Vendor, Newton County, Arkansas Property Taxes

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

Median VENDOR, AR effective property tax rate: 0.52%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median VENDOR, AR home value: $104,175
Median annual VENDOR, AR tax bill: $512, $1,888 lower than the national median property tax bill of $2,400.

How are property taxes in Newton calculated?

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

Last Updated March 1, 2025

Vendor, Newton County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.52%

Estimate Property Tax Bill

$542

$503

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

Local government entities set tax rates, which can vary widely within a state. Each county 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. In VENDOR, located in Newton County, AR, the effective property tax rate is notably lower than both the state and national medians. With a median property tax rate of 0.52%, residents of VENDOR enjoy a more favorable tax environment compared to the national median of 1.02%. This lower rate can translate into significant savings for homeowners, making VENDOR an attractive location for property investment. By appealing your property tax assessment, you could potentially reduce your tax burden even further. If you're looking to maximize your property investment, understanding these rates and how they compare to state and national averages is crucial.

Property Tax Rates Across Vendor, 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 Vendor Tax Rate

0.52%

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 Vendor, Newton County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72683	0.37%	0.45%	0.52%	0.57%	0.69%

Source: Ownwell

Property Tax Assessment Values Across Vendor, Newton County, Arkansas

When examining property taxes in Vendor, 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 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 Vendor. For example, the median home price in Vendor is $104,175, with tax bills ranging significantly across the county. Zip code 72683 has the highest median home price at $104,175.

Property Tax Assessment Values Across Vendor, Newton County, Arkansas

Source: Ownwell

$63,150

$83,663

$104,175

Median Vendor Market Value

$104,175

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 Vendor, Newton County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72683	$32,660	$56,475	$104,175	$174,962	$239,305

Source: Ownwell

Property Tax Bills Across Vendor, Newton County, Arkansas

In Newton County, Arkansas, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. With a median home price of $104,175, homeowners in the region face a property tax bill that can vary significantly. The 25th percentile tax bill is $306, while the 75th percentile reaches $756, and the 90th percentile can be as high as $1,420. This variability highlights the importance of understanding how property taxes are determined, as these bills can impact homeowners' finances considerably. The county's median property tax bill is $512, which is significantly lower than the national median of $2,400. Despite this, many homeowners may still be paying more than necessary. By partnering with a property tax consultant, homeowners can potentially save on their property tax bills. Our services provide expert analysis and guidance, helping to identify opportunities for appealing assessments or applying for exemptions, ensuring homeowners in Newton County pay only their fair share.

Property Tax Bills Across Vendor, Newton County, Arkansas

Source: Ownwell

$396

$541

$685

Median Vendor Tax Bill

$512

Median Newton County Tax Bill

$525

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Vendor, Newton County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72683	$180	$306	$512	$756	$1,420

Source: Ownwell