Property Taxes in El Paso, Arkansas
Median El Paso, Arkansas effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median El Paso, Arkansas home value: $223,650
Median annual El Paso, Arkansas tax bill: $1,529, $871 lower than the national median property tax bill of $2,400.
How are property taxes in Faulkner calculated?
Property taxes in El Paso, 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 El Paso's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in El Paso, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the El Paso Property Tax Calculator Work?
Use this El Paso property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies El Paso's median effective tax rate of 0.76% — based on actual property records in Faulkner 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 El Paso'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 El Paso: rates range from local differences in school district levies and assessment districts. Compared with the national median property tax rate of 1.02% and national median property tax bill of $2400, El Paso's median tax bill of $1529 is lower.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across El Paso.
About El Paso Property Taxes
About Property Taxes in El Paso, Faulkner, Arkansas
El Paso's median effective property tax rate of 0.76% is lower than the Arkansas state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Faulkner 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 El Paso. Homeowners in the highest ZIP code carry a median effective rate of 0.76%, while those in the lowest pay 0.76%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Faulkner County. Understanding which part of El Paso you live in can make a meaningful difference to your annual tax bill.
El Paso homeowners who believe their assessed value is too high can file a formal appeal with the local appraisal district before the August 17, 2026 deadline each year.
If your estimated bill above 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 El Paso, Faulkner 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 El Paso'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 Ă· 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 El Paso Tax Rate
0.76%
Our median effective property tax rate (tax bill Ă· 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 Faulkner County Tax Rate
0.76%
Median Effective Arkansas Tax Rate
0.81%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across El Paso, Faulkner County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72045 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across El Paso, Faulkner County, Arkansas
When examining property taxes in El Paso, 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 Faulkner 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.
Assessment notices:
In Faulkner County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of July.
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 El Paso.
For example, the median home price in El Paso is $223,650, with tax bills ranging significantly across the county. The median tax bill is $1,529, 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 El Paso, Faulkner County, Arkansas
Source: Ownwell
$19,500
$132,050
$244,600
Median El Paso Market Value
$223,650
Median Faulkner County Market Value
$196,550
Median Arkansas Market Value
$118,750
Median United States Market Value
$274,101
Property Tax Assessment Values Across El Paso, Faulkner County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72045 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across El Paso, Faulkner County, Arkansas
How are property tax bills calculated in El Paso?
Property tax bills in El Paso are based on the assessed value of a home, which is determined by local authorities and used to calculate the amount owed. The bill depends on the market value of the property, local tax rates, and any exemptions a homeowner may qualify for. When a home’s assessed value rises, the property tax bill can increase as well, even if the homeowner’s income stays the same.
What affects a homeowner’s property tax bill in El Paso?
For a home with a median value of $223,650, property tax bills in El Paso typically fall between $1,355 and $1,838, with higher-value homes reaching $2,373 at the 90th percentile. That compares with the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Homeowners should know that property taxes are a recurring cost tied to ownership, and changes in assessed value can directly affect monthly budgeting and long-term housing expenses.
Median El Paso Tax Bill
$1,529
Median Faulkner County Tax Bill
$1,409
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$3,209
Property Tax Bills Across El Paso, Faulkner County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72045 | 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 | |
|---|---|
| Faulkner Tax Assessor | |
| Website | www.arcountydata.com |