Valley Springs, Marion County, Arkansas Property Taxes
Median Valley Springs, AR effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Valley Springs, AR home value: $75,500
Median annual Valley Springs, AR tax bill: $566, $1,834 lower than the national median property tax bill of $2,400.
How are property taxes in Marion County calculated?
Property taxes in Valley 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 Valley Springs’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Valley Springs, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Valley Springs, Marion County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.83%
Estimate Property Tax Bill
$627
$582
Property Tax Rates Across Valley Springs, Marion County, Arkansas
Local government entities have the authority to set tax rates, and these rates can vary significantly within a state. This variation occurs because each county annually estimates its budget needs to provide essential services and divides this by the total value of all taxable properties within its boundaries. The outcome of this calculation is the property tax rate. Though the process involves votes and legislation, this is essentially how it works each year.
In Valley Springs, located in Marion County, Arkansas, the effective property tax rate offers an interesting comparison to other regions. The median property tax rate in Arkansas is 0.83%, which is notably lower than the national median of 1.02%. This means residents in Valley Springs typically experience a lighter tax burden compared to the national average. While the tax rate in Valley Springs aligns with the state median, it is essential for property owners to understand how these rates are determined and the impact they have on their finances. By staying informed and considering property tax appeal and exemption services, homeowners can potentially reduce their tax liabilities and maximize their savings.
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 Valley Springs Tax Rate
0.83%
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 Valley Springs, Marion County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72682 | 0.56% | 0.65% | 0.83% | 0.91% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Valley Springs, Marion County, Arkansas
When examining property taxes in Valley 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 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 Valley Springs. For example, the median home price in Valley Springs is $75,500, with tax bills ranging significantly across the county. Zip code 72682 has the highest median home price at $75,500.
Property Tax Assessment Values Across Valley Springs, Marion County, Arkansas
Source: Ownwell
$43,525
$118,475
$193,425
Median Valley Springs Market Value
$75,500
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 Valley Springs, Marion County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72682 | $18,415 | $34,450 | $75,500 | $134,362 | $210,435 |
Source: Ownwell
Property Tax Bills Across Valley Springs, Marion County, Arkansas
Median Valley Springs Tax Bill
$566
Median Marion County Tax Bill
$708
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Valley Springs, Marion County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72682 | $163 | $247 | $566 | $1,012 | $1,646 |
Source: Ownwell