Twin Groves, Faulkner County, Arkansas Property Taxes
Property Taxes in Twin Groves, Arkansas
Median Twin Groves, Arkansas effective property tax rate: 1.03%, significantly lower than the national median of 1.02%, and higher than the Arkansas state median of 0.81%.
Median Twin Groves, Arkansas home value: $19,500
Median annual Twin Groves, Arkansas tax bill: $200, $2,200 lower than the national median property tax bill of $2,400.
How are property taxes in Faulkner calculated?
Property taxes in Twin Groves, 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 Twin Groves's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Twin Groves, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Twin Groves, Faulkner County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.03%
Estimate Property Tax Bill
$201
$186
How Does the Twin Groves Property Tax Calculator Work?
Use this Twin Groves property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Twin Groves's median effective tax rate of 1.03% — 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 Twin Groves'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 Twin Groves: rates range from 1.03% in 72039 to 1.03% in 72039, 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 Twin Groves.
About Twin Groves Property Taxes
About Property Taxes in Twin Groves, Faulkner, Arkansas
Twin Groves's median effective property tax rate of 1.03% is lower than the Arkansas state median of 0.81% and higher 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 Twin Groves. Homeowners in the 72039 ZIP code carry a median effective rate of 1.03%, while those in 72039 pay 1.03%. This spread reflects how school district boundaries and local assessment districts are drawn across Faulkner County. Understanding which part of Twin Groves you live in can make a meaningful difference to your annual tax bill.
Twin Groves homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor 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 Twin Groves, 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 Twin Groves'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 Twin Groves Tax Rate
1.03%
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 Twin Groves, Faulkner County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72039 | 0.72% | 0.81% | 1.03% | 1.07% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Twin Groves, Faulkner County, Arkansas
When examining property taxes in Twin Groves, 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. The median home price in Twin Groves is $19,500, with tax bills ranging from $100 at the 25th percentile to $618 at the 75th percentile. The national median property tax rate is 1.02%, and the national median property tax bill is $2,400.
Property Tax Assessment Values Across Twin Groves, Faulkner County, Arkansas
Source: Ownwell
$19,500
$132,050
$244,600
Median Twin Groves Market Value
$19,500
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 Twin Groves, Faulkner County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72039 | $6,400 | $10,000 | $19,500 | $86,050 | $131,740 |
Source: Ownwell
Property Tax Bills Across Twin Groves, Faulkner County, Arkansas
Property tax bills in Twin Groves are based on the assessed value of a home, not its market price. Local tax rates are applied to that assessed value to determine the final bill, so two homes with similar market values can still owe different amounts if their assessments differ.
For homeowners in Twin Groves, the size of the tax bill depends on both the property’s assessed value and the local millage rates set by taxing authorities. With a median home price of $19,500, bills can vary widely across the city. The 25th percentile tax bill is $100, while the 75th percentile is $618 and the 90th percentile reaches $1,218.
The median tax bill in the city is $200, which is far below the national median property tax bill of $2,400 and also below the national median property tax rate of 1.02%. For many homeowners, that means property taxes are a relatively small part of housing costs, but changes in assessment or local rates can still affect what they owe each year.
Median Twin Groves Tax Bill
$200
Median Faulkner County Tax Bill
$1,409
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Twin Groves, Faulkner County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72039 | $62 | $100 | $200 | $618 | $1,218 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 17 |
Links | |
|---|---|
| Faulkner Tax Assessor | |
| Website | www.arcountydata.com |