Benton, Hot Spring County, Arkansas Property Taxes

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

Median Benton, Arkansas effective property tax rate: 0.66%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Benton, Arkansas home value: $37,388
Median annual Benton, Arkansas tax bill: $140, $2,260 lower than the national median property tax bill of $2,400.

How are property taxes in Hot Spring County calculated?

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

Last Updated March 1, 2025

Benton, Hot Spring County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.66%

Estimate Property Tax Bill

$247

$229

Ownwell’s Benton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Benton with just two data points. By entering your property's estimated assessed value, our calculator applies Benton’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 Benton, Hot Spring County, Arkansas

Local government entities determine tax rates, which can differ significantly within a state. Each year, counties like Benton in Hot Spring, Arkansas, calculate the necessary budget to maintain services and divide it by the total value of taxable property within their borders. This process establishes the property tax rate. While votes and laws influence tax rates and budgets, this is the basic annual procedure.

Benton’s effective property tax rate is 0.66%, which is notably lower than the national median property tax rate of 1.02%. In comparison to other cities in Arkansas, Benton’s rate is competitive, reflecting the state's generally lower property tax rates. This lower rate is advantageous for property owners, potentially resulting in a lower tax bill compared to the national median property tax bill of $2,400. For homeowners in Benton, this means more manageable property taxes, making it an attractive option for those looking to maximize their property investment value while keeping tax expenses in check.

Property Tax Rates Across Benton, 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 Benton Tax Rate

0.66%

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 Benton, Hot Spring County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72019	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

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

When examining property taxes in Benton, 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 Assessor 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 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 Benton. For example, the median home price in Benton is $37,388, with tax bills ranging significantly across the county.

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

Source: Ownwell

$41,600

$104,050

$166,500

Median Benton Market Value

$37,388

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 Benton, Hot Spring County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72019	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Benton, Hot Spring County, Arkansas

In Benton, part of Hot Spring County, AR, property tax bills are determined by assessing the property's value and applying the local tax rate. With a median home price of $37,388, Benton homeowners typically face property tax bills significantly lower than the national median. The tax bill at the 25th percentile is $73, while the 75th percentile sees bills around $208, and the 90th percentile reaches $249. These figures are notably below the national median property tax bill of $2400, offering a financial advantage to Benton homeowners. However, the impact of property taxes can still be significant for homeowners, especially if the assessed value of their property increases or if local tax rates change. Ownwell can assist homeowners in Benton by providing expert property tax appeal services. By analyzing assessments and identifying potential errors or overvaluations, Ownwell helps ensure that homeowners pay only their fair share. Through professional guidance and support, Ownwell aims to help homeowners in Benton save on their property tax bills, potentially reducing their financial burden.

Property Tax Bills Across Benton, Hot Spring County, Arkansas

Source: Ownwell

$247

$753

$1,258

Median Benton Tax Bill

$140

Median Hot Spring County Tax Bill

$477

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Benton, Hot Spring County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72019	N/A	N/A	N/A	N/A	N/A

Source: Ownwell