Cushman, Independence County, Arkansas Property Taxes
Median Cushman, AR effective property tax rate: 0.73%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Cushman, AR home value: $37,550
Median annual Cushman, AR tax bill: $155, $2,245 lower than the national median property tax bill of $2,400.
How are property taxes in Independence calculated?
Property taxes in Cushman, 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 Cushman’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cushman, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cushman, 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
$216
$200
Property Tax Rates Across Cushman, Independence County, Arkansas
Local government entities set tax rates, and these can vary significantly within a state. This variation occurs because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Cushman, located in Independence County, Arkansas, the effective property tax rate is 0.73%. This rate is notably lower than the national median property tax rate of 1.02%. When comparing Cushman's rate to other cities in Arkansas, it aligns with the state’s median, offering a more affordable option for homeowners. The median property tax bill in Cushman is also significantly less than the national median of $2,400, making it an attractive location for property owners seeking lower tax burdens. By understanding these dynamics, homeowners can better navigate their property tax obligations and potentially save money.
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 Cushman 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
0.68%
Median Effective Arkansas Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cushman, Independence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72526 | 0.14% | 0.18% | 0.54% | 1.06% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Cushman, Independence County, Arkansas
When examining property taxes in Cushman, 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 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 Cushman.
For example, the median home price in Cushman is $37,550, with tax bills ranging significantly across the county. Zip code 72526 has the highest median home price at $37,550.
Property Tax Assessment Values Across Cushman, Independence County, Arkansas
Source: Ownwell
$37,900
$62,275
$86,650
Median Cushman Market Value
$39,925
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 Cushman, Independence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72526 | $8,745 | $21,788 | $39,925 | $57,275 | $107,100 |
Source: Ownwell
Property Tax Bills Across Cushman, Independence County, Arkansas
In Cushman, located in Independence County, Arkansas, property tax bills are calculated based on the assessed value of a home, which is determined by a percentage of the home's market value. The property tax rate is then applied to this assessed value to calculate the tax bill. With a median home price of $37,550, homeowners in Cushman might expect a tax bill around the county's median of $155. This is significantly lower than the national median property tax bill of $2,400. However, tax bills can vary widely, with some homeowners paying as little as $65 or as much as $617, depending on the assessed value of their property and other factors such as exemptions or local tax rates.
For homeowners seeking to reduce their property tax bills, Ownwell offers expert property tax appeal and exemption services. By analyzing assessments and identifying potential errors or overlooked exemptions, Ownwell helps homeowners ensure their property taxes are fair and accurate, potentially saving them money and reducing their annual financial burden.
Median Cushman Tax Bill
$142
Median Independence County Tax Bill
$416
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Cushman, Independence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72526 | $64 | $65 | $142 | $332 | $619 |
Source: Ownwell