Cherry Valley, Cross County, Arkansas Property Taxes

Name: Property Tax Bills Across Cherry Valley, Cross County, Arkansas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Cherry Valley, AR effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Cherry Valley, AR home value: $52,250
Median annual Cherry Valley, AR tax bill: $359, $2,041 lower than the national median property tax bill of $2,400.

How are property taxes in Cross County calculated?

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

Last Updated March 1, 2025

Cherry Valley, Cross County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.72%

Estimate Property Tax Bill

$376

$349

Ownwell’s Cherry Valley Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cherry Valley with just two data points. By entering your property's estimated assessed value, our calculator applies Cherry Valley’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 Cross County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cherry Valley, Cross County, Arkansas

Local government entities set tax rates, which can vary widely within a state. This is because annually, each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is essentially the annual process. In Cherry Valley, located in Cross County, Arkansas, the effective property tax rate stands at 0.72%. This is lower than the national median property tax rate of 1.02%, offering a more affordable property tax environment compared to many other parts of the country. The median property tax rate in Arkansas also reflects this trend, aligning with Cherry Valley's rate. This makes Cherry Valley an attractive option for property owners looking to minimize their tax burden while enjoying the benefits of local services.

Property Tax Rates Across Cherry Valley, Cross County, Arkansas

Source: Ownwell

0.72%

0.86%

0.99%

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 Cherry Valley Tax Rate

0.72%

Median Effective Cross County Tax Rate

0.77%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cherry Valley, Cross County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72324	0.13%	0.32%	0.72%	0.99%	1.08%

Source: Ownwell

Property Tax Assessment Values Across Cherry Valley, Cross County, Arkansas

When examining property taxes in Cherry Valley, 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 Cross 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 Cross 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 Cherry Valley. For example, the median home price in Cherry Valley is $52,250, with tax bills ranging significantly across the county. Zip code 72324 has the highest median home price at $52,250.

Property Tax Assessment Values Across Cherry Valley, Cross County, Arkansas

Source: Ownwell

$25,850

$49,700

$73,550

Median Cherry Valley Market Value

$52,250

Median Cross County Market Value

$66,000

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cherry Valley, Cross County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72324	$13,300	$30,812	$52,250	$97,762	$161,535

Source: Ownwell

Property Tax Bills Across Cherry Valley, Cross County, Arkansas

In Cherry Valley, located in Cross County, Arkansas, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value, and for Cherry Valley, the tax rate is relatively low compared to the national median property tax rate of 1.02%. Homeowners in Cherry Valley can expect a median tax bill of $359, which is significantly lower than the national median property tax bill of $2,400. Factors such as the home's size, location, and condition can influence the assessed value, thus affecting the final tax bill. For homeowners looking to reduce their property tax burden, Ownwell offers expert services to appeal and potentially lower their tax bills. By conducting thorough market analysis and leveraging local tax laws, Ownwell ensures that homeowners are not overpaying. This can result in substantial savings, especially for those with tax bills at the higher end of the spectrum, such as the 90th percentile bill of $1,473.

Property Tax Bills Across Cherry Valley, Cross County, Arkansas

Source: Ownwell

$146

$338

$529

Median Cherry Valley Tax Bill

$359

Median Cross County Tax Bill

$467

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Cherry Valley, Cross County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72324	$50	$143	$359	$741	$1,473

Source: Ownwell