Redfield, Grant County, Arkansas Property Taxes

Name: Property Tax Bills Across Redfield, Grant County, Arkansas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Redfield, AR 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 Redfield, AR home value: $70,800
Median annual Redfield, AR tax bill: $547, $1,853 lower than the national median property tax bill of $2,400.

How are property taxes in Grant County calculated?

Property taxes in Redfield, 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 Redfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Redfield, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Redfield, Grant County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.82%

Estimate Property Tax Bill

$581

$539

Ownwell’s Redfield Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Redfield with just two data points. By entering your property's estimated assessed value, our calculator applies Redfield’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 Grant County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Redfield, Grant County, Arkansas

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell. In Redfield, located in Grant County, Arkansas, the effective property tax rate is notably lower than the national median of 1.02%. This provides a significant advantage for homeowners in the area, as the lower tax rate can lead to substantial savings compared to other regions. Arkansas itself has a median property tax rate that is below the national average, making it an attractive option for property owners seeking to minimize their tax burden. Comparing Redfield's effective property tax rate to other cities in Arkansas and the U.S. highlights the potential benefits of investing in property within this region.

Property Tax Rates Across Redfield, Grant County, Arkansas

Source: Ownwell

0.80%

0.88%

0.96%

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 Redfield Tax Rate

0.82%

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 Redfield, Grant County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72132	0.61%	0.71%	0.82%	0.90%	0.90%

Source: Ownwell

Property Tax Assessment Values Across Redfield, Grant County, Arkansas

When examining property taxes in Redfield, 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 Redfield. For example, the median home price in Redfield is $70,800, with tax bills ranging significantly across the county. The zip code 72132 has the highest median home price at $70,800.

Property Tax Assessment Values Across Redfield, Grant County, Arkansas

Source: Ownwell

$42,150

$92,975

$143,800

Median Redfield Market Value

$70,800

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 Redfield, Grant County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72132	$16,245	$35,125	$70,800	$138,638	$196,680

Source: Ownwell

Property Tax Bills Across Redfield, Grant County, Arkansas

In Redfield, Arkansas, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value, and the local tax rate is then applied to this assessed value to calculate the tax bill. In Redfield, the median property tax bill is significantly lower than the national median, with a notable range from $250 at the 25th percentile to $1,602 at the 90th percentile. This variance indicates that while some homeowners benefit from relatively low taxes, others face higher bills, potentially impacting their financial planning. For homeowners looking to reduce their property tax burden, Ownwell offers expert services to appeal and lower assessed values, ensuring that homeowners pay only their fair share. By leveraging local knowledge and expertise, Ownwell can identify potential savings and assist in navigating the appeals process, helping homeowners in Redfield manage their tax bills more effectively.

Property Tax Bills Across Redfield, Grant County, Arkansas

Source: Ownwell

$363

$810

$1,257

Median Redfield Tax Bill

$547

Median Grant County Tax Bill

$770

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Redfield, Grant County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72132	$129	$250	$547	$1,039	$1,602

Source: Ownwell