Property Taxes in Cord, Arkansas
Median Cord, Arkansas effective property tax rate: 0.78%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median Cord, Arkansas home value: $63,150
Median annual Cord, Arkansas tax bill: $412, lower than the national median property tax bill of $2,400.
How are property taxes in Independence calculated?
Property taxes in Cord, 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 Cord's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cord, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Cord Property Tax Calculator Work?
Use this Cord property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Cord's median effective tax rate of 0.78% — based on actual property records in Independence County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Cord'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 Cord: rates range from 0.78% in 72524 to 0.78% in 72524, 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 Cord.
About Cord Property Taxes
About Property Taxes in Cord, Independence, Arkansas
Cord's median effective property tax rate of 0.78% 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 Cord. Homeowners in the 72524 ZIP code carry a median effective rate of 0.78%, while those in the same ZIP code also pay 0.78%. This spread reflects how school district boundaries and local assessment districts are drawn across Independence County. Understanding which part of Cord you live in can make a meaningful difference to your annual tax bill.
Cord homeowners who believe their assessed value is too high can file a formal appeal with the local 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 Cord, 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 Cord'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 Cord Tax Rate
0.78%
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
1.27%
Property Tax Rates Across Cord, Independence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72524 | 0.20% | 0.42% | 0.78% | 0.98% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Cord, Independence County, Arkansas
When examining property taxes in Cord, 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 assessment 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.
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 Cord.
For example, the median home price in Cord is $63,150, with tax bills ranging significantly across the county. 72524 has the highest median home price at $63,150.
Property Tax Assessment Values Across Cord, Independence County, Arkansas
Source: Ownwell
$37,900
$62,275
$86,650
Median Cord Market Value
$63,150
Median Independence County Market Value
$67,050
Median Arkansas Market Value
$118,750
Median United States Market Value
$274,101
Property Tax Assessment Values Across Cord, Independence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72524 | $17,650 | $31,750 | $63,150 | $105,075 | $190,550 |
Source: Ownwell
Property Tax Bills Across Cord, Independence County, Arkansas
Property tax bills in Cord are calculated from the assessed value of a home and the local tax rate set by taxing authorities in Independence County. When a property’s market value changes, its assessed value can change too, which affects the final bill homeowners receive. Local budgets, school funding, and other public services all play a role in determining how much tax is owed.
With a median home price of $63,150, property taxes can still vary widely from one homeowner to another. The 25th percentile tax bill is $172, while the 75th percentile is $790 and the 90th percentile reaches $1,514. The median tax bill in the city is $412, which is well below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%.
For homeowners, that means a lower bill than many parts of the country, but the amount still depends on how the home is assessed and which local levies apply.
Median Cord Tax Bill
$412
Median Independence County Tax Bill
$416
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$3,209
Property Tax Bills Across Cord, Independence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72524 | $70 | $172 | $412 | $790 | $1,514 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 17 |
Links | |
|---|---|
| Independence Tax Assessor | |
| Website | www.actdatascout.com |