Harrison, Carroll County, Arkansas Property Taxes

Local government entities set tax rates, which can vary widely within a state. 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, in a nutshell, this is the annual process. Below, you can compare Harrison’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.

Harrison, located in Boone County, Arkansas, has an effective property tax rate that stands out when compared to the national average. The median property tax rate in Arkansas is 0.56%, significantly lower than the national median of 1.02%. This difference can mean substantial savings for property owners in Harrison, as they benefit from one of the lowest property tax rates in the country. However, it's important for homeowners to stay informed about potential changes in their property assessments, which could affect their tax bills. Understanding these dynamics can help residents make informed decisions about their properties and finances.

In Harrison, located in Carroll County, AR, property tax bills are determined by assessing a property's value and applying the local tax rate. The assessed value is typically a percentage of the market value, and this figure is crucial in calculating the final tax bill. For homeowners in Harrison, the tax bill can vary significantly. For instance, the 25th percentile tax bill is $437, while the 75th percentile reaches $1,359, and the 90th percentile goes up to $2,823. These figures show a wide range in tax obligations, reflecting differences in property values and assessments.

Compared to the national median property tax bill of $2,400, Harrison's tax bills can be considerably lower or higher, depending on the specific property. This variability can impact homeowners' financial planning and budgeting. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By leveraging expert knowledge and local insights, Ownwell ensures that homeowners pay only their fair share, potentially reducing their tax burden and increasing savings.