Holiday Island, Carroll County, Arkansas Property Taxes

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

Median HOLIDAY ISLAND, AR effective property tax rate: 0.67%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median HOLIDAY ISLAND, AR home value: $190,450
Median annual HOLIDAY ISLAND, AR tax bill: $1,238, $1,162 lower than the national median property tax bill of $2,400.

How are property taxes in Carroll County calculated?

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

Last Updated March 1, 2025

Holiday Island, Carroll County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.67%

Estimate Property Tax Bill

$1,276

$1,184

Ownwell’s Holiday Island Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Holiday Island with just two data points. By entering your property's estimated assessed value, our calculator applies Holiday Island’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 Holiday Island, 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 Holiday Island’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S. Holiday Island, located in Carroll County, has an effective property tax rate of 0.67%. This rate is significantly lower than the national median property tax rate of 1.02%. The median property tax bill in Holiday Island is also notably below the national median of $2400. This makes Holiday Island an attractive option for property owners seeking lower tax burdens. With such competitive rates, property owners in Holiday Island can enjoy the benefits of reduced tax expenses while still accessing essential services provided by the county.

Property Tax Rates Across Holiday Island, 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 Holiday Island Tax Rate

0.67%

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 Holiday Island, Carroll County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72631	0.36%	0.47%	0.67%	0.86%	0.96%

Source: Ownwell

Property Tax Assessment Values Across Holiday Island, Carroll County, Arkansas

When examining property taxes in Holiday Island, 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 Holiday Island.

For example, the median home price in Holiday Island is $190,450, with tax bills ranging significantly across the county. The 72631 zip code has the highest median home price at $190,450.

Property Tax Assessment Values Across Holiday Island, Carroll County, Arkansas

Source: Ownwell

$72,450

$154,063

$235,675

Median Holiday Island Market Value

$190,450

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 Holiday Island, Carroll County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72631	$54,590	$126,250	$190,450	$256,312	$342,875

Source: Ownwell

Property Tax Bills Across Holiday Island, Carroll County, Arkansas

In Holiday Island, located in Carroll County, Arkansas, property taxes are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $190,450. Homeowners in Holiday Island face a median property tax bill that varies significantly, with the 25th percentile at $777 and the 75th percentile at $1,772. This range indicates the variability in tax bills based on property values and specific assessments. The highest median tax bill recorded in the area is $1,238, which is notably below the national median property tax bill of $2,400.

These tax bills can have a substantial impact on homeowners, affecting their annual financial planning and overall housing costs. Ownwell assists homeowners by reviewing their property tax assessments and identifying potential inaccuracies or overvaluations. By filing appeals and seeking exemptions, Ownwell can help reduce property tax bills, ensuring homeowners only pay their fair share. This service can lead to significant savings, providing financial relief and peace of mind.

Property Tax Bills Across Holiday Island, Carroll County, Arkansas

Source: Ownwell

$435

$961

$1,487

Median Holiday Island Tax Bill

$1,238

Median Carroll County Tax Bill

$850

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Holiday Island, Carroll County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72631	$387	$777	$1,238	$1,772	$2,494

Source: Ownwell