Washington, Hempstead County, Arkansas Property Taxes

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

Median Washington, AR 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 Washington, AR home value: $33,450
Median annual Washington, AR tax bill: $203, $2,197 lower than the national median property tax bill of $2,400.

How are property taxes in Hempstead calculated?

Property taxes in Washington, 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 Washington’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Washington, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Washington, Hempstead County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.82%

Estimate Property Tax Bill

$274

$255

Ownwell’s WASHINGTON Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in WASHINGTON with just two data points. By entering your property's estimated assessed value, our calculator applies WASHINGTON’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. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Washington, Hempstead County, Arkansas

Local government entities are responsible for setting tax rates, which can differ significantly across a state. This variation is due to each county's annual process of estimating the budget needed to provide essential services and dividing that amount by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate.

Although votes and legislation play a role in setting these rates and budgets, this is the basic annual procedure. In Washington, located in Hempstead County, Arkansas, the effective property tax rate stands at 0.82%. This rate is notably lower than the national median property tax rate of 1.02%, making it more affordable compared to many other regions in the U.S.

Washington's property tax rate aligns with both the highest and lowest median rates within the state, which are also 0.82%. This consistency suggests a stable property tax environment within the area. Comparing Washington's rate to the national median highlights its relative affordability, offering a potential advantage for property owners seeking cost-effective options in Arkansas.

Property Tax Rates Across Washington, Hempstead County, Arkansas

Source: Ownwell

0.77%

0.80%

0.84%

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 Washington Tax Rate

0.82%

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 Washington, Hempstead County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
71862	0.21%	0.45%	0.82%	0.84%	0.94%

Source: Ownwell

Property Tax Assessment Values Across Washington, Hempstead County, Arkansas

When examining property taxes in Washington, 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.

Assessment notices: 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 Washington.

For example, the median home price in Washington is $33,450, with tax bills ranging significantly across the county. Zip code 71862 has the highest median home price at $33,450.

Property Tax Assessment Values Across Washington, Hempstead County, Arkansas

Source: Ownwell

$27,350

$39,425

$51,500

Median Washington Market Value

$33,450

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 Washington, Hempstead County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
71862	$4,070	$13,950	$33,450	$69,100	$117,500

Source: Ownwell

Property Tax Bills Across Washington, Hempstead County, Arkansas

In Washington, Hempstead County, AR, property tax bills are determined by assessing the property's market value and applying the local tax rate. With a median home price of $33,450, homeowners in this region experience tax bills that vary significantly. The 25th percentile tax bill stands at $85, while the 75th percentile reaches $435, and the top 10% of bills can be as high as $845. The median tax bill in this area is $203, which is considerably lower than the national median property tax bill of $2,400. This discrepancy highlights the relatively low property tax burden in this region compared to other parts of the country. However, even with lower tax bills, homeowners may still benefit from appealing their assessments to ensure they are not overpaying. Ownwell can assist by providing expert property tax appeal services, potentially reducing the assessed value and, consequently, the tax bill. By leveraging local market data and professional expertise, Ownwell helps homeowners save on their property taxes, ensuring fair and accurate assessments.

Property Tax Bills Across Washington, Hempstead County, Arkansas

Source: Ownwell

$161

$257

$352

Median Washington Tax Bill

$203

Median Hempstead County Tax Bill

$306

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Washington, Hempstead County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
71862	$31	$85	$203	$435	$845

Source: Ownwell