Cave City, Independence County, Arkansas Property Taxes
Property Taxes in Cave City, Arkansas
Median Cave City, Arkansas effective property tax rate: 0.59%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median Cave City, Arkansas home value: $76,650
Median annual Cave City, Arkansas tax bill: $415, lower than the national median property tax bill of $2,400.
How are property taxes in Independence calculated?
Property taxes in Cave City, 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 Cave City's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cave City, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Cave City, Independence County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.59%
Estimate Property Tax Bill
$452
$420
How Does the Cave City Property Tax Calculator Work?
Use this Cave City property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Cave City's median effective tax rate of 0.59% — based on actual property records in Independence County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Cave City's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Cave City: rates range from 0.59% in 72521 to 0.59% in 72521, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Cave City.
About Cave City Property Taxes
About Property Taxes in Cave City, Independence, Arkansas
Cave City’s median effective property tax rate of 0.59% is lower than the Arkansas state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Independence County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Cave City. Homeowners in the 72521 ZIP code carry a median effective rate of 0.59%, while those in the same ZIP code also pay 0.59%. This reflects how school district boundaries and local assessment districts are drawn across Independence County. Understanding where you live in Cave City can make a meaningful difference to your annual tax bill.
Cave City homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the August 17, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Cave City, Independence County, Arkansas
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? 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.
Below, you can compare Cave City’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.
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 Cave City Tax Rate
0.59%
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
0.68%
Median Effective Arkansas Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cave City, Independence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72521 | 0.17% | 0.31% | 0.59% | 0.84% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Cave City, Independence County, Arkansas
When examining property taxes in Cave City, 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 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.
Assessment notices:
In Independence County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 Cave City.
For example, the median home price in Cave City is $76,650, with tax bills ranging significantly across the county. 72521 has the highest median home price at $76,650.
Property Tax Assessment Values Across Cave City, Independence County, Arkansas
Source: Ownwell
$37,900
$62,275
$86,650
Median Cave City Market Value
$76,650
Median Independence County Market Value
$67,050
Median Arkansas Market Value
$118,750
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cave City, Independence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72521 | $19,845 | $36,975 | $76,650 | $127,562 | $177,690 |
Source: Ownwell
Property Tax Bills Across Cave City, Independence County, Arkansas
Property tax bills in Cave City are based on the assessed value of a home and the local tax rate set by taxing authorities. For homeowners, the bill is generally calculated by applying the property tax rate to the home’s assessed market value, which means a higher assessed value can lead to a larger tax bill.
In Cave City, the median home price is $76,650, and the median property tax bill is $415.00 in zip code 72521. That amount is well below the national median property tax bill of $2,400, which can make local taxes more manageable for many homeowners. Still, bills can vary depending on the home’s assessed value and the specific tax rates applied.
For many homeowners, property taxes are a significant part of annual housing costs, so even small changes in assessed value can affect what they owe.
Median Cave City Tax Bill
$415
Median Independence County Tax Bill
$416
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Cave City, Independence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72521 | $65 | $116 | $415 | $841 | $1,315 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 17 |
Links | |
|---|---|
| Independence Tax Assessor | |
| Website | www.actdatascout.com |