Harrison, Carroll County, Arkansas Property Taxes
Median Harrison, AR effective property tax rate: 0.56%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Harrison, AR home value: $179,800
Median annual Harrison, AR tax bill: $735, $1,665 lower than the national median property tax bill of $2,400.
How are property taxes in Carroll County calculated?
Property taxes in Harrison, 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 Harrison’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Harrison, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Harrison, Carroll County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.56%
Estimate Property Tax Bill
$1,007
$934
Property Tax Rates Across Harrison, Carroll County, Arkansas
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.
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 Harrison Tax Rate
0.56%
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 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 Harrison, Carroll County, Arkansas
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
72601 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Harrison, Carroll County, Arkansas
When examining property taxes in Harrison, AR, 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 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 Harrison.
For example, the median home price in Harrison is $179,800, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Harrison, Carroll County, Arkansas
Source: Ownwell
$72,450
$154,063
$235,675
Median Harrison Market Value
$179,800
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 Harrison, Carroll County, Arkansas
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
72601 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Harrison, Carroll County, Arkansas
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.
Median Harrison Tax Bill
$735
Median Carroll County Tax Bill
$850
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Harrison, Carroll County, Arkansas
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
72601 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell