Grapevine, Grant County, Arkansas Property Taxes
Median Grapevine, Arkansas effective property tax rate: 0.82%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Grapevine, Arkansas home value: $70,250
Median annual Grapevine, Arkansas tax bill: $536, $1,864 lower than the national median property tax bill of $2,400.
How are property taxes in Grant County calculated?
Property taxes in Grapevine, 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 Grapevine’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Grapevine, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Grapevine, Grant County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.82%
Estimate Property Tax Bill
$576
$535
Property Tax Rates Across Grapevine, Grant County, Arkansas
Local government entities set tax rates, and these can vary significantly within a state. Each year, counties estimate their budgetary needs to provide essential services and divide this by the total assessed value of all taxable properties within their jurisdiction. This calculation determines the property tax rate. While votes and legislation play a role in setting these rates and budgets, this is the essence of the annual process.
In Grapevine, located in Grant County, Arkansas, the effective property tax rate is reflective of these calculations. While Arkansas has a median property tax rate of 0.82%, it is important to note that this is lower than the national median property tax rate of 1.02%. This means homeowners in Grapevine could potentially benefit from lower property tax bills compared to the national average, where the median property tax bill is $2400. By understanding the local tax rate and how it compares to state and national figures, property owners can better anticipate their annual tax liabilities and make informed financial decisions.
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 Grapevine Tax Rate
0.82%
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 Grant County Tax Rate
0.85%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Grapevine, Grant County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72057 | 0.60% | 0.72% | 0.82% | 0.90% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Grapevine, Grant County, Arkansas
When examining property taxes in Grapevine, 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 Grant 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 Grant 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 Grapevine. For example, the median home price in Grapevine is $70,250, with tax bills ranging significantly across the county. Zip code 72057 has the highest median home price at $70,250.
Property Tax Assessment Values Across Grapevine, Grant County, Arkansas
Source: Ownwell
$42,150
$92,975
$143,800
Median Grapevine Market Value
$70,250
Median Grant County Market Value
$100,075
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Grapevine, Grant County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72057 | $15,400 | $33,250 | $70,250 | $137,800 | $209,645 |
Source: Ownwell
Property Tax Bills Across Grapevine, Grant County, Arkansas
In Grapevine, Arkansas, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $70,250. Property taxes are determined by local tax rates applied to this assessed value, and these rates can vary by jurisdiction. The median property tax bill in Grant County is $536, which is significantly lower than the national median of $2,400. Factors affecting the tax bill include property improvements, changes in market value, and local government budgets. For homeowners, this tax bill represents a necessary annual expense that can impact financial planning.
Ownwell can help homeowners in Grapevine potentially reduce their property tax bills by providing expert property tax appeal services. By analyzing the assessed value and comparing it to market trends, Ownwell identifies discrepancies that could lead to savings. This service can be especially beneficial for those in higher tax brackets, such as the 90th percentile, where tax bills can reach up to $1,678.
Median Grapevine Tax Bill
$536
Median Grant County Tax Bill
$770
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Grapevine, Grant County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72057 | $129 | $260 | $536 | $1,034 | $1,678 |
Source: Ownwell