Cherokee Village, Fulton County, Arkansas Property Taxes
Median Cherokee Village, AR effective property tax rate: 0.81%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Cherokee Village, AR home value: $93,850
Median annual Cherokee Village, AR tax bill: $665, $1,735 lower than the national median property tax bill of $2,400.
How are property taxes in Fulton calculated?
Property taxes in Cherokee Village, 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 Cherokee Village’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cherokee Village, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cherokee Village, Fulton County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.81%
Estimate Property Tax Bill
$760
$705
Property Tax Rates Across Cherokee Village, Fulton County, Arkansas
Local government entities are responsible for setting property tax rates, and these rates can differ significantly within a state. Each year, counties estimate their budget needs to fund public services and divide this by the total assessed value of all taxable properties in their area. This calculation determines the property tax rate. Although the process involves voting and legislation, this is the basic annual procedure.
In Cherokee Village, located in Fulton County, property tax rates are determined similarly. By comparing Cherokee Village’s effective property tax rate with other cities in Arkansas and the national median, residents can gain insight into how their tax obligations measure up. While the national median property tax rate stands at 1.02%, Cherokee Village offers a more favorable rate of 0.81%. This lower rate can be appealing to homeowners looking to minimize their tax burden while still enjoying local services. Understanding these rates can help residents make informed decisions about property ownership and financial planning in the area.
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 Cherokee Village Tax Rate
0.81%
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 Fulton County Tax Rate
0.75%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cherokee Village, Fulton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72529 | 0.59% | 0.69% | 0.81% | 0.82% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Cherokee Village, Fulton County, Arkansas
When examining property taxes in Cherokee Village, AR, 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 Fulton County Assessor's Office 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 Fulton County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Cherokee Village. For example, the median home price in Cherokee Village is $93,850, with tax bills ranging significantly across the county. Zip code 72529 has the highest median home price at $93,850.
Property Tax Assessment Values Across Cherokee Village, Fulton County, Arkansas
Source: Ownwell
$51,550
$72,700
$93,850
Median Cherokee Village Market Value
$93,850
Median Fulton County Market Value
$68,050
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cherokee Village, Fulton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72529 | $10,845 | $48,950 | $93,850 | $158,725 | $210,305 |
Source: Ownwell
Property Tax Bills Across Cherokee Village, Fulton County, Arkansas
In Cherokee Village, property tax bills are determined using the assessed value of a home, which is a percentage of its market value. Homeowners in this region typically face a median property tax bill of $665, which is considerably lower than the national median of $2,400. The tax bill can vary significantly, with the 25th percentile at $314 and the 90th percentile reaching $1,629. Factors such as the home's location within Fulton County and any applicable exemptions can influence the final tax bill. These property taxes are crucial as they fund local services, including schools and infrastructure, directly impacting community quality of life.
Homeowners may find these taxes burdensome, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell can help homeowners potentially lower their tax bills. Our team analyzes each case individually to ensure all possible savings are realized, offering peace of mind and financial relief. With Ownwell, homeowners can confidently navigate the complexities of property tax assessments and appeals.
Median Cherokee Village Tax Bill
$665
Median Fulton County Tax Bill
$483
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Cherokee Village, Fulton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72529 | $88 | $314 | $665 | $1,108 | $1,629 |
Source: Ownwell