Sheridan, Grant County, Arkansas Property Taxes

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

Median Sheridan, Arkansas effective property tax rate: 0.85%, slightly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Sheridan, Arkansas home value: $113,050
Median annual Sheridan, Arkansas tax bill: $874, $1,526 lower than the national median property tax bill of $2,400.

How are property taxes in Grant County 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 March 1, 2025

Sheridan, Grant County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.85%

Estimate Property Tax Bill

$961

$892

Ownwell’s Sheridan Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sheridan with just two data points. By entering your property's estimated assessed value, our calculator applies Sheridan’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 Sheridan, Grant County, Arkansas

Local government entities determine tax rates, which can vary significantly within a state. This is because each county annually estimates its required budget to provide essential services and then divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although setting tax rates and budgets involves votes and laws, this is essentially the annual process.

In Sheridan, located in Grant County, Arkansas, the effective property tax rate is 0.85%, which is below the national median property tax rate of 1.02%. This lower rate can make Sheridan an appealing option for property owners looking to reduce their tax burden. Compared to other cities in Arkansas, Sheridan's tax rate is competitive, aligning with the state's median rate. For property owners, understanding these rates is crucial in evaluating potential savings and planning for future expenses. By offering a favorable tax environment, Sheridan stands out as a desirable location for both residents and investors seeking to optimize their property tax obligations while enjoying the benefits of living in a community with a reasonable cost of living.

Property Tax Rates Across Sheridan, 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 Sheridan Tax Rate

0.85%

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 Sheridan, Grant County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72150	0.62%	0.75%	0.85%	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 March. 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 $113,050, with tax bills ranging significantly across the county. 72150 has the highest median home price at $113,050.

Property Tax Assessment Values Across Sheridan, Grant County, Arkansas

Source: Ownwell

$42,150

$92,975

$143,800

Median Sheridan Market Value

$113,050

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 Sheridan, Grant County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72150	$23,270	$57,600	$113,050	$175,450	$245,760

Source: Ownwell

Property Tax Bills Across Sheridan, Grant County, Arkansas

In Sheridan, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value determined by local assessors. The local tax rate is then applied to this assessed value to determine the tax bill. Factors such as property location, improvements, and market trends can influence this assessed value, impacting the final tax bill. Homeowners in Sheridan face a median tax bill of $874, which is significantly lower than the national median of $2400. However, tax bills can vary widely, with some paying as little as $439 and others as much as $2101, depending on their property's assessed value and location within the county.

Ownwell helps homeowners in Sheridan by identifying potential savings through property tax appeals and exemptions. By analyzing local assessments and market data, Ownwell can argue for a fairer assessed value, potentially reducing your tax bill. This service ensures homeowners are not overpaying and can result in significant savings, especially for those in higher tax brackets.

Property Tax Bills Across Sheridan, Grant County, Arkansas

Source: Ownwell

$363

$810

$1,257

Median Sheridan Tax Bill

$874

Median Grant County Tax Bill

$770

Median Arkansas Tax Bill

$877

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	$180	$439	$874	$1,425	$2,101

Source: Ownwell