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Eureka Springs, Madison County, Arkansas Property Taxes

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Property Taxes in Eureka Springs, Arkansas

  • Median Eureka Springs, Arkansas effective property tax rate: 0.50%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.

  • Median Eureka Springs, Arkansas home value: $236,750

  • Median annual Eureka Springs, Arkansas tax bill: $876, lower than the national median property tax bill of $2,400.

How are property taxes in Madison calculated?

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

Last Updated April 13, 2026

Eureka Springs, Madison County, Arkansas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.5%

Estimate Property Tax Bill

$1,184

$1,098

How Does the Eureka Springs Property Tax Calculator Work?

Use this Eureka Springs property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Eureka Springs' median effective tax rate of 0.50% — based on actual property records in Madison County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Eureka Springs' median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within Eureka Springs: rates range from 0.50% in 72632 to 0.50% in 72632, primarily due to differences in school district levies and local assessment districts.

For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Eureka Springs.

About Eureka Springs Property Taxes

About Property Taxes in Eureka Springs, Madison, Arkansas

Eureka Springs' median effective property tax rate of 0.50% is lower than the Arkansas state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Madison County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.

Property tax rates are not uniform across Eureka Springs. Homeowners in the 72632 ZIP code carry a median effective rate of 0.50%, while those in 72632 pay 0.50%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Madison County. Understanding which part of Eureka Springs you live in can make a meaningful difference to your annual tax bill.

Eureka Springs homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the August 17, 2026 deadline each year.

If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across Eureka Springs, Madison County, Arkansas

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? Because annually, 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.

Below, you can compare Eureka Springs's effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.

Property Tax Rates Across Eureka Springs, Madison County, Arkansas

Source: Ownwell

0.50%

0.50%

0.50%

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 Eureka Springs Tax Rate

0.50%

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 Madison County Tax Rate

0.46%

Median Effective Arkansas Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Eureka Springs, Madison County, Arkansas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
726320.17%0.21%0.50%0.58%0.82%

Source: Ownwell

Property Tax Assessment Values Across Eureka Springs, Madison County, Arkansas

When examining property taxes in Eureka 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 Madison 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.

Assessment notices:

In Madison County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.

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 Eureka Springs.

For example, the median home price in Eureka Springs is $236,750, with tax bills ranging significantly across the county. 72632 has the highest median home price at $236,750.

Property Tax Assessment Values Across Eureka Springs, Madison County, Arkansas

Source: Ownwell

$236,750

$236,750

$236,750

Median Eureka Springs Market Value

$236,750

Median Madison County Market Value

$136,150

Median Arkansas Market Value

$118,750

Median United States Market Value

$235,294

Property Tax Assessment Values Across Eureka Springs, Madison County, Arkansas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
72632$115,325$194,375$236,750$336,875$517,810

Source: Ownwell

Property Tax Bills Across Eureka Springs, Madison County, Arkansas

Property tax bills in Eureka Springs are calculated from the assessed value of a home, which is based on its market value, and the local tax rate applied to that assessment. For homeowners, this means the bill can rise or fall when property values change or when local taxing authorities adjust rates.

With a median home price of $236,750, property tax bills in the city can vary widely depending on the specific property and its location within Madison County. The 25th percentile tax bill is $458, while the 75th percentile is $1,454 and the 90th percentile reaches $2,443. The median tax bill is $876 in ZIP code 72632.

Compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400, many homeowners in Eureka Springs pay less than the national norm, though individual bills still depend on assessed value and local rates.

Property Tax Bills Across Eureka Springs, Madison County, Arkansas

Source: Ownwell

$876

$876

$876

Median Eureka Springs Tax Bill

$876

Median Madison County Tax Bill

$496

Median Arkansas Tax Bill

$870

Median United States Tax Bill

$2,400

Property Tax Bills Across Eureka Springs, Madison County, Arkansas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
72632$351$458$876$1,454$2,443

Source: Ownwell

Don't miss the deadline to appeal!

Frequently Asked Property Tax Questions in Eureka Springs, Arkansas

How are property taxes calculated in Eureka Springs, Arkansas?
Property taxes in Eureka Springs, Arkansas are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.
How do I appeal my property taxes in Eureka Springs, Arkansas?
To appeal your property taxes in Eureka Springs, Arkansas, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.
What property tax exemptions are available in Eureka Springs, Arkansas?
Common property tax exemptions in Eureka Springs, Arkansas include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.
When are property taxes due in Eureka Springs, Arkansas?
Property tax deadlines in Eureka Springs, Arkansas vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.
How can Ownwell help reduce my property taxes in Eureka Springs, Arkansas?
Ownwell provides professional property tax appeal services in Eureka Springs, Arkansas. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.