Salem, Fulton County, Arkansas Property Taxes
Median Salem, Arkansas effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Salem, Arkansas home value: $67,800
Median annual Salem, Arkansas tax bill: $471, $1,929 lower than the national median property tax bill of $2,400.
How are property taxes in Fulton County calculated?
Property taxes in Salem, 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 Salem’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Salem, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Salem, Fulton County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.75%
Estimate Property Tax Bill
$509
$472
Ownwell’s Salem Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Salem with just two data points.
By entering your property's estimated assessed value, our calculator applies Salem’s 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 Fulton County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Salem, Fulton County, Arkansas
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 Salem 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 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 Salem, Fulton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72576 | 0.55% | 0.67% | 0.75% | 0.75% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Salem, Fulton County, Arkansas
When examining property taxes in Salem, 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 Fulton 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 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 Salem.
For example, the median home price in Salem is $67,800, with tax bills ranging significantly across the county. Zip code 72576 has the highest median home price at $67,800.
Property Tax Assessment Values Across Salem, Fulton County, Arkansas
Source: Ownwell
$51,550
$72,700
$93,850
Median Salem Market Value
$67,800
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 Salem, Fulton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72576 | $20,840 | $39,300 | $67,800 | $101,650 | $148,630 |
Source: Ownwell
Property Tax Bills Across Salem, Fulton County, Arkansas
In Salem, Fulton County, AR, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. Typically, the assessed value is a percentage of the property's market value. Homeowners in Salem face a median property tax bill of $471, which is significantly lower than the national median of $2,400. The tax bill can vary, with the 25th percentile at $272 and the 90th percentile reaching $1,060. These variations depend on factors like property size, location, and market trends. For homeowners, understanding these factors is crucial as they directly impact the annual tax burden.
Ownwell offers a comprehensive solution to help homeowners in Salem reduce their property tax bills. By analyzing property assessments and identifying potential discrepancies, Ownwell can appeal on behalf of homeowners, potentially lowering their tax obligations. With expertise in local regulations and market trends, Ownwell ensures that homeowners pay only their fair share, offering peace of mind and tangible savings.
Median Salem Tax Bill
$471
Median Fulton County Tax Bill
$483
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Salem, Fulton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72576 | $147 | $272 | $471 | $725 | $1,060 |
Source: Ownwell