Parthenon, Newton County, Arkansas Property Taxes

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

Median Parthenon, Arkansas effective property tax rate: 0.77%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Parthenon, Arkansas home value: $63,150
Median annual Parthenon, Arkansas tax bill: $475, $1,925 lower than the national median property tax bill of $2,400.

How are property taxes in Newton calculated?

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

Last Updated March 1, 2025

Parthenon, Newton County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.77%

Estimate Property Tax Bill

$486

$451

Ownwell’s Parthenon Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Parthenon with just two data points. By entering your property's estimated assessed value, our calculator applies Parthenon’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 Parthenon, Newton County, Arkansas

Local government entities in Arkansas determine property tax rates, which can vary significantly across the state. Each county, including 05101, calculates its required budget to fund essential services and divides this by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the core process followed annually.

In Parthenon, located in 05101, the effective property tax rate is a reflection of this process. When compared to other cities in Arkansas, Parthenon's rate aligns with the state's median, which is notably below the national median of 1.02%. This positions Parthenon as an attractive location for property owners seeking lower property tax rates. With the national median property tax bill at $2400, residents here benefit from a more favorable tax environment. Understanding these dynamics can empower property owners to make informed decisions about their investments and potential savings through property tax appeals and exemptions.

Property Tax Rates Across Parthenon, 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 Parthenon Tax Rate

0.77%

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 Parthenon, Newton County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72666	0.58%	0.67%	0.77%	0.81%	0.92%

Source: Ownwell

Property Tax Assessment Values Across Parthenon, Newton County, Arkansas

When examining property taxes in PARTHENON, 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 Newton 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 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 PARTHENON. For example, the median home price in PARTHENON is $63,150, with tax bills ranging significantly across the county. Zip code 72666 has the highest median home price at $63,150.

Property Tax Assessment Values Across Parthenon, Newton County, Arkansas

Source: Ownwell

$63,150

$83,663

$104,175

Median Parthenon Market Value

$63,150

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 Parthenon, Newton County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72666	$15,490	$29,850	$63,150	$107,175	$162,870

Source: Ownwell

Property Tax Bills Across Parthenon, Newton County, Arkansas

In the city of Parthenon, property tax bills are calculated based on the assessed value of a home. This assessment considers various factors, including the property's market value and local tax rates. In Newton County, homeowners face a median property tax bill of $475, significantly lower than the national median of $2,400. Despite this, the tax burden can still be substantial for residents, especially when considering other costs of homeownership. The tax bill can vary widely, with the 25th percentile at $236 and the 90th percentile reaching $1,177. These variations highlight the importance of ensuring an accurate assessment to avoid overpaying. Ownwell assists homeowners in Parthenon by providing expert property tax appeal services. By analyzing property assessments and identifying discrepancies, Ownwell helps reduce tax liabilities. This service can lead to meaningful savings, ensuring homeowners pay only their fair share. With Ownwell's support, residents can navigate the complexities of property taxes with confidence.

Property Tax Bills Across Parthenon, Newton County, Arkansas

Source: Ownwell

$396

$541

$685

Median Parthenon Tax Bill

$475

Median Newton County Tax Bill

$525

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Parthenon, Newton County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72666	$124	$236	$475	$798	$1,177

Source: Ownwell