Hot Springs National Park, Garland County, Arkansas Property Taxes
Median Hot Springs National Park, AR effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Hot Springs National Park, AR home value: $166,200
Median annual Hot Springs National Park, AR tax bill: $942, $1,458 lower than the national median property tax bill of $2,400.
How are property taxes in Garland County calculated?
Property taxes in Hot Springs National Park, 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 Hot Springs National Park’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hot Springs National Park, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hot Springs National Park, Garland County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.61%
Estimate Property Tax Bill
$1,014
$941
Property Tax Rates Across Hot Springs National Park, Garland County, Arkansas
Local government entities in Arkansas set property tax rates, which can vary significantly within the state. Each year, counties like Garland estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This process determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this annual calculation is at the core of the process.
In Hot Springs National Park, located in Garland County, the effective property tax rate is relatively low compared to other cities in Arkansas and the national median. The median property tax rate in Arkansas is below the national median of 1.02%, highlighting the state's more favorable tax environment. The highest median tax rate in Garland County is found in the 71913 zip code, while the lowest is in the 71901 zip code. This variation within the county reflects how local needs and property values influence tax rates. Understanding these differences can help property owners make informed decisions about their investments and potential tax liabilities.
Property Tax Rates Across Hot Springs National Park, Garland County, Arkansas
Source: Ownwell
0.43%
0.67%
0.90%
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 Hot Springs National Park Tax Rate
0.61%
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 Garland County Tax Rate
0.59%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hot Springs National Park, Garland County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71901 | 0.20% | 0.40% | 0.60% | 0.77% | 0.90% |
| 71913 | 0.22% | 0.40% | 0.61% | 0.76% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Hot Springs National Park, Garland County, Arkansas
When examining property taxes in Hot Springs National Park, 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 Garland 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 Garland 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 Hot Springs National Park.
For example, the median home price in Hot Springs National Park is $166,200, with tax bills ranging significantly across the county. Zip code 71913 has the highest median home price at $182,250.
Property Tax Assessment Values Across Hot Springs National Park, Garland County, Arkansas
Source: Ownwell
$42,475
$132,888
$223,300
Median Hot Springs National Park Market Value
$166,200
Median Garland County Market Value
$162,300
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hot Springs National Park, Garland County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71901 | $30,605 | $62,550 | $133,750 | $240,388 | $375,865 |
| 71913 | $48,220 | $95,400 | $182,250 | $320,500 | $579,140 |
Source: Ownwell
Property Tax Bills Across Hot Springs National Park, Garland County, Arkansas
In Hot Springs National Park, Garland County, AR, property tax bills are calculated based on the assessed value of a home. This value is determined by the county assessor and reflects a percentage of the property's market value. Homeowners in this area typically see a median tax bill around $1,050, which is lower than the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $432 and the 90th percentile reaching up to $3,382. These variations depend on factors such as location, home size, and property improvements.
Ownwell can assist homeowners in Hot Springs National Park by identifying potential inaccuracies in property assessments and filing appeals on their behalf. By leveraging their expertise, homeowners can ensure their property is fairly assessed, potentially reducing their tax burden. This service can be particularly beneficial for those in higher tax brackets, such as those in the 71913 zip code, where the highest median tax bill is recorded.
Property Tax Bills Across Hot Springs National Park, Garland County, Arkansas
Source: Ownwell
$241
$964
$1,686
Median Hot Springs National Park Tax Bill
$942
Median Garland County Tax Bill
$863
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Hot Springs National Park, Garland County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71901 | $149 | $341 | $747 | $1,521 | $2,650 |
| 71913 | $222 | $494 | $1,050 | $2,072 | $3,750 |
Source: Ownwell