Emmet, Hempstead County, Arkansas Property Taxes
- Median Emmet, AR effective property tax rate: 0.77%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
- Median Emmet, AR home value: $37,400
- Median annual Emmet, AR tax bill: $236, $2,164 lower than the national median property tax bill of $2,400.
How are property taxes in Hempstead calculated?
Property taxes in Emmet, 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 Emmet’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Emmet, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Emmet, Hempstead County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.77%
Estimate Property Tax Bill
$288
$267
Property Tax Rates Across Emmet, Hempstead County, Arkansas
Local government entities determine tax rates, which can vary significantly within a state. Each year, counties estimate their budgetary needs to provide essential services. This budget is divided by the total assessed value of all taxable property within the jurisdiction, resulting in the property tax rate. While votes and legislation play roles in setting these rates and budgets, this process essentially determines the annual tax rate.
In Emmet, located in Hempstead County, Arkansas, the effective property tax rate stands at 0.77%. This rate is notably lower than the national median property tax rate of 1.02%. Property owners in Emmet benefit from this lower rate, which can result in significant savings compared to other regions in the United States. Understanding these rates is crucial for property owners looking to optimize their tax liabilities. By comparing Emmet's property tax rate to both state and national medians, residents can appreciate the relative affordability of property ownership in this area.
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 Emmet Tax Rate
0.77%
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 Hempstead County Tax Rate
0.77%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Emmet, Hempstead County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71835 | 0.13% | 0.39% | 0.77% | 0.77% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Emmet, Hempstead County, Arkansas
When examining property taxes in Emmet, 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 Hempstead 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 Hempstead 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 Emmet.
For example, the median home price in Emmet is $37,400, with tax bills ranging significantly across the county. Zip code 71835 has the highest median home price at $37,400.
Property Tax Assessment Values Across Emmet, Hempstead County, Arkansas
Source: Ownwell
$27,350
$39,425
$51,500
Median Emmet Market Value
$37,400
Median Hempstead County Market Value
$47,525
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Emmet, Hempstead County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71835 | $5,850 | $13,438 | $37,400 | $99,075 | $152,185 |
Source: Ownwell
Property Tax Bills Across Emmet, Hempstead County, Arkansas
Median Emmet Tax Bill
$236
Median Hempstead County Tax Bill
$306
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Emmet, Hempstead County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71835 | $24 | $67 | $236 | $522 | $938 |
Source: Ownwell