Fulton, Hempstead County, Arkansas Property Taxes
Median Fulton, Arkansas effective property tax rate: 0.82%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Fulton, Arkansas home value: $27,350
Median annual Fulton, Arkansas tax bill: $161, $2,239 lower than the national median property tax bill of $2,400.
How are property taxes in Hempstead calculated?
Property taxes in Fulton, 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 Fulton's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fulton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Fulton, Hempstead County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.82%
Estimate Property Tax Bill
$224
$208
Ownwell’s Fulton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fulton with just two data points.
By entering your property's estimated assessed value, our calculator applies Fulton'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 Hempstead County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Fulton, Hempstead County, Arkansas
Local government entities determine tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates its budget needs to deliver services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Fulton, located in Hempstead County, Arkansas, the effective property tax rate is 0.82%. This rate is consistent across the county, making it both the highest and lowest median tax rate in the area. When compared to the national median property tax rate of 1.02%, Fulton's rate is lower, providing some relief to property owners. The median property tax bill in Arkansas is generally below the national average of $2,400, which further emphasizes the affordability of property ownership in this region.
By understanding these local tax dynamics, property owners can better navigate their financial responsibilities and potentially uncover opportunities for appealing or reducing their property tax obligations.
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 Fulton Tax Rate
0.82%
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 Fulton, Hempstead County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71838 | 0.18% | 0.78% | 0.82% | 0.84% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Fulton, Hempstead County, Arkansas
When examining property taxes in Fulton, 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 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 Fulton. For example, the median home price in Fulton is $27,350, with tax bills ranging significantly across the county. Zip code 71838 has the highest median home price at $27,350.
Property Tax Assessment Values Across Fulton, Hempstead County, Arkansas
Source: Ownwell
$27,350
$39,425
$51,500
Median Fulton Market Value
$27,350
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 Fulton, Hempstead County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71838 | $4,515 | $11,162 | $27,350 | $60,938 | $110,050 |
Source: Ownwell
Property Tax Bills Across Fulton, Hempstead County, Arkansas
Median Fulton Tax Bill
$161
Median Hempstead County Tax Bill
$306
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Fulton, Hempstead County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71838 | $19 | $56 | $161 | $385 | $945 |
Source: Ownwell