Arkadelphia, Hot Spring County, Arkansas Property Taxes

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

Median Arkadelphia, Arkansas effective property tax rate: 0.73%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Arkadelphia, Arkansas home value: $74,288
Median annual Arkadelphia, Arkansas tax bill: $544, $1,856 lower than the national median property tax bill of $2,400.

How are property taxes in Hot Spring County calculated?

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

Last Updated March 1, 2025

Arkadelphia, Hot Spring County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.73%

Estimate Property Tax Bill

$542

$503

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

Property Tax Rates Across Arkadelphia, Hot Spring County, Arkansas

Local government entities determine property tax rates, which can differ significantly within a state. Each year, counties calculate their necessary budget to fund services and divide it by the total value of all taxable property within their area. This is how the property tax rate is established. Although votes and legislation play a role in setting these rates and budgets, this is the essential annual procedure. In Arkadelphia, located in Hot Spring County, the effective property tax rate is 0.73%. This rate is lower than the national median property tax rate of 1.02%. When compared to the national median property tax bill of $2400, residents in Arkadelphia benefit from a more favorable property tax environment. The consistency of the tax rate across different zip codes within Arkadelphia signifies a stable taxation framework, which can be a significant advantage for property owners. This makes Arkadelphia an appealing location for those looking to benefit from lower property taxes while enjoying the services funded by these taxes.

Property Tax Rates Across Arkadelphia, Hot Spring County, Arkansas

Source: Ownwell

0.43%

0.71%

1.00%

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 Arkadelphia Tax Rate

0.73%

Median Effective Hot Spring County Tax Rate

0.79%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Arkadelphia, Hot Spring County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
71923	0.25%	0.49%	0.73%	1.00%	1.00%

Source: Ownwell

Property Tax Assessment Values Across Arkadelphia, Hot Spring County, Arkansas

When examining property taxes in Arkadelphia, 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 Hot Spring 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 Hot Spring County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Arkadelphia.

For example, the median home price in Arkadelphia is $74,288, with tax bills ranging significantly across the county. Zip code 71923 has the highest median home price at $74,288.

Property Tax Assessment Values Across Arkadelphia, Hot Spring County, Arkansas

Source: Ownwell

$41,600

$104,050

$166,500

Median Arkadelphia Market Value

$74,288

Median Hot Spring County Market Value

$64,425

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Arkadelphia, Hot Spring County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
71923	$15,395	$37,031	$74,288	$122,475	$178,845

Source: Ownwell

Property Tax Bills Across Arkadelphia, Hot Spring County, Arkansas

In Arkadelphia, located in Hot Spring 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 in the area is $74,288. Homeowners in Arkadelphia can expect a median property tax bill of $544, 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. For homeowners, these taxes can represent a substantial financial obligation, impacting the overall cost of homeownership.

Ownwell offers valuable services to help homeowners manage and potentially reduce their property tax bills. By appealing property assessments and ensuring that homeowners receive all applicable exemptions, Ownwell can help lower the tax burden. Our expertise in navigating the complexities of property tax regulations ensures that homeowners in Arkadelphia can maximize their savings and reduce their financial stress. With Ownwell's assistance, homeowners can achieve a fair property tax assessment, reflecting the true value of their property.

Property Tax Bills Across Arkadelphia, Hot Spring County, Arkansas

Source: Ownwell

$247

$753

$1,258

Median Arkadelphia Tax Bill

$544

Median Hot Spring County Tax Bill

$477

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Arkadelphia, Hot Spring County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
71923	$87	$229	$544	$888	$1,427

Source: Ownwell