Cave Springs, Johnson County, Arkansas Property Taxes

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

Median CAVE SPRINGS, AR effective property tax rate: 0.94%, significantly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median CAVE SPRINGS, AR home value: $33,750
Median annual CAVE SPRINGS, AR tax bill: $318, $2,082 lower than the national median property tax bill of $2,400.

How are property taxes in Johnson calculated?

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

Last Updated March 1, 2025

Cave Springs, Johnson County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.94%

Estimate Property Tax Bill

$317

$294

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

Property Tax Rates Across Cave Springs, Johnson County, Arkansas

Local government entities set tax rates, which can vary widely within a state. Each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. In CAVE SPRINGS, located in county 05071, the effective property tax rate is 0.60%, which is significantly lower than the national median of 1.02%. This means residents of CAVE SPRINGS enjoy a more favorable property tax environment compared to many other areas. The median tax bill in CAVE SPRINGS is $1,800, which is also below the national median of $2,400. This lower tax burden can be attractive to homeowners and potential buyers looking for a cost-effective place to live. When comparing CAVE SPRINGS to other cities in Arkansas and the national averages, it's clear that the city offers a competitive advantage in terms of property taxes, making it an appealing option for those seeking affordability without compromising on quality of life.

Property Tax Rates Across Cave Springs, Johnson County, Arkansas

Source: Ownwell

0.65%

0.80%

0.95%

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 Cave Springs Tax Rate

0.94%

Median Effective Johnson County Tax Rate

0.75%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cave Springs, Johnson County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72718	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Cave Springs, Johnson County, Arkansas

When examining property taxes in Cave Springs, 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 Johnson 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 Johnson 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 Cave Springs. For example, the median home price in Cave Springs is $33,750, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Cave Springs, Johnson County, Arkansas

Source: Ownwell

$45,700

$67,875

$90,050

Median Cave Springs Market Value

$33,750

Median Johnson County Market Value

$80,100

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cave Springs, Johnson County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72718	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Cave Springs, Johnson County, Arkansas

In Cave Springs, Arkansas, property tax bills are calculated based on the assessed value of a home, which is a percentage of the property's market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. In Cave Springs, homeowners experience a relatively low property tax bill, with the 25th, 75th, and 90th percentiles all at $318, significantly below the national median property tax bill of $2,400. This lower tax burden can be attributed to the state's favorable tax policies and the local government's efficient management of resources. However, even with these lower rates, homeowners in Cave Springs can benefit from ensuring their property is assessed accurately. Ownwell offers expert property tax appeal services, helping homeowners verify their assessments and identify potential savings. By leveraging Ownwell's expertise, homeowners can ensure they are not overpaying and can potentially reduce their property tax bills, maximizing their savings while enjoying the benefits of living in Cave Springs.

Property Tax Bills Across Cave Springs, Johnson County, Arkansas

Source: Ownwell

$300

$467

$634

Median Cave Springs Tax Bill

$318

Median Johnson County Tax Bill

$542

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Cave Springs, Johnson County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72718	N/A	N/A	N/A	N/A	N/A

Source: Ownwell