Mtn Home, Marion County, Arkansas Property Taxes
Median Mountain Home, Arkansas effective property tax rate: 0.67%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%. Median Mountain Home, Arkansas home value: $29,300. Median annual Mountain Home, Arkansas tax bill: $195, $2,205 lower than the national median property tax bill of $2,400.
How are property taxes in Marion County calculated?
Property taxes in Mountain Home, 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 Mountain Home’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mountain Home, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mtn Home, Marion County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.67%
Estimate Property Tax Bill
$196
$182
Property Tax Rates Across Mtn Home, Marion County, Arkansas
Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation occurs because each county estimates its budgetary needs for essential services annually and divides that amount by the total assessed value of all taxable property within its borders. This calculation determines the property tax rate. While the process involves votes and legislation, this is the basic annual procedure.
In Mountain Home, Baxter County, Arkansas, the effective property tax rate is a crucial factor for homeowners. Baxter County's median tax rate stands at 0.52%, which is notably lower than the national median property tax rate of 1.02%. This means property owners in Mountain Home benefit from relatively lower property tax bills compared to the national average. Additionally, the median property tax bill in Baxter County is $644, significantly below the national median of $2400. These lower rates can be attractive to potential homeowners and investors looking for more affordable property tax burdens. Comparing Mountain Home's effective property tax rate to other cities in Arkansas and the median rates in the state and the U.S. highlights the cost-effectiveness of owning property in this region.
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 Mtn Home Tax Rate
0.67%
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 Marion County Tax Rate
0.86%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mtn Home, Marion County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72653 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Mtn Home, Marion County, Arkansas
When examining property taxes in MTN HOME, 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 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 Marion 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 MTN HOME. For example, the median home price in MTN HOME is $29,300, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Mtn Home, Marion County, Arkansas
Source: Ownwell
$43,525
$118,475
$193,425
Median Mtn Home Market Value
$29,300
Median Marion County Market Value
$88,850
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mtn Home, Marion County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72653 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Mtn Home, Marion County, Arkansas
Median Mtn Home Tax Bill
$195
Median Marion County Tax Bill
$708
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Mtn Home, Marion County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72653 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell