Horseshoe Lake, Crittenden County, Arkansas Property Taxes
Median Horseshoe Lake, AR effective property tax rate: 0.95%, slightly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Horseshoe Lake, AR home value: $62,375
Median annual Horseshoe Lake, AR tax bill: $595, $1,805 lower than the national median property tax bill of $2,400.
How are property taxes in Crittenden County calculated?
Property taxes in Horseshoe Lake, 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 Horseshoe Lake’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Horseshoe Lake, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Horseshoe Lake, Crittenden County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.95%
Estimate Property Tax Bill
$593
$550
Property Tax Rates Across Horseshoe Lake, Crittenden 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 Horseshoe Lake’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.
Horseshoe Lake in Crittenden County is a unique area when it comes to property taxes. The median property tax rate in Arkansas is 0.95%, which is slightly below the national median rate of 1.02%. This means that residents of Horseshoe Lake may enjoy lower property tax rates compared to the national average, but it's important to consider how these rates compare to other localities within the state. By understanding these differences, homeowners can make informed decisions about property investments and financial planning.
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 Horseshoe Lake Tax Rate
0.95%
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 Crittenden County Tax Rate
0.76%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Horseshoe Lake, Crittenden County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72348 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Horseshoe Lake, Crittenden County, Arkansas
When examining property taxes in Horseshoe Lake, 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 Crittenden County Assessor's Office 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 Crittenden 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 Horseshoe Lake.
For example, the median home price in Horseshoe Lake is $62,375, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Horseshoe Lake, Crittenden County, Arkansas
Source: Ownwell
$29,850
$96,300
$162,750
Median Horseshoe Lake Market Value
$62,375
Median Crittenden County Market Value
$81,700
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Horseshoe Lake, Crittenden County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72348 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Horseshoe Lake, Crittenden County, Arkansas
In Horseshoe Lake, located in Crittenden County, Arkansas, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in this area often face property tax bills that vary significantly, with the 25th percentile bill at $475 and the 75th percentile reaching $715. These figures are notably lower than the national median property tax bill of $2,400. However, the tax rate and assessed home values can fluctuate, impacting the amount homeowners are required to pay annually.
For homeowners looking to reduce their property tax burden, Ownwell offers valuable services. By conducting a thorough review of your property's assessed value, Ownwell identifies potential discrepancies and files appeals on your behalf. This can lead to significant savings, ensuring you only pay your fair share. Additionally, Ownwell assists in exploring available exemptions, further reducing your tax liability. With expert guidance, homeowners in Horseshoe Lake can effectively manage their property tax expenses and achieve peace of mind.
Median Horseshoe Lake Tax Bill
$595
Median Crittenden County Tax Bill
$662
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Horseshoe Lake, Crittenden County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72348 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell