Berryville, Newton County, Arkansas Property Taxes

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

Median Berryville, AR effective property tax rate: 0.84%, significantly lower than the national median of 1.02%, but on par with the Arkansas state median of 0.84%. Median Berryville, AR home value: $10,700. Median annual Berryville, AR tax bill: $90, $2,310 lower than the national median property tax bill of $2,400.

How are property taxes in Newton calculated?

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

Last Updated March 1, 2025

Berryville, Newton County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.84%

Estimate Property Tax Bill

$90

$83

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

Property Tax Rates Across Berryville, Newton County, Arkansas

Local government entities determine property tax rates, which can differ significantly within a state. This variation occurs because each county, like 05101 in Arkansas, calculates its annual budgetary needs for essential services, then divides this by the total assessed value of all taxable properties in its area. This method establishes the property tax rate. Although setting tax rates and budgets involves legal processes and community votes, this is the core of the yearly procedure.

In Berryville, located in 05101, Arkansas, the effective property tax rate can be compared to other cities within the state and the national averages. The median property tax rate in Arkansas is notably lower than the national median rate of 1.02%. This means residents in Berryville may benefit from a lower property tax burden compared to many other parts of the country. Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively. By staying informed, property owners in Berryville can take advantage of potential savings and ensure they are not overpaying on property taxes.

Property Tax Rates Across Berryville, Newton County, Arkansas

Source: Ownwell

0.52%

0.67%

0.81%

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 Berryville Tax Rate

0.84%

Median Effective Newton County Tax Rate

0.71%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Berryville, Newton County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72616	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Berryville, Newton County, Arkansas

When examining property taxes in Berryville, 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 Newton County Assessor's Office 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: 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 Berryville. For example, the median home price in Berryville is $10,700, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Berryville, Newton County, Arkansas

Source: Ownwell

$63,150

$83,663

$104,175

Median Berryville Market Value

$10,700

Median Newton County Market Value

$77,850

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Berryville, Newton County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72616	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Berryville, Newton County, Arkansas

In Berryville, located in Newton County, AR, property tax bills are calculated based on the assessed value of a home, which is determined by a percentage of the market value. The median home price in Berryville is significantly lower than the national average, which results in a lower tax bill for homeowners. Tax bills in Berryville are relatively modest, with amounts at the 25th, 75th, and 90th percentiles all being $90. This is substantially lower than the national median property tax bill of $2,400. Homeowners in Berryville benefit from these lower rates, however, they still have opportunities to save even more. Factors such as exemptions and appeals can influence the final tax bill. Ownwell assists homeowners by identifying potential savings through property tax appeals and ensuring all eligible exemptions are applied. By leveraging expert knowledge, Ownwell helps homeowners in Berryville minimize their property tax obligations, ensuring they only pay what is necessary.

Property Tax Bills Across Berryville, Newton County, Arkansas

Source: Ownwell

$396

$541

$685

Median Berryville Tax Bill

$90

Median Newton County Tax Bill

$525

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Berryville, Newton County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72616	N/A	N/A	N/A	N/A	N/A

Source: Ownwell