Hartman, Johnson County, Arkansas Property Taxes
Median Hartman, AR effective property tax rate: 0.65%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Hartman, AR home value: $58,450
Median annual Hartman, AR tax bill: $331, $2,069 lower than the national median property tax bill of $2,400.
How are property taxes in Johnson County calculated?
Property taxes in Hartman, 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 Hartman’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hartman, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hartman, Johnson County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.68%
Estimate Property Tax Bill
$406
$377
Property Tax Rates Across Hartman, Johnson County, Arkansas
Local government entities are responsible for setting property tax rates, which can vary significantly within a state. The process involves each county estimating its required budget to provide essential services, which is then divided by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the general annual process.
In Hartman, located in Johnson County, Arkansas, property tax rates are part of this dynamic system. When comparing Hartman's effective property tax rate to other cities in Arkansas, it is evident that rates can differ notably across the state. The median property tax rate in Arkansas is lower than the national median, which can be an appealing factor for property owners in Hartman. Understanding local property tax rates in comparison to state and national medians can provide valuable insights for homeowners and potential buyers, highlighting the importance of evaluating these rates as part of the decision-making process when purchasing or owning property.
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 Hartman Tax Rate
0.68%
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 Johnson County Tax Rate
0.72%
Median Effective Arkansas Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hartman, Johnson County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72840 | 0.11% | 0.26% | 0.68% | 1.05% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Hartman, Johnson County, Arkansas
When examining property taxes in Hartman, 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. This value is used to calculate your property taxes by multiplying it with your tax rate to get your tax bill.
In Johnson County, assessment notices are sent in the spring each year, typically reaching 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 Hartman.
For example, the median home price in Hartman is $58,450, with tax bills ranging significantly across the county. Zip code 72840 has the highest median home price at $58,450.
Property Tax Assessment Values Across Hartman, Johnson County, Arkansas
Source: Ownwell
$45,400
$67,450
$89,500
Median Hartman Market Value
$59,675
Median Johnson County Market Value
$80,600
Median Arkansas Market Value
$118,750
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hartman, Johnson County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72840 | $16,000 | $32,550 | $59,675 | $101,400 | $156,255 |
Source: Ownwell
Property Tax Bills Across Hartman, Johnson County, Arkansas
Median Hartman Tax Bill
$357
Median Johnson County Tax Bill
$497
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Hartman, Johnson County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72840 | $41 | $97 | $357 | $708 | $1,229 |
Source: Ownwell