Malvern, Hot Spring County, Arkansas Property Taxes
Median Malvern, 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 Malvern, AR home value: $61,775
Median annual Malvern, AR tax bill: $467, $1,933 lower than the national median property tax bill of $2,400.
How are property taxes in Hot Spring calculated?
Property taxes in Malvern, 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 Malvern’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Malvern, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Malvern, Hot Spring County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.82%
Estimate Property Tax Bill
$507
$470
Ownwell’s Malvern Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Malvern with just two data points.
By entering your property's estimated assessed value, our calculator applies Malvern’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 Malvern, Hot Spring County, Arkansas
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide 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, in a nutshell, this is the annual process.
In Malvern, located in Hot Spring County, Arkansas, the effective property tax rate stands at 0.82%. This rate is lower than the national median property tax rate of 1.02%. For residents, this means a more affordable property tax bill compared to the national median of $2,400. The consistency across Malvern, with the same rate being the highest and lowest in the 72104 zip code, suggests a stable tax environment.
Comparing Malvern’s effective property tax rate to other cities in Arkansas and the median property tax rates in the U.S. offers valuable insights for property owners. Understanding these differences can assist homeowners in making informed financial decisions, especially when considering property investments or relocations.
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 Malvern Tax Rate
0.82%
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 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 Malvern, Hot Spring County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72104 | 0.23% | 0.50% | 0.82% | 1.04% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Malvern, Hot Spring County, Arkansas
When examining property taxes in Malvern, AR, 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 Malvern. For example, the median home price in Malvern is $61,775, with tax bills ranging significantly across the county. Zip code 72104 has the highest median home price at $61,775.
Property Tax Assessment Values Across Malvern, Hot Spring County, Arkansas
Source: Ownwell
$41,600
$104,050
$166,500
Median Malvern Market Value
$61,775
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 Malvern, Hot Spring County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72104 | $16,650 | $32,000 | $61,775 | $115,775 | $178,505 |
Source: Ownwell
Property Tax Bills Across Malvern, Hot Spring County, Arkansas
Median Malvern Tax Bill
$467
Median Hot Spring County Tax Bill
$477
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Malvern, Hot Spring County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72104 | $80 | $221 | $467 | $907 | $1,539 |
Source: Ownwell