Harrison, Marion County, Arkansas Property Taxes

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

Median Harrison, AR effective property tax rate: 0.85%, slightly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Harrison, AR home value: $85,775
Median annual Harrison, AR tax bill: $661, $1,739 lower than the national median property tax bill of $2,400.

How are property taxes in Marion County calculated?

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

Last Updated March 1, 2025

Harrison, Marion County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.87%

Estimate Property Tax Bill

$756

$702

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

Property Tax Rates Across Harrison, Marion County, Arkansas

Local government entities set tax rates, and these rates can differ significantly within a state. This variation is due to each county annually estimating its required budget for services and dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In Harrison, located in Boone County, Arkansas, the effective property tax rate stands at 0.85%. This rate is notably lower than the national median property tax rate of 1.02%, offering an advantageous position for property owners in the area. Compared to other cities in Arkansas, Harrison maintains a competitive rate, reflecting the county’s efficient budgeting and resource allocation. The median property tax bill in Harrison is also likely to be below the national median of $2,400, making it an attractive location for homeowners seeking lower property tax liabilities. Understanding these local tax dynamics can be crucial for property owners looking to maximize their investment and manage expenses effectively.

Property Tax Rates Across Harrison, Marion County, Arkansas

Source: Ownwell

0.79%

0.90%

1.01%

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 Harrison Tax Rate

0.87%

Median Effective Marion County Tax Rate

0.91%

Median Effective Arkansas Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Harrison, Marion County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72601	0.58%	0.71%	0.87%	0.91%	0.91%

Source: Ownwell

Property Tax Assessment Values Across Harrison, Marion County, Arkansas

When examining property taxes in Harrison, AR, 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 Marion 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. Assessment notices: In Marion 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 Harrison. For example, the median home price in Harrison is $85,775, with tax bills ranging significantly across the county. Zip code 72601 has the highest median home price at $85,775.

Property Tax Assessment Values Across Harrison, Marion County, Arkansas

Source: Ownwell

$43,750

$94,625

$145,500

Median Harrison Market Value

$86,925

Median Marion County Market Value

$90,800

Median Arkansas Market Value

$118,750

Median United States Market Value

$235,294

Property Tax Assessment Values Across Harrison, Marion County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72601	$13,700	$40,938	$86,925	$126,738	$178,500

Source: Ownwell

Property Tax Bills Across Harrison, Marion County, Arkansas

In Harrison, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For homeowners in Marion County, this means that the tax bill is determined by multiplying the assessed value by the local tax rate. The median home price in Harrison is $85,775, significantly lower than the national median, which contributes to a median property tax bill of $661. This is well below the national median property tax bill of $2,400. Factors such as property size, location, and improvements can affect the assessed value, and consequently, the tax bill. Homeowners in Harrison may face tax bills that range from $276 at the 25th percentile to $1,067 at the 75th percentile, with the highest bills reaching $1,441 at the 90th percentile. Ownwell can assist homeowners by identifying potential savings through property tax appeals and exemptions, ensuring that they do not overpay on their property taxes.

Property Tax Bills Across Harrison, Marion County, Arkansas

Source: Ownwell

$381

$684

$987

Median Harrison Tax Bill

$669

Median Marion County Tax Bill

$733

Median Arkansas Tax Bill

$870

Median United States Tax Bill

$2,400

Property Tax Bills Across Harrison, Marion County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72601	$112	$310	$669	$1,054	$1,446

Source: Ownwell