas

Source: Ownwell

0.67%

0.95%

1.23%

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 Pea Ridge Tax Rate

1.00%

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 Pea Ridge, Benton County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72751	0.70%	0.84%	1.00%	1.14%	1.14%

Source: Ownwell

Property Tax Assessment Values Across Pea Ridge, Benton County, Arkansas

When examining property taxes in Pea Ridge, 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 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 Pea Ridge.

For example, the median home price in Pea Ridge is $194,050, with tax bills ranging significantly across the county. Zip code 72751 has the highest median home price at $194,050.

Property Tax Assessment Values Across Pea Ridge, Benton County, Arkansas

Source: Ownwell

$89,882

$249,991

$410,100

Median Pea Ridge Market Value

$194,050

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 Pea Ridge, Benton County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72751	$91,890	$151,150	$194,050	$247,050	$298,651

Source: Ownwell

Property Tax Bills Across Pea Ridge, Benton County, Arkansas

In Pea Ridge, AR, located in Benton County, property tax bills are calculated based on the assessed value of a home, which is a percentage of the property's market value. The median home price is $194,050. The property tax rate is applied to this assessed value to determine the tax bill. Factors such as location and property improvements can influence the assessed value. In Pea Ridge, the median property tax bill is $1,888, which is below the national median of $2,400. However, homeowners in the 75th percentile pay around $2,682, while those in the 90th percentile can see bills as high as $3,176. For homeowners, these taxes can significantly impact annual expenses. Ownwell offers services that help homeowners reduce their property tax bills by identifying potential savings through appeals and exemptions. By analyzing individual property assessments, Ownwell ensures homeowners are not overpaying, potentially saving hundreds or even thousands of dollars annually.

Property Tax Bills Across Pea Ridge, Benton County, Arkansas

Source: Ownwell

$702

$2,427

$4,151

Median Pea Ridge Tax Bill

$1,888

Median Benton County Tax Bill

$2,090

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Pea Ridge, Benton County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72751	$771	$1,267	$1,888	$2,682	$3,176

Source: Ownwell

Don't miss the deadline to appeal!

Dates

Links
Benton Tax Assessor
Website	www.arcountydata.com