Eureka Springs, Carroll County, Arkansas Property Taxes

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

Median Eureka Springs, AR effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Eureka Springs, AR home value: $208,325
Median annual Eureka Springs, AR tax bill: $1,281, $1,119 lower than the national median property tax bill of $2,400.

How are property taxes in Carroll County calculated?

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

Last Updated March 1, 2025

Eureka Springs, Carroll County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.68%

Estimate Property Tax Bill

$1,417

$1,315

Ownwell’s Eureka Springs Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Eureka Springs with just two data points. By entering your property's estimated assessed value, our calculator applies Eureka Springs’ 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 Eureka Springs, Carroll County, Arkansas

Local government entities set tax rates, which can vary widely within a state. This is because 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, this is the annual process in a nutshell.

Below, you can compare Eureka Springs’ effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S. Eureka Springs, located in Carroll County, has a median property tax rate of 0.68%, which is below the national median of 1.02%. Within the county, the highest median tax rate is 0.71% in the 72631 zip code, and the lowest is 0.67% in the 72632 zip code. This difference reflects the variability in tax rates even within a single county. Understanding these rates can help property owners make informed decisions about their property tax appeals and exemptions.

Property Tax Rates Across Eureka Springs, 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 Eureka Springs Tax Rate

0.68%

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 Eureka Springs, Carroll County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72631	0.27%	0.47%	0.71%	0.91%	0.96%
72632	0.29%	0.44%	0.67%	0.83%	0.96%

Source: Ownwell

Property Tax Assessment Values Across Eureka Springs, Carroll County, Arkansas

When examining property taxes in Eureka Springs, 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 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 May. 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 Eureka Springs. For example, the median home price in Eureka Springs is $208,325, with tax bills ranging significantly across the county. The 72631 zip code has the highest median home price at $235,675.

Property Tax Assessment Values Across Eureka Springs, Carroll County, Arkansas

Source: Ownwell

$72,450

$154,063

$235,675

Median Eureka Springs Market Value

$208,325

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 Eureka Springs, Carroll County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72631	$55,050	$118,488	$235,675	$391,938	$547,885
72632	$60,920	$124,925	$197,550	$294,450	$419,930

Source: Ownwell

Property Tax Bills Across Eureka Springs, Carroll County, Arkansas

In Eureka Springs, Carroll County, AR, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the tax bill. Factors such as property location and market trends significantly influence the assessed value. The median home price in Eureka Springs is $208,325, with tax bills ranging widely. For instance, the 25th percentile tax bill is $675, while the 75th percentile is $2,157, and the 90th percentile reaches $3,491. These figures are below the national median property tax bill of $2,400, making this area relatively affordable for homeowners. However, even with lower rates, homeowners can still benefit from savings. Ownwell assists homeowners by identifying potential errors in assessments and ensuring eligible exemptions are applied, potentially reducing their tax burden. By leveraging expert knowledge, Ownwell helps homeowners navigate the complexities of property tax appeals, ensuring they pay only what is fair and necessary.

Property Tax Bills Across Eureka Springs, Carroll County, Arkansas

Source: Ownwell

$435

$961

$1,487

Median Eureka Springs Tax Bill

$1,281

Median Carroll County Tax Bill

$850

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Eureka Springs, Carroll County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72631	$258	$666	$1,487	$2,745	$4,225
72632	$298	$678	$1,216	$1,926	$3,004

Source: Ownwell