Jasper, Newton County, Arkansas Property Taxes
Median Jasper, AR effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Jasper, AR home value: $91,100
Median annual Jasper, AR tax bill: $654, $1,746 lower than the national median property tax bill of $2,400.
How are property taxes in Newton County calculated?
Property taxes in Jasper, 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 Jasper’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Jasper, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Jasper, Newton County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.72%
Estimate Property Tax Bill
$656
$609
Property Tax Rates Across Jasper, Newton County, Arkansas
Local government entities set tax rates, which can vary widely within a state. This variance occurs because each year, counties estimate their required budget to provide essential services and then divide that by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Jasper, located in Newton County, property tax rates offer a unique perspective on regional taxation. With a median property tax rate of 0.72%, Jasper aligns closely with the highest and lowest rates within its zip code, 72641. This rate is significantly lower than the national median property tax rate of 1.02%, offering potential savings for property owners when compared to the national landscape.
By examining Jasper's effective property tax rate alongside other cities in Arkansas, as well as state and national medians, property owners can gain valuable insights into how their tax obligations measure up, potentially uncovering opportunities for appeals or exemptions.
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 Jasper Tax Rate
0.72%
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 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 Jasper, Newton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72641 | 0.51% | 0.59% | 0.72% | 0.82% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Jasper, Newton County, Arkansas
When examining property taxes in Jasper, 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.
In Newton 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 Jasper.
For example, the median home price in Jasper is $91,100, with tax bills ranging significantly across the county. Zip code 72641 has the highest median home price at $91,100.
Property Tax Assessment Values Across Jasper, Newton County, Arkansas
Source: Ownwell
$63,150
$83,663
$104,175
Median Jasper Market Value
$91,100
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 Jasper, Newton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72641 | $19,340 | $46,500 | $91,100 | $155,650 | $240,270 |
Source: Ownwell
Property Tax Bills Across Jasper, Newton County, Arkansas
Median Jasper Tax Bill
$654
Median Newton County Tax Bill
$525
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Jasper, Newton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72641 | $156 | $339 | $654 | $1,084 | $1,594 |
Source: Ownwell