Hickory Ridge, Cross County, Arkansas Property Taxes
Median Hickory Ridge, AR effective property tax rate: 0.99%, slightly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Hickory Ridge, AR home value: $43,675
Median annual Hickory Ridge, AR tax bill: $372, $2,028 lower than the national median property tax bill of $2,400.
How are property taxes in Cross County calculated?
Property taxes in Hickory Ridge, 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 Hickory Ridge’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hickory Ridge, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hickory Ridge, Cross County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.99%
Estimate Property Tax Bill
$432
$401
Property Tax Rates Across Hickory Ridge, Cross County, Arkansas
Local government entities set tax rates, which can vary widely within a state. 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 Hickory Ridge’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S. Hickory Ridge, located in Cross County, has a median property tax rate of 0.99%. This aligns with both the highest and lowest median tax rates in the area, making it consistent across the board. When compared to the national median property tax rate of 1.02%, Hickory Ridge stands slightly lower, offering a more affordable property tax environment. The national median property tax bill is $2,400, which serves as a benchmark for assessing the relative affordability of property taxes in Hickory Ridge. Understanding these rates can help residents and potential homeowners make informed decisions about property investments in the area.
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 Hickory Ridge Tax Rate
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 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 Hickory Ridge, Cross County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72347 | 0.15% | 0.52% | 0.99% | 0.99% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Hickory Ridge, Cross County, Arkansas
When examining property taxes in Hickory Ridge, 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 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.
In Cross 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 Hickory Ridge.
For example, the median home price in Hickory Ridge is $43,675, with tax bills ranging significantly across the county. Zip code 72347 has the highest median home price at $43,675.
Property Tax Assessment Values Across Hickory Ridge, Cross County, Arkansas
Source: Ownwell
$25,850
$49,700
$73,550
Median Hickory Ridge Market Value
$43,675
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 Hickory Ridge, Cross County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72347 | $13,560 | $25,150 | $43,675 | $88,562 | $177,615 |
Source: Ownwell
Property Tax Bills Across Hickory Ridge, Cross County, Arkansas
Property tax bills in Hickory Ridge, located in Cross County, Arkansas, are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is a percentage of the home's market value. With a median home price of $43,675, homeowners in this area can expect their property tax bills to vary significantly, with amounts ranging from $151 at the 25th percentile to $1,755 at the 90th percentile. The median tax bill stands at $372, which is considerably lower than the national median property tax bill of $2,400. These taxes fund essential public services like schools and infrastructure, impacting the community's quality of life.
Ownwell helps homeowners in Hickory Ridge by identifying opportunities to appeal their property taxes, potentially lowering their tax bills. By leveraging expertise in property tax assessments, Ownwell ensures that homeowners are not overpaying. This service can lead to significant savings, providing homeowners with financial relief and peace of mind.
Median Hickory Ridge Tax Bill
$372
Median Cross County Tax Bill
$467
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Hickory Ridge, Cross County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72347 | $55 | $151 | $372 | $815 | $1,755 |
Source: Ownwell