Sheridan, Grant County, Arkansas Property Taxes
Property Taxes in Sheridan, Arkansas
Median Sheridan, Arkansas effective property tax rate: 0.90%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median Sheridan, Arkansas home value: $111,050
Median annual Sheridan, Arkansas tax bill: $886, $1,514 lower than the national median property tax bill of $2,400.
How are property taxes in Grant calculated?
Property taxes in Sheridan, 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 Sheridan's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sheridan, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Sheridan, Grant County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.9%
Estimate Property Tax Bill
$999
$927
How Does the Sheridan Property Tax Calculator Work?
Use this Sheridan property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Sheridan's median effective tax rate of 0.90% — based on actual property records in Grant County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment system uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Sheridan's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Sheridan, though the median tax bill is $886 and the highest and lowest median tax bill are both $886 in 72150. Sheridan's tax rate is lower than the Arkansas median tax rate of 0.81%, and the median tax bill is lower than the state median by $1,514.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Sheridan.
About Sheridan Property Taxes
About Property Taxes in Sheridan, Grant, Arkansas
Sheridan’s median effective property tax rate of 0.90% is lower than the Arkansas state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Grant County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Sheridan. Homeowners in the 72150 ZIP code carry a median effective rate of 0.90%, while those in the same ZIP also pay 0.90%. This spread reflects how school district boundaries and local assessment districts are drawn across Grant County. Understanding which part of Sheridan you live in can make a meaningful difference to your annual tax bill.
Sheridan homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the August 17, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Sheridan, Grant County, Arkansas
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Sheridan's effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.
Our median effective property tax rate (tax bill Ă· 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 Sheridan Tax Rate
0.90%
Our median effective property tax rate (tax bill Ă· 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
0.90%
Median Effective Arkansas Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Sheridan, Grant County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72150 | 0.65% | 0.78% | 0.90% | 0.90% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Sheridan, Grant County, Arkansas
When examining property taxes in Sheridan, 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.
Assessment notices:
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 Sheridan.
For example, the median home price in Sheridan is $111,050, with tax bills ranging significantly across the county. 72150 has the highest median home price at $111,050.
Property Tax Assessment Values Across Sheridan, Grant County, Arkansas
Source: Ownwell
$41,600
$92,125
$142,650
Median Sheridan Market Value
$111,050
Median Grant County Market Value
$98,600
Median Arkansas Market Value
$118,750
Median United States Market Value
$235,294
Property Tax Assessment Values Across Sheridan, Grant County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72150 | $20,305 | $53,638 | $111,050 | $174,112 | $245,245 |
Source: Ownwell
Property Tax Bills Across Sheridan, Grant County, Arkansas
Property tax bills in Sheridan are calculated by applying the local tax rate to a home’s assessed value, not its market price. The assessed value is based on the property’s taxable worth, and that value can be influenced by the home’s characteristics, location, and any exemptions the homeowner qualifies for. With a median home price of $111,050, even modest changes in assessed value can affect the final bill.
Homeowners in Sheridan typically see property tax bills that vary widely depending on the property and its assessment. The 25th percentile tax bill is $435, while the 75th percentile is $1,444 and the 90th percentile reaches $2,121. The median tax bill in the city is $886, which is below the national median property tax bill of $2,400 and far below the national median property tax rate of 1.02%.
For homeowners, this means property taxes can be a manageable expense for some, but a meaningful annual cost for others.
Median Sheridan Tax Bill
$886
Median Grant County Tax Bill
$786
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Sheridan, Grant County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72150 | $176 | $435 | $886 | $1,444 | $2,121 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 17 |
Links | |
|---|---|
| Grant Tax Assessor | |
| Website | www.arcountydata.com |