Guy, Faulkner County, Arkansas Property Taxes
Property Taxes in Guy, Arkansas
Median Guy, Arkansas effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median Guy, Arkansas home value: $120,050
Median annual Guy, Arkansas tax bill: $756, $1,644 lower than the national median property tax bill of $2,400.
How are property taxes in Faulkner calculated?
Property taxes in Guy, 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 Guy's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Guy, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Guy, Faulkner County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.75%
Estimate Property Tax Bill
$900
$836
How Does the Guy Property Tax Calculator Work?
Use this Guy property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Guy's median effective tax rate of 0.75% — 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 Guy'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 Guy: rates range from 0.75% in 72061 to 0.75% in 72061, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Guy.
About Guy Property Taxes
About Property Taxes in Guy, Faulkner, Arkansas
Guy’s median effective property tax rate of 0.75% 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 Guy. Homeowners in ZIP code 72061 carry a median effective rate of 0.75%, while those in the same ZIP code also pay 0.75%. This reflects how school district boundaries and local assessment districts are drawn across Faulkner County. Understanding where you live in Guy can still help you estimate your annual tax bill.
Guy homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the August 17, 2026 deadline each year.
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 Guy, 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 Guy'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 Guy Tax Rate
0.75%
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 Faulkner County Tax Rate
0.76%
Median Effective Arkansas Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Guy, Faulkner County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72061 | 0.50% | 0.64% | 0.75% | 0.96% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Guy, Faulkner County, Arkansas
When examining property taxes in Guy, 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 July 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. For example, the median home price in Guy is $120,050, with tax bills ranging significantly across the county. Zip code 72061 has the highest median home price at $120,050.
Property Tax Assessment Values Across Guy, Faulkner County, Arkansas
Source: Ownwell
$19,500
$132,050
$244,600
Median Guy Market Value
$120,050
Median Faulkner County Market Value
$196,550
Median Arkansas Market Value
$118,750
Median United States Market Value
$235,294
Property Tax Assessment Values Across Guy, Faulkner County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72061 | $14,180 | $38,600 | $120,050 | $199,550 | $293,200 |
Source: Ownwell
Property Tax Bills Across Guy, Faulkner County, Arkansas
Property tax bills in Guy are based on the assessed value of a home, not its market price alone. Local taxing authorities apply the tax rate to the assessed value, which is used to calculate the amount a homeowner owes each year. For a home with a median price of $120,050, the bill can vary depending on the property’s assessed value and the tax rates set by the county and other local entities.
Several factors affect the final bill, including the home’s location, any exemptions that may apply, and changes in assessed value over time. In Faulkner County, the median property tax bill is $756.00, which is below the national median property tax bill of $2,400 and far under the national median property tax rate of 1.02%. Bills in the area range from $328 at the 25th percentile to $1,380 at the 75th percentile, with the 90th percentile reaching $2,117. For homeowners, this means property taxes can be a meaningful part of housing costs, especially when assessments rise.
Median Guy Tax Bill
$756
Median Faulkner County Tax Bill
$1,409
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Guy, Faulkner County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72061 | $115 | $328 | $756 | $1,380 | $2,117 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 17 |
Links | |
|---|---|
| Faulkner Tax Assessor | |
| Website | www.arcountydata.com |