Berryville, Carroll County, Arkansas Property Taxes

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

Median Berryville, AR effective property tax rate: 0.65%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Berryville, AR home value: $125,750
Median annual Berryville, AR tax bill: $757, $1,643 lower than the national median property tax bill of $2,400.

How are property taxes in Carroll calculated?

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

Last Updated March 1, 2025

Berryville, Carroll County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.65%

Estimate Property Tax Bill

$817

$759

Ownwell’s Berryville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Berryville with just two data points. By entering your property's estimated assessed value, our calculator applies Berryville’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 Carroll County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Berryville, Carroll County, Arkansas

Local government entities are responsible for setting property tax rates, which can differ significantly even within the same state. This variation occurs because each county annually estimates the budget needed to provide essential services and divides it by the total value of all taxable property within its jurisdiction, leading to the establishment of the property tax rate. Although the process involves votes and laws to finalize tax rates and budgets, this is the core of the annual procedure. Berryville in Carroll County, Arkansas, presents an interesting case when examining property tax rates. The effective property tax rate in Berryville can be compared to other cities within Arkansas, as well as to the state and national medians. Arkansas has a median property tax rate of 0.65%, which is lower than the national median rate of 1.02%. Berryville’s rate aligns with the state median, offering residents a relatively lower tax burden compared to many other parts of the country. This makes Berryville an attractive location for homeowners looking to minimize property tax expenses.

Property Tax Rates Across Berryville, Carroll County, Arkansas

Source: Ownwell

0.55%

0.64%

0.73%

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 Berryville Tax Rate

0.65%

Median Effective Carroll County Tax Rate

0.66%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Berryville, Carroll County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72616	0.25%	0.43%	0.65%	0.89%	1.09%

Source: Ownwell

Property Tax Assessment Values Across Berryville, Carroll County, Arkansas

When examining property taxes in Berryville, 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 Carroll 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 Carroll 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 Berryville. For example, the median home price in Berryville is $125,750, with tax bills ranging significantly across the county. Zip code 72616 has the highest median home price at $125,750.

Property Tax Assessment Values Across Berryville, Carroll County, Arkansas

Source: Ownwell

$72,450

$154,063

$235,675

Median Berryville Market Value

$125,750

Median Carroll County Market Value

$140,725

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Berryville, Carroll County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72616	$23,230	$65,500	$125,750	$185,925	$269,020

Source: Ownwell

Property Tax Bills Across Berryville, Carroll County, Arkansas

In Berryville, Carroll County, AR, property tax bills are calculated based on the assessed value of a home, which is determined as a percentage of the market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Homeowners in Berryville experience a median property tax bill of $757, which is significantly lower than the national median of $2,400. Factors like property size, location, and improvements can influence the assessed value, impacting the tax bill. For homeowners, this means that any increase in property value or changes in tax rates can lead to higher taxes.

Ownwell offers valuable assistance to homeowners by identifying possible areas for tax savings. Through a thorough analysis of property assessments and local tax regulations, Ownwell helps in filing appeals to reduce over-assessed property values. By doing so, homeowners can potentially lower their tax bills, ensuring they are not overpaying. With Ownwell's expertise, homeowners in Berryville can navigate the complexities of property taxes with confidence and ease.

Property Tax Bills Across Berryville, Carroll County, Arkansas

Source: Ownwell

$435

$961

$1,487

Median Berryville Tax Bill

$757

Median Carroll County Tax Bill

$850

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Berryville, Carroll County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72616	$136	$361	$757	$1,341	$2,106

Source: Ownwell