Mount Ida, Montgomery County, Arkansas Property Taxes

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

Median Mount Ida, AR effective property tax rate: 0.54%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Mount Ida, AR home value: $135,850
Median annual Mount Ida, AR tax bill: $636, $1,764 lower than the national median property tax bill of $2,400.

How are property taxes in Montgomery County calculated?

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

Last Updated March 1, 2025

Mount Ida, Montgomery County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.54%

Estimate Property Tax Bill

$734

$681

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

Property Tax Rates Across Mount Ida, Montgomery County, Arkansas

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually 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 Mount Ida’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 Mount Ida, Montgomery County, Arkansas

Source: Ownwell

0.54%

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 Mount Ida Tax Rate

0.54%

Median Effective Montgomery County Tax Rate

0.50%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mount Ida, Montgomery County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
71957	0.15%	0.32%	0.54%	0.63%	0.83%

Source: Ownwell

Property Tax Assessment Values Across Mount Ida, Montgomery County, Arkansas

When examining property taxes in Mount Ida, 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 Montgomery 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 Montgomery County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Mount Ida. For example, the median home price in Mount Ida is $135,850, with tax bills ranging significantly across the county. Zip code 71957 has the highest median home price at $135,850.

Property Tax Assessment Values Across Mount Ida, Montgomery County, Arkansas

Source: Ownwell

$135,850

Median Mount Ida Market Value

$135,850

Median Montgomery County Market Value

$93,000

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mount Ida, Montgomery County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
71957	$31,020	$70,250	$135,850	$225,800	$359,600

Source: Ownwell

Property Tax Bills Across Mount Ida, Montgomery County, Arkansas

In Mount Ida, Montgomery County, AR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in the area is $135,850, and property tax rates are applied to this assessed value to determine the tax bill. Factors such as the home's location, size, and any improvements made can influence the assessed value. Compared to the national median property tax bill of $2,400, Mount Ida's median tax bill is significantly lower, with the highest and lowest median tax bills both at $636 in the 71957 zip code. Despite this, some homeowners may still find their tax bills burdensome. Ownwell can assist homeowners by reviewing their property assessments and identifying any discrepancies or opportunities for exemptions, potentially leading to significant savings. By appealing incorrect assessments or applying for eligible exemptions, homeowners in Mount Ida can reduce their tax burden, ensuring they only pay their fair share.

Property Tax Bills Across Mount Ida, Montgomery County, Arkansas

Source: Ownwell

$636

Median Mount Ida Tax Bill

$636

Median Montgomery County Tax Bill

$397

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Mount Ida, Montgomery County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
71957	$108	$287	$636	$1,220	$1,992

Source: Ownwell