New Edinburg, Cleveland County, Arkansas Property Taxes
Median New Edinburg, AR effective property tax rate: 0.94%, slightly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median New Edinburg, AR home value: $43,950
Median annual New Edinburg, AR tax bill: $404, $1,996 lower than the national median property tax bill of $2,400.
How are property taxes in Cleveland County calculated?
Property taxes in New Edinburg, 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 New Edinburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Edinburg, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
New Edinburg, Cleveland County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.94%
Estimate Property Tax Bill
$413
$383
Property Tax Rates Across New Edinburg, Cleveland 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 New Edinburg’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.
In New Edinburg, located in Cleveland County, the property tax rate aligns with the county's median rate of 0.94%, which is below the national median of 1.02%. This means residents here enjoy a relatively lower property tax burden compared to the national average. Such favorable rates can be an attractive aspect for property owners and potential buyers looking to invest in this region. The uniformity of the tax rate across the county ensures predictability for homeowners, which is beneficial for long-term financial planning. Comparing these rates with the national figures highlights the competitive advantage of owning property in New Edinburg.
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 New Edinburg Tax Rate
0.94%
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 Cleveland County Tax Rate
0.92%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across New Edinburg, Cleveland County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71660 | 0.66% | 0.78% | 0.94% | 0.94% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across New Edinburg, Cleveland County, Arkansas
When examining property taxes in New Edinburg, 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 Cleveland 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 Cleveland 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 New Edinburg.
For example, the median home price in New Edinburg is $43,950, with tax bills ranging significantly across the county. Zip code 71660 has the highest median home price at $43,950.
Property Tax Assessment Values Across New Edinburg, Cleveland County, Arkansas
Source: Ownwell
$30,050
$56,388
$82,725
Median New Edinburg Market Value
$43,950
Median Cleveland County Market Value
$55,200
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across New Edinburg, Cleveland County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71660 | $6,470 | $19,975 | $43,950 | $79,375 | $120,420 |
Source: Ownwell
Property Tax Bills Across New Edinburg, Cleveland County, Arkansas
Median New Edinburg Tax Bill
$404
Median Cleveland County Tax Bill
$492
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across New Edinburg, Cleveland County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71660 | $94 | $208 | $404 | $678 | $998 |
Source: Ownwell