Cherry Valley, Cross County, Arkansas Property Taxes
Property Taxes in Cherry Valley, Arkansas
Median Cherry Valley, Arkansas effective property tax rate: 0.77%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median Cherry Valley, Arkansas home value: $52,200
Median annual Cherry Valley, Arkansas tax bill: $343, $2,057 lower than the national median property tax bill of $2,400.
How are property taxes in Cross calculated?
Property taxes in Cherry Valley, 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 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 April 13, 2026
Cherry Valley, Cross County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.77%
Estimate Property Tax Bill
$402
$373
How Does the Cherry Valley Property Tax Calculator Work?
Use this Cherry Valley property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Cherry Valley's median effective tax rate of 0.77% — based on actual property records in Cross 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 Cherry Valley'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 Cherry Valley: rates range from local differences in school district levies and assessment districts. Cherry Valley's median property tax bill is $343, which is lower than the Arkansas median tax rate of 0.81% and far below the national median property tax bill of $2,400.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Cherry Valley.
About Cherry Valley Property Taxes
About Property Taxes in Cherry Valley, Cross, Arkansas
Cherry Valley's median effective property tax rate of 0.77% is lower than the Arkansas state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Cross 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 Cherry Valley. Homeowners in different parts of the city can face different tax burdens depending on how school district boundaries and local assessment districts are drawn across Cross County. Understanding where your home sits can make a meaningful difference to your annual tax bill.
Cherry Valley homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before August 17, 2026.
If your estimated bill 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 Cherry Valley, Cross 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 Cherry Valley'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 ÷ 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
0.77%
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 Cross County Tax Rate
0.70%
Median Effective Arkansas Tax Rate
0.81%
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 | N/A | N/A | N/A | N/A | N/A |
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 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 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 $52,200, with tax bills ranging significantly across the county. The median tax bill is $343, compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400.
Property Tax Assessment Values Across Cherry Valley, Cross County, Arkansas
Source: Ownwell
$74,825
$74,825
$74,825
Median Cherry Valley Market Value
$52,200
Median Cross County Market Value
$66,200
Median Arkansas Market Value
$118,750
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 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Cherry Valley, Cross County, Arkansas
How are property tax bills calculated in Cherry Valley?
Property tax bills in Cherry Valley are based on the assessed value of a home and the local tax rate set by taxing authorities. The assessed value is used to determine how much tax a homeowner owes, and that amount can change when a property’s market value changes or when local rates are adjusted. For homeowners, this means a higher assessed value can lead to a larger tax bill, while a lower assessed value can reduce it.
What factors affect the tax bill in Cherry Valley?
Several factors can influence the final bill, including the home’s market value, assessment practices, and the tax rates applied by local governments. With a median home price of $52,200, Cherry Valley homeowners often see bills that vary widely based on where their property falls within the local range. The 25th percentile tax bill is $132, the 75th percentile is $758, and the 90th percentile is $1,442. Compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400, many homeowners here pay less, but the bill still directly affects monthly housing costs.
Median Cherry Valley Tax Bill
$343
Median Cross County Tax Bill
$414
Median Arkansas Tax Bill
$870
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 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 17 |
Links | |
|---|---|
| Cross Tax Assessor | |
| Website | www.actdatascout.com |