Tull, Grant County, Arkansas Property Taxes
Median Tull, Arkansas 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 Tull, Arkansas home value: $113,300
Median annual Tull, Arkansas tax bill: $920, $1,480 lower than the national median property tax bill of $2,400.
How are property taxes in Grant County calculated?
Property taxes in Tull, 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 Tull’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Tull, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Tull, Grant County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.94%
Estimate Property Tax Bill
$1,065
$988
Property Tax Rates Across Tull, 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 votes and laws are involved in setting tax rates and budgets, this is the annual process.
In Tull, located in Grant County, Arkansas, the property tax rate aligns closely with the state's median rate. This is slightly below the national median property tax rate of 1.02%. The consistency in the tax rate across different areas within the county provides a level of predictability for property owners. However, it is important to note that even within a single state, tax rates can vary significantly from one county to another, influenced by the specific budgetary needs and property values of each area.
By understanding how these rates are determined, property owners can better anticipate their annual tax obligations. Comparing Tull’s effective property tax rate to other areas in Arkansas and the national median offers valuable insights into how local tax policies impact 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 Tull Tax Rate
0.94%
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 Tull, Grant County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72015 | 0.75% | 0.79% | 0.94% | 1.00% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Tull, Grant County, Arkansas
When examining property taxes in Tull, 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 Tull.
For example, the median home price in Tull is $113,300, with tax bills ranging significantly across the county. Zip code 72015 has the highest median home price at $113,300.
Property Tax Assessment Values Across Tull, Grant County, Arkansas
Source: Ownwell
$42,150
$92,975
$143,800
Median Tull Market Value
$113,300
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 Tull, Grant County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72015 | $45,620 | $62,350 | $113,300 | $158,200 | $211,790 |
Source: Ownwell
Property Tax Bills Across Tull, Grant County, Arkansas
In Tull, Arkansas, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The local tax rate is applied to this assessed value to determine the annual property tax bill. In Tull, the median property tax bill is $920, significantly lower than the national median of $2,400. Factors influencing the tax bill include the property's assessed value and the local tax rate set by the county. Homeowners may find these taxes manageable compared to other areas, but they still represent a notable expense.
Ownwell offers valuable assistance to homeowners in Tull by providing property tax appeal and exemption services. By analyzing the assessed value and comparing it with market trends, Ownwell identifies opportunities for tax reductions. This service can lead to substantial savings, ensuring homeowners are not overpaying on their property tax bills. By leveraging local expertise, Ownwell helps homeowners navigate the complexities of property taxes, potentially lowering their annual expenses.
Median Tull Tax Bill
$920
Median Grant County Tax Bill
$770
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Tull, Grant County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72015 | $456 | $552 | $920 | $1,469 | $1,945 |
Source: Ownwell