Twin Groves, Faulkner County, Arkansas Property Taxes

Name: Property Tax Bills Across Twin Groves, Faulkner County, Arkansas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Twin Groves, AR effective property tax rate: 1.00%, slightly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Twin Groves, AR home value: $52,000
Median annual Twin Groves, AR tax bill: $502, $1,898 lower than the national median property tax bill of $2,400.

How are property taxes in Faulkner calculated?

Property taxes in Twin Groves, 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 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 March 1, 2025

Twin Groves, Faulkner County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

Estimate Property Tax Bill

$520

$483

Ownwell’s Twin Groves Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Twin Groves with just two data points. By entering your property's estimated assessed value, our calculator applies Twin Groves’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Faulkner County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Twin Groves, Faulkner County, Arkansas

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county estimates its required budget annually 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. In Twin Groves, Faulkner County, Arkansas, the effective property tax rate reflects this process. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell. Twin Groves' property tax rate is slightly below the national median of 1.02%, aligning closely with the Arkansas state median of 1.00%. This comparison highlights the relatively low property tax rates in Arkansas compared to other states. As a result, property owners in Twin Groves benefit from lower tax bills than the national median property tax bill of $2,400. Understanding these rates can help property owners make informed decisions about property taxes and potential savings through appeals or exemptions.

Property Tax Rates Across Twin Groves, Faulkner County, Arkansas

Source: Ownwell

0.89%

0.95%

1.01%

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

1.00%

Median Effective Faulkner County Tax Rate

0.96%

Median Effective Arkansas Tax Rate

0.84%

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	N/A	N/A	N/A	N/A	N/A

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.

In Faulkner 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 Twin Groves. For example, the median home price in Twin Groves is $52,000, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Twin Groves, Faulkner County, Arkansas

Source: Ownwell

$77,575

$128,063

$178,550

Median Twin Groves Market Value

$52,000

Median Faulkner County Market Value

$149,500

Median Arkansas Market Value

$113,950

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	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Twin Groves, Faulkner County, Arkansas

In Twin Groves, located in Faulkner County, AR, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. Homeowners in this region experience a range of property tax bills, with the 25th percentile at $200, the 75th percentile at $561, and the 90th percentile reaching $1,395. Compared to the national median property tax bill of $2,400, Twin Groves homeowners generally face lower tax bills. However, the assessed values and resulting tax bills can still significantly impact household budgets.

Various factors, such as property improvements or changes in local tax rates, can influence the assessed value, leading to fluctuations in property tax bills. This is where Ownwell steps in to assist homeowners. By providing expert property tax appeal and exemption services, Ownwell helps ensure that homeowners are not overpaying on their property taxes. By analyzing property assessments and identifying potential savings, Ownwell can effectively reduce the financial burden of property taxes for Twin Groves residents.

Property Tax Bills Across Twin Groves, Faulkner County, Arkansas

Source: Ownwell

$620

$1,157

$1,693

Median Twin Groves Tax Bill

$502

Median Faulkner County Tax Bill

$1,390

Median Arkansas Tax Bill

$877

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	N/A	N/A	N/A	N/A	N/A

Source: Ownwell