Donaldson, Hot Spring County, Arkansas Property Taxes

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

Median Donaldson, AR effective property tax rate: 0.69%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Donaldson, AR home value: $55,525
Median annual Donaldson, AR tax bill: $375, $2,025 lower than the national median property tax bill of $2,400.

How are property taxes in Hot Spring County calculated?

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

Last Updated March 1, 2025

Donaldson, Hot Spring County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.69%

Estimate Property Tax Bill

$383

$356

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

Local government entities in Arkansas set property tax rates, which can vary significantly across the state. Each county, including Hot Spring, estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Donaldson, located in Hot Spring County, property owners experience an effective property tax rate of 0.69%. This rate is notably lower than the national median property tax rate of 1.02%, offering residents a more affordable option compared to many parts of the United States. When comparing Donaldson's rate to the broader Arkansas state median, it aligns perfectly, indicating a consistent approach to property taxation within the region.

For homeowners in Donaldson, this means potentially lower property tax bills, allowing for budget flexibility and increased savings. Understanding these rates and how they compare both within Arkansas and nationally can empower property owners to make informed decisions about their investments.

Property Tax Rates Across Donaldson, 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 Donaldson Tax Rate

0.69%

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 Donaldson, Hot Spring County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
71941	0.14%	0.38%	0.69%	1.00%	1.00%

Source: Ownwell

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

When examining property taxes in Donaldson, 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 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 Donaldson.

For example, the median home price in Donaldson is $55,525, with tax bills ranging significantly across the county. Zip code 71941 has the highest median home price at $55,525.

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

Source: Ownwell

$41,600

$104,050

$166,500

Median Donaldson Market Value

$55,525

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 Donaldson, Hot Spring County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
71941	$11,640	$30,800	$55,525	$101,425	$148,205

Source: Ownwell

Property Tax Bills Across Donaldson, Hot Spring County, Arkansas

In Donaldson, located in Hot Spring County, AR, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. Homeowners in this area face a median property tax bill of $375, which is significantly lower than the national median of $2400. The assessed value is influenced by the property's market value, location, and any improvements made. Factors such as local tax rates and exemptions also play a crucial role in determining the final tax bill. For homeowners, these taxes can represent a significant financial burden, especially when property values fluctuate. However, there is potential for savings. Ownwell assists homeowners by identifying discrepancies in property assessments and ensuring all eligible exemptions are applied. By appealing incorrect assessments, homeowners can potentially reduce their tax liabilities. This service is particularly valuable in areas like Donaldson, where even small reductions can lead to meaningful savings, helping homeowners manage their finances more effectively.

Property Tax Bills Across Donaldson, Hot Spring County, Arkansas

Source: Ownwell

$247

$753

$1,258

Median Donaldson Tax Bill

$375

Median Hot Spring County Tax Bill

$477

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Donaldson, Hot Spring County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
71941	$44	$133	$375	$715	$1,126

Source: Ownwell