Salado, Independence County, Arkansas Property Taxes

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

Median Salado, Arkansas effective property tax rate: 0.35%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Salado, Arkansas home value: $59,250
Median annual Salado, Arkansas tax bill: $210, $2,190 lower than the national median property tax bill of $2,400.

How are property taxes in Independence County calculated?

Property taxes in Salado, 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 Salado’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Salado, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Salado, Independence County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.35%

Estimate Property Tax Bill

$207

$192

Ownwell’s Salado Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Salado with just two data points. By entering your property's estimated assessed value, our calculator applies Salado’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 Salado, Independence County, Arkansas

Local government entities are responsible for setting property tax rates, which can vary significantly within a state. Each year, counties determine their budgetary needs to fund public services and divide this amount by the total value of all taxable properties in their area. This calculation establishes the property tax rate. While this process involves votes and legislative measures, it essentially boils down to this annual assessment.

In Salado, located in county 05063, Arkansas, the effective property tax rate offers an interesting perspective when compared to other cities within Arkansas and the broader national landscape. With a median property tax rate of 0.35% in Independence County, Salado's rate is notably lower than the national median of 1.02%. This translates to a more affordable tax bill for property owners in Salado, as the national median property tax bill stands at $2,400. This comparison highlights how property tax rates can influence the overall cost of homeownership, making Salado an appealing option for those looking to benefit from lower property tax obligations.

Property Tax Rates Across Salado, 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 Salado Tax Rate

0.35%

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 Salado, Independence County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72575	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Salado, Independence County, Arkansas

When examining property taxes in Salado, 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 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 Salado. For example, the median home price in Salado is $59,250, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Salado, Independence County, Arkansas

Source: Ownwell

$37,550

$61,275

$85,000

Median Salado Market Value

$59,250

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 Salado, Independence County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72575	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Salado, Independence County, Arkansas

In Salado, Arkansas, property tax bills are determined based on the assessed value of a home, which is a fraction of its market value. The local tax rate is then applied to this assessed value to calculate the final tax bill. With a median home price of $59,250, homeowners in Salado generally face property tax bills around $210, which is significantly lower than the national median property tax bill of $2,400. This difference highlights the relatively lower tax burden for homeowners in the area. Despite these lower rates, property taxes can still impact household budgets, particularly if assessments are inaccurate or if homeowners are not taking advantage of available exemptions. Here, Ownwell steps in to assist homeowners by offering expert property tax appeal and exemption services. By ensuring that property assessments are fair and that homeowners benefit from all eligible exemptions, Ownwell helps reduce tax liabilities, providing valuable savings. Homeowners can thus enjoy peace of mind knowing their property taxes are minimized.

Property Tax Bills Across Salado, Independence County, Arkansas

Source: Ownwell

$150

$361

$572

Median Salado Tax Bill

$210

Median Independence County Tax Bill

$426

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Salado, Independence County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72575	N/A	N/A	N/A	N/A	N/A

Source: Ownwell