Leola, Hot Spring County, Arkansas Property Taxes

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

Median Leola, 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 Leola, Arkansas home value: $61,875. Median annual Leola, Arkansas tax bill: $437, $1,963 lower than the national median property tax bill of $2,400. How are property taxes in Hot Spring calculated? Property taxes in Leola, 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 Leola’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Leola, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Leola, 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

$452

$419

Ownwell’s Leola Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Leola with just two data points.

By entering your property's estimated assessed value, our calculator applies Leola’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 Leola, Hot Spring County, Arkansas

Local government entities determine property tax rates, which can differ significantly within a state. Each county annually estimates its necessary budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the core of the annual process.

In Leola, located in Hot Spring County, the effective property tax rate is 0.73%. This rate is consistent across the county, reflecting the local government's approach to budgeting and service provision. When compared to the national median property tax rate of 1.02%, Leola's rate is notably lower. This offers potential savings for property owners in the area, as the national median property tax bill is approximately $2,400.

Understanding how these rates are set and how they compare to other regions can provide valuable insights for property owners. By evaluating these factors, property owners in Leola can make informed decisions regarding their property tax obligations and potential savings.

Property Tax Rates Across Leola, 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 Leola 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 Leola, Hot Spring County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72084	0.16%	0.43%	0.73%	1.00%	1.00%

Source: Ownwell

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

When examining property taxes in Leola, 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 Leola.

For example, the median home price in Leola is $61,875, with tax bills ranging significantly across the county. Zip code 72084 has the highest median home price at $61,875.

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

Source: Ownwell

$41,600

$104,050

$166,500

Median Leola Market Value

$61,875

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 Leola, Hot Spring County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72084	$8,550	$28,600	$61,875	$116,375	$179,035

Source: Ownwell

Property Tax Bills Across Leola, Hot Spring County, Arkansas

In Leola, located in Hot Spring County, AR, property tax bills are calculated based on the assessed value of a home, which is typically a fraction of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Homeowners in Leola experience a range of tax bills, with the 25th percentile at $114 and the 75th percentile reaching $814. Compared to the national median property tax bill of $2,400, Leola's rates are relatively low, offering some relief to local homeowners. However, even lower tax bills can be a burden if they are not accurately assessed. This is where Ownwell can make a significant impact. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their tax assessments are fair. This not only reduces the financial strain but also ensures that homeowners are not overpaying. With Ownwell's assistance, Leola residents can potentially save significantly on their property tax bills, making homeownership more affordable.

Property Tax Bills Across Leola, Hot Spring County, Arkansas

Source: Ownwell

$247

$753

$1,258

Median Leola Tax Bill

$437

Median Hot Spring County Tax Bill

$477

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Leola, Hot Spring County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72084	$47	$114	$437	$814	$1,176

Source: Ownwell