Thornton, Calhoun County, Arkansas Property Taxes
Median Thornton, AR effective property tax rate: 0.97%, slightly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Thornton, AR home value: $35,250
Median annual Thornton, AR tax bill: $329, $2,071 lower than the national median property tax bill of $2,400.
How are property taxes in Calhoun County calculated?
Property taxes in Thornton, 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 Thornton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Thornton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Thornton, Calhoun County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.97%
Estimate Property Tax Bill
$342
$317
Property Tax Rates Across Thornton, Calhoun County, Arkansas
Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each year, counties estimate their required budget to provide essential services and divide it by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the core of the annual process.
In Thornton, located in Calhoun County, Arkansas, the effective property tax rate is an important consideration for property owners. When compared to other cities in Arkansas, Thornton's rate offers insight into the local tax landscape. The median property tax rate in Arkansas is slightly below the national median of 1.02%, reflecting a more favorable tax environment for property owners in the state. This can be an attractive factor for potential homeowners or investors looking to manage their property tax expenses effectively. Understanding these rates is crucial for making informed decisions about property ownership in Thornton and the broader Arkansas region.
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 Thornton Tax Rate
0.97%
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 Calhoun County Tax Rate
0.90%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Thornton, Calhoun County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71766 | 0.86% | 0.86% | 0.97% | 0.98% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Thornton, Calhoun County, Arkansas
When examining property taxes in Thornton, 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 Calhoun 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 Calhoun County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Thornton.
For example, the median home price in Thornton is $35,250, with tax bills ranging significantly across the county. The zip code 71766 has the highest median home price at $35,250.
Property Tax Assessment Values Across Thornton, Calhoun County, Arkansas
Source: Ownwell
$29,300
$42,038
$54,775
Median Thornton Market Value
$35,250
Median Calhoun County Market Value
$38,000
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Thornton, Calhoun County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71766 | $5,115 | $15,825 | $35,250 | $57,688 | $85,070 |
Source: Ownwell
Property Tax Bills Across Thornton, Calhoun County, Arkansas
Median Thornton Tax Bill
$329
Median Calhoun County Tax Bill
$351
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Thornton, Calhoun County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71766 | $64 | $168 | $329 | $538 | $807 |
Source: Ownwell