Cord, Independence County, Arkansas Property Taxes

Name: Property Tax Bills Across Cord, Independence County, Arkansas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Cord, Arkansas effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Cord, Arkansas home value: $63,425
Median annual Cord, Arkansas tax bill: $408, $1,992 lower than the national median property tax bill of $2,400.

How are property taxes in Independence County 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 March 1, 2025

Cord, Independence County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.76%

Estimate Property Tax Bill

$482

$447

Ownwell’s Cord Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cord with just two data points. By entering your property's estimated assessed value, our calculator applies Cord’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 Independence County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cord, Independence County, Arkansas

Local government entities set tax rates, which can vary widely within a state. This variation occurs 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. CORD, situated in Independence County, has an effective property tax rate of 0.76%. This rate is below the national median property tax rate of 1.02%, making it an appealing option for property owners seeking lower tax burdens. Compared to the national median property tax bill of $2,400, CORD offers a more affordable alternative, providing residents with significant savings. This lower rate can be particularly beneficial for homeowners looking to maximize their investment while enjoying the amenities and services provided by the local government.

Property Tax Rates Across Cord, Independence County, Arkansas

Source: Ownwell

0.48%

0.70%

0.92%

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

0.76%

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 Cord, Independence County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72524	0.18%	0.43%	0.76%	0.94%	0.94%

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 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 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 Cord.

For example, the median home price in Cord is $63,425, with tax bills ranging significantly across the county. Zip code 72524 has the highest median home price at $63,425.

Property Tax Assessment Values Across Cord, Independence County, Arkansas

Source: Ownwell

$37,550

$61,275

$85,000

Median Cord Market Value

$63,425

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 Cord, Independence County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72524	$17,750	$32,588	$63,425	$105,438	$190,675

Source: Ownwell

Property Tax Bills Across Cord, Independence County, Arkansas

In Cord, property tax bills are calculated based on the assessed value of a home, which is determined by the Independence County assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value. The median home price in Cord is $63,425, and homeowners face a median property tax bill of $408, which is significantly lower than the national median of $2,400. Despite the relatively low tax bills, some homeowners might still find themselves paying more than necessary. For instance, those in the 90th percentile can face tax bills as high as $1,488. Ownwell assists homeowners by reviewing their property assessments to identify potential inaccuracies or overvaluations. By appealing these assessments, Ownwell can help homeowners reduce their tax liabilities, ensuring they only pay their fair share. This service is particularly valuable for those in higher tax brackets or with significant property improvements.

Property Tax Bills Across Cord, Independence County, Arkansas

Source: Ownwell

$150

$361

$572

Median Cord Tax Bill

$408

Median Independence County Tax Bill

$426

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Cord, Independence County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72524	$65	$151	$408	$701	$1,488

Source: Ownwell