Hensley, Grant County, Arkansas Property Taxes
Median Hensley, AR effective property tax rate: 0.89%, significantly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Hensley, AR home value: $143,800
Median annual Hensley, AR tax bill: $1,257, $1,143 lower than the national median property tax bill of $2,400.
How are property taxes in Grant calculated?
Property taxes in Hensley, 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 Hensley’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hensley, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hensley, Grant County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.89%
Estimate Property Tax Bill
$1,280
$1,188
Property Tax Rates Across Hensley, Grant County, Arkansas
Local government entities set tax rates, and these can vary significantly within a state. This is because each county annually estimates its required budget to provide services, dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Hensley, located in Grant County, Arkansas, the effective property tax rate is a reflection of this process. The median property tax rate in Arkansas is 0.89%, which is below the national median of 1.02%. This can offer some relief to homeowners when compared to the national average. However, it's essential to note that the property tax rate can vary even within the same state, depending on the county's budgetary needs and the total assessed value of properties.
Comparing Hensley’s effective property tax rate to other cities in Arkansas and the U.S. can provide valuable insights for homeowners. Understanding these rates can help residents make informed decisions about property ownership and financial planning.
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 Hensley Tax Rate
0.89%
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 Hensley, Grant County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72065 | 0.69% | 0.81% | 0.89% | 0.90% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Hensley, Grant County, Arkansas
When examining property taxes in Hensley, 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 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 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 Hensley. For example, the median home price in Hensley is $143,800, with tax bills ranging significantly across the county. Zip code 72065 has the highest median home price at $143,800.
Property Tax Assessment Values Across Hensley, Grant County, Arkansas
Source: Ownwell
$42,150
$92,975
$143,800
Median Hensley Market Value
$143,800
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 Hensley, Grant County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72065 | $26,650 | $67,200 | $143,800 | $168,600 | $210,160 |
Source: Ownwell
Property Tax Bills Across Hensley, Grant County, Arkansas
Median Hensley Tax Bill
$1,257
Median Grant County Tax Bill
$770
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Hensley, Grant County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72065 | $220 | $531 | $1,257 | $1,490 | $1,823 |
Source: Ownwell