Guion, Izard County, Arkansas Property Taxes
Median Guion, AR effective property tax rate: 0.92%, significantly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Guion, AR home value: $35,000
Median annual Guion, AR tax bill: $328, $2,072 lower than the national median property tax bill of $2,400.
How are property taxes in Izard County calculated?
Property taxes in Guion, 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 Guion’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Guion, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Guion, Izard County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.92%
Estimate Property Tax Bill
$322
$299
Property Tax Rates Across Guion, Izard County, Arkansas
Local government entities set tax rates, which can vary widely within a state. 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.
In Guion, located in Izard County, Arkansas, the effective property tax rate is 0.92%. This is slightly below the national median property tax rate of 1.02%. However, it aligns with the median property tax rate for Arkansas, reflecting the state’s generally lower property tax burden compared to the national average. Homeowners in Guion benefit from this lower rate, paying less in property taxes compared to many other parts of the country. This can be particularly appealing for those looking to manage costs while enjoying the benefits of property ownership. Comparing Guion’s rate to other cities in Arkansas and the national median highlights the relative affordability of property taxes in this region.
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 Guion Tax Rate
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 Izard County Tax Rate
0.75%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Guion, Izard County, Arkansas
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
72540 | 0.38% | 0.65% | 0.92% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Guion, Izard County, Arkansas
When examining property taxes in Guion, 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 Izard 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 Izard 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 Guion.
For example, the median home price in Guion is $35,000, with tax bills ranging significantly across the county. Zip code 72540 has the highest median home price at $35,000.
Property Tax Assessment Values Across Guion, Izard County, Arkansas
Source: Ownwell
$24,500
$97,500
$170,500
Median Guion Market Value
$35,000
Median Izard County Market Value
$60,000
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Guion, Izard County, Arkansas
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
72540 | $10,490 | $20,800 | $35,000 | $83,700 | $163,530 |
Source: Ownwell
Property Tax Bills Across Guion, Izard County, Arkansas
Median Guion Tax Bill
$328
Median Izard County Tax Bill
$375
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Guion, Izard County, Arkansas
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
72540 | $66 | $156 | $328 | $697 | $1,250 |
Source: Ownwell