Bradford, Independence County, Arkansas Property Taxes
Median Bradford, Arkansas effective property tax rate: 0.54%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Bradford, Arkansas home value: $41,250
Median annual Bradford, Arkansas tax bill: $150, $2,250 lower than the national median property tax bill of $2,400.
How are property taxes in Independence calculated?
Property taxes in Bradford, 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 Bradford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bradford, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bradford, Independence County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.54%
Estimate Property Tax Bill
$223
$207
Property Tax Rates Across Bradford, Independence County, Arkansas
Local government entities set tax rates, which can vary widely within a state. This is because 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.
In Bradford, the effective property tax rate is a reflection of the county's financial needs and property values. The median property tax rate in Arkansas is 0.54%, which is significantly lower than the national median of 1.02%. This means that property owners in Arkansas, including those in Bradford, typically enjoy lower property tax bills compared to the national average. The median property tax bill in Arkansas is also considerably below the national median of $2400. This can be an attractive factor for potential homeowners or investors looking to reduce their tax burden. Comparing Bradford's rates to other cities in Arkansas and the national figures provides valuable insight into the relative affordability and fiscal demands of the area.
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 Bradford Tax Rate
0.54%
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 Independence County Tax Rate
0.72%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bradford, Independence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72020 | 0.10% | 0.23% | 0.54% | 0.94% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Bradford, Independence County, Arkansas
When examining property taxes in Bradford, 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 Independence County Assessor's Office 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 Independence 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 Bradford. For example, the median home price in Bradford is $41,250, with tax bills ranging significantly across the county. ZIP code 72020 has the highest median home price at $41,250.
Property Tax Assessment Values Across Bradford, Independence County, Arkansas
Source: Ownwell
$37,550
$61,275
$85,000
Median Bradford Market Value
$41,250
Median Independence County Market Value
$66,400
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bradford, Independence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72020 | $10,280 | $22,150 | $41,250 | $63,375 | $102,350 |
Source: Ownwell
Property Tax Bills Across Bradford, Independence County, Arkansas
Median Bradford Tax Bill
$150
Median Independence County Tax Bill
$426
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Bradford, Independence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72020 | $26 | $65 | $150 | $417 | $616 |
Source: Ownwell