Garfield, Carroll County, Arkansas Property Taxes

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

Median Garfield, AR effective property tax rate: 0.96%, significantly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Garfield, AR home value: $24,250
Median annual Garfield, AR tax bill: $233, $2,167 lower than the national median property tax bill of $2,400.

How are property taxes in Carroll calculated?

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

Last Updated March 1, 2025

Garfield, Carroll County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.96%

Estimate Property Tax Bill

$233

$216

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

Property Tax Rates Across Garfield, Carroll County, Arkansas

Local government entities set tax rates, which can vary widely within a state. This is because each county annually 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, in a nutshell, this is the annual process. In Garfield, located in Benton County, Arkansas, the effective property tax rate is 0.60%, which is significantly lower than the national median rate of 1.02%. When compared to the rest of Arkansas, Garfield's rate is also lower than the state's median property tax rate of 0.61%. This can result in considerable savings for property owners in Garfield when compared to the national median property tax bill of $2,400. Lower property taxes can make Garfield an attractive option for homeowners looking to reduce their annual expenses, offering a financial advantage in a state where property tax rates are already below the national average.

Property Tax Rates Across Garfield, 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 Garfield Tax Rate

0.96%

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 Garfield, Carroll County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72732	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Garfield, Carroll County, Arkansas

When examining property taxes in Garfield, 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 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 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 Garfield.

For example, the median home price in Garfield is $24,250, with tax bills ranging significantly across the county. The national median property tax bill is $2,400, highlighting the variance in property tax obligations.

Property Tax Assessment Values Across Garfield, Carroll County, Arkansas

Source: Ownwell

$72,450

$154,063

$235,675

Median Garfield Market Value

$24,250

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 Garfield, Carroll County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72732	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Garfield, Carroll County, Arkansas

In Garfield, located in Carroll County, Arkansas, property tax bills are determined by assessing the taxable value of a home and applying the local tax rate. The taxable value is derived from a percentage of the property's market value, which is considerably lower than the national median. With a median home price of $24,250, the property tax bills in Garfield are significantly below the national median property tax bill of $2,400. Most homeowners in Garfield face a property tax bill around $233, reflecting the lower property values and tax rates in the area.

Factors influencing the tax bill include the assessed value of the property and any applicable exemptions that may reduce the taxable amount. For homeowners, these tax bills can impact the overall affordability of homeownership, especially when combined with other housing costs.

Ownwell can assist homeowners in Garfield by identifying potential savings through property tax appeals or exemptions, ensuring they are not overpaying. By leveraging expert knowledge and local data, Ownwell helps homeowners navigate and potentially reduce their property tax liabilities, making homeownership more affordable.

Property Tax Bills Across Garfield, Carroll County, Arkansas

Source: Ownwell

$435

$961

$1,487

Median Garfield Tax Bill

$233

Median Carroll County Tax Bill

$850

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Garfield, Carroll County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72732	N/A	N/A	N/A	N/A	N/A

Source: Ownwell