Holiday Island, Carroll County, Arkansas Property Taxes
Property Taxes in Holiday Island, Arkansas
Median Holiday Island, Arkansas effective property tax rate: 0.67%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median Holiday Island, Arkansas home value: $190,125
Median annual Holiday Island, Arkansas tax bill: $1,150, lower than the national median property tax bill of $2,400.
How are property taxes in Carroll calculated?
Property taxes in Holiday Island, Arkansas 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 April 13, 2026
Holiday Island, Carroll County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.67%
Estimate Property Tax Bill
$1,274
$1,182
How Does the Holiday Island Property Tax Calculator Work?
Use this Holiday Island property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Holiday Island's median effective tax rate of 0.67% — based on actual property records in Carroll County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Holiday Island's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Holiday Island: rates range from 0.67% in 72631 to 0.67% in 72631, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Holiday Island.
About Holiday Island Property Taxes
About Property Taxes in Holiday Island, Carroll, Arkansas
Holiday Island’s median effective property tax rate of 0.67% is lower than the Arkansas state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Carroll County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Holiday Island. Homeowners in the 72631 ZIP code carry a median effective rate of 0.67%, while those in the lowest ZIP code pay 0.67%. This spread reflects how school district boundaries and local assessment districts are drawn across Carroll County. Understanding which part of Holiday Island you live in can make a meaningful difference to your annual tax bill.
Holiday Island homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the August 17, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Holiday Island, Carroll County, Arkansas
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? 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, 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.
Our median effective property tax rate (tax bill Ă· 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%
Our median effective property tax rate (tax bill Ă· 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
0.64%
Median Effective Arkansas Tax Rate
0.81%
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 | 0.26% | 0.44% | 0.67% | 0.92% | 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 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.
Assessment notices:
In Carroll County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of July.
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. For example, the median home price in Holiday Island is $190,125, with tax bills ranging significantly across the county. Zip code 72631 has the highest median home price at $190,125.
Property Tax Assessment Values Across Holiday Island, Carroll County, Arkansas
Source: Ownwell
$101,750
$167,650
$233,550
Median Holiday Island Market Value
$190,125
Median Carroll County Market Value
$141,750
Median Arkansas Market Value
$118,750
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 | $55,150 | $124,275 | $190,125 | $255,788 | $342,325 |
Source: Ownwell
Property Tax Bills Across Holiday Island, Carroll County, Arkansas
Holiday Island property tax bills are based on the assessed value of a home and the local tax rate set by the county and other taxing authorities. When a property is reassessed, the taxable value can change, which may raise or lower the bill. For homeowners, the final amount depends on the market value of the home, any exemptions that apply, and the combined rates used to fund local services.
With a median home price of $190,125, tax bills in Holiday Island can vary widely. The 25th percentile tax bill is $675, while the 75th percentile is $1,752 and the 90th percentile reaches $2,455. The median tax bill in ZIP code 72631 is $1,150, which is below the national median property tax bill of $2,400. That means many homeowners in Holiday Island pay less than the typical U.S. homeowner, but even modest changes in assessed value can still affect annual housing costs.
Median Holiday Island Tax Bill
$1,150
Median Carroll County Tax Bill
$791
Median Arkansas Tax Bill
$870
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 | $218 | $675 | $1,150 | $1,752 | $2,455 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 17 |
Links | |
|---|---|
| Carroll Tax Assessor | |
| Website | www.actdatascout.com |