Hickory Ridge, Jackson County, Arkansas Property Taxes
Median Hickory Ridge, 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 Hickory Ridge, AR home value: $55,850
Median annual Hickory Ridge, AR tax bill: $264, $2,136 lower than the national median property tax bill of $2,400.
How are property taxes in Jackson County calculated?
Property taxes in Hickory Ridge, 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 Hickory Ridge’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hickory Ridge, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hickory Ridge, Jackson County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.92%
Estimate Property Tax Bill
$514
$477
Property Tax Rates Across Hickory Ridge, Jackson County, Arkansas
Local government entities set property tax rates, which can vary widely within Arkansas. Each year, Jackson County estimates its budgetary needs to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell.
In Hickory Ridge, located in Jackson County, the effective property tax rate is 0.92%. This rate is comparable to the highest and lowest median tax rates within the state, both recorded at 0.92% in the same zip code. When compared to the national median property tax rate of 1.02%, Hickory Ridge's rate is notably lower. This can translate to a lower property tax bill compared to the national median of $2400. While property taxes are just one aspect of homeownership, understanding these rates can provide valuable insights for homeowners and prospective buyers, ensuring they make informed decisions about their investments.
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 Hickory Ridge 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 Jackson County Tax Rate
0.90%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hickory Ridge, Jackson County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72347 | 0.15% | 0.41% | 0.92% | 0.92% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Hickory Ridge, Jackson County, Arkansas
When examining property taxes in Hickory Ridge, 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 Jackson 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 Jackson 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 Hickory Ridge. For example, the median home price in Hickory Ridge is $55,850, with tax bills ranging significantly across the county. Zip code 72347 has the highest median home price at $55,850.
Property Tax Assessment Values Across Hickory Ridge, Jackson County, Arkansas
Source: Ownwell
$18,000
$36,925
$55,850
Median Hickory Ridge Market Value
$55,850
Median Jackson County Market Value
$45,225
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hickory Ridge, Jackson County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72347 | $8,460 | $21,275 | $55,850 | $69,775 | $105,930 |
Source: Ownwell
Property Tax Bills Across Hickory Ridge, Jackson County, Arkansas
Median Hickory Ridge Tax Bill
$264
Median Jackson County Tax Bill
$308
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Hickory Ridge, Jackson County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72347 | $34 | $98 | $264 | $610 | $1,152 |
Source: Ownwell