Pearcy, Hot Spring County, Arkansas Property Taxes
Median Pearcy, AR effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Pearcy, AR home value: $52,725
Median annual Pearcy, AR tax bill: $407, $1,993 lower than the national median property tax bill of $2,400.
How are property taxes in Hot Spring County calculated?
Property taxes in Pearcy, 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 Pearcy’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Pearcy, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Pearcy, Hot Spring County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.79%
Estimate Property Tax Bill
$417
$387
Property Tax Rates Across Pearcy, Hot Spring County, Arkansas
Local government entities set tax rates, which can vary widely within a state. Annually, 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. Below, you can compare Pearcy’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.
In Pearcy, located in Hot Spring County, property owners benefit from a property tax rate of 0.79%, which is notably lower than the national median of 1.02%. This rate is consistent across the region, offering property owners some of the most favorable tax conditions in the state. With the national median property tax bill standing at $2,400, Pearcy's lower tax rate can result in significant annual savings for homeowners. For those considering a move or investment in real estate, Pearcy presents an attractive opportunity due to its competitive property tax rate.
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 Pearcy Tax Rate
0.79%
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 Pearcy, Hot Spring County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71964 | 0.21% | 0.48% | 0.79% | 1.00% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Pearcy, Hot Spring County, Arkansas
When examining property taxes in Pearcy, 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 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 Pearcy. For example, the median home price in Pearcy is $52,725, with tax bills ranging significantly across the county. Zip code 71964 has the highest median home price at $52,725.
Property Tax Assessment Values Across Pearcy, Hot Spring County, Arkansas
Source: Ownwell
$41,600
$104,050
$166,500
Median Pearcy Market Value
$52,725
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 Pearcy, Hot Spring County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71964 | $8,025 | $24,856 | $52,725 | $115,138 | $184,325 |
Source: Ownwell
Property Tax Bills Across Pearcy, Hot Spring County, Arkansas
Median Pearcy Tax Bill
$407
Median Hot Spring County Tax Bill
$477
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Pearcy, Hot Spring County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71964 | $53 | $135 | $407 | $955 | $1,658 |
Source: Ownwell