Charleston, Franklin County, Arkansas Property Taxes
Property Taxes in Charleston, Arkansas
Median Charleston, Arkansas effective property tax rate: 0.67%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median Charleston, Arkansas home value: $88,900
Median annual Charleston, Arkansas tax bill: $567, $1,833 lower than the national median property tax bill of $2,400.
How are property taxes in Franklin calculated?
Property taxes in Charleston, 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 Charleston's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Charleston, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Charleston, Franklin County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.67%
Estimate Property Tax Bill
$596
$553
How Does the Charleston Property Tax Calculator Work?
Use this Charleston property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Charleston's median effective tax rate of 0.67% — based on actual property records in Franklin 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 Charleston'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 Charleston: rates range from 0.67% in 72933 to 0.67% in 72933, 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 Charleston.
About Charleston Property Taxes
About Property Taxes in Charleston, Franklin, Arkansas
Charleston's median effective property tax rate of 0.67% is lower than the Arkansas state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Franklin 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 Charleston. Homeowners in the 72933 ZIP code carry a median effective rate of 0.67%, while those in the same ZIP code pay 0.67%. This spread reflects how school district boundaries and local assessment districts are drawn across Franklin County. Understanding which part of Charleston you live in can make a meaningful difference to your annual tax bill.
Charleston homeowners who believe their assessed value is too high can file a formal appeal with the Franklin County Tax Assessor before August 17, 2026.
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 Charleston, Franklin 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 Charleston'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 CharlestonTax Rate
0.67%
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 FranklinCounty Tax Rate
0.64%
Median Effective ArkansasTax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Charleston, Franklin County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72933 | 0.13% | 0.35% | 0.67% | 0.94% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Charleston, Franklin County, Arkansas
When examining property taxes in Charleston, 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 Franklin 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 Franklin 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. For example, the median home price in Charleston is $88,900, with tax bills ranging significantly across the county. Zip code 72933 has the highest median home price at $88,900.
Property Tax Assessment Values Across Charleston, Franklin County, Arkansas
Source: Ownwell
$76,700
$82,800
$88,900
Median Charleston Market Value
$88,900
Median Franklin County Market Value
$76,950
Median Arkansas Market Value
$118,750
Median United States Market Value
$235,294
Property Tax Assessment Values Across Charleston, Franklin County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72933 | $35,920 | $61,212 | $88,900 | $150,912 | $229,160 |
Source: Ownwell
Property Tax Bills Across Charleston, Franklin County, Arkansas
Property tax bills in Charleston are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. For homeowners, that means the bill depends on both what the home is worth and the taxing rates set for the area. A higher assessed value usually leads to a higher tax bill, while a lower assessed value can reduce what is owed.
In Charleston, the median home price is $88,900, and property tax bills vary widely across homeowners. The 25th percentile bill is $256, the 75th percentile is $1,033, and the 90th percentile reaches $1,869. The median tax bill in ZIP code 72933 is $567, which is also the highest and lowest median tax bill reported for the city. These differences show how property taxes can affect homeowners unevenly, even within the same area.
Median Charleston Tax Bill
$567
Median Franklin County Tax Bill
$467
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Charleston, Franklin County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72933 | $78 | $256 | $567 | $1,033 | $1,869 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 17 |
Links | |
|---|---|
| Franklin Tax Assessor | |
| Website | www.actdatascout.com |