Traskwood, Grant County, Arkansas Property Taxes
Median Traskwood, AR effective property tax rate: 0.94%, slightly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Traskwood, AR home value: $109,700
Median annual Traskwood, AR tax bill: $921, $1,479 lower than the national median property tax bill of $2,400.
How are property taxes in Grant County calculated?
Property taxes in Traskwood, 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 Traskwood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Traskwood, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Traskwood, Grant County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.98%
Estimate Property Tax Bill
$1,061
$985
Property Tax Rates Across Traskwood, Grant County, Arkansas
Local government entities set tax rates, which can vary widely within a state. 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 Traskwood’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.
In Traskwood, located in Grant County, the property tax rate is reflective of the local government's budgetary needs and the total assessed property value. The median property tax rate in Arkansas is 0.94%, which is below the national median rate of 1.02%. This means that homeowners in Traskwood may benefit from relatively lower property tax bills compared to the national average. Understanding these rates is crucial for homeowners looking to manage their property tax liabilities effectively. As property tax rates can influence financial planning and investment decisions, staying informed about local tax trends is essential for property owners.
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 Traskwood Tax Rate
0.98%
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
0.90%
Median Effective Arkansas Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Traskwood, Grant County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72167 | 0.76% | 0.90% | 0.98% | 1.11% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Traskwood, Grant County, Arkansas
When examining property taxes in Traskwood, AR, 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 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 April. 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 Traskwood. For example, the median home price in Traskwood is $109,700, with tax bills ranging significantly across the county. 72167 has the highest median home price at $109,700.
Property Tax Assessment Values Across Traskwood, Grant County, Arkansas
Source: Ownwell
$41,600
$92,125
$142,650
Median Traskwood Market Value
$108,275
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 Traskwood, Grant County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72167 | $23,895 | $76,950 | $108,275 | $160,750 | $185,265 |
Source: Ownwell
Property Tax Bills Across Traskwood, Grant County, Arkansas
In Traskwood, located in Grant County, AR, 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 here is $109,700, significantly lower than the national median. Property tax rates in this region are generally lower, with the median tax bill at $921, compared to the national median of $2,400. Factors influencing the tax bill include local government budgets and public service funding needs. For homeowners, understanding these factors is crucial as they directly impact annual expenses. High property taxes can strain finances, making it essential to explore potential savings.
Ownwell offers expert property tax appeal and exemption services, helping homeowners potentially reduce their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can assist in filing appeals, ensuring fair taxation. This can lead to significant savings, easing the financial burden on homeowners. With Ownwell's expertise, homeowners in Traskwood can navigate the complexities of property tax assessments more effectively, ensuring they pay only their fair share.
Median Traskwood Tax Bill
$951
Median Grant County Tax Bill
$786
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Traskwood, Grant County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72167 | $190 | $674 | $951 | $1,540 | $2,061 |
Source: Ownwell