Newhope, Pike County, Arkansas Property Taxes
Property Taxes in Newhope, Arkansas
Median Newhope, Arkansas effective property tax rate: 0.93%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median Newhope, Arkansas home value: $46,300
Median annual Newhope, Arkansas tax bill: $402, lower than the national median property tax bill of $2,400.
How are property taxes in Pike calculated?
Property taxes in Newhope, 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 Newhope's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Newhope, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Newhope, Pike County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.93%
Estimate Property Tax Bill
$431
$400
How Does the Newhope Property Tax Calculator Work?
Use this Newhope property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Newhope's median effective tax rate of 0.93% — based on actual property records in Pike County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Newhope's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Newhope: rates range from 0.93% in 71959 to 0.93% in 71959, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Newhope.
About Newhope Property Taxes
About Property Taxes in Newhope, Pike, Arkansas
Newhope's median effective property tax rate of 0.93% is lower than the Arkansas state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Pike County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Newhope. Homeowners in the 71959 ZIP code carry a median effective rate of 0.93%, while those in the lowest ZIP also pay 0.93%. This spread reflects how school district boundaries and local assessment districts are drawn across Pike County. Understanding which part of Newhope you live in can make a meaningful difference to your annual tax bill.
Newhope homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the August 17, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Newhope, Pike County, Arkansas
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, 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.
Below, you can compare NeWHOPE's effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.
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 NewhopeTax Rate
0.93%
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 PikeCounty Tax Rate
0.81%
Median Effective ArkansasTax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Newhope, Pike County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71959 | 0.69% | 0.86% | 0.93% | 0.93% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Newhope, Pike County, Arkansas
When examining property taxes in NeWHOPE, 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 Pike County assessor 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 Pike County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of July.
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. For example, the median home price in NeWHOPE is $46,300, with tax bills ranging significantly across the county. 71959 has the highest median home price at $46,300.
Property Tax Assessment Values Across Newhope, Pike County, Arkansas
Source: Ownwell
$34,150
$55,313
$76,475
Median Newhope Market Value
$46,300
Median Pike County Market Value
$59,800
Median Arkansas Market Value
$118,750
Median United States Market Value
$235,294
Property Tax Assessment Values Across Newhope, Pike County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71959 | $7,153 | $19,400 | $46,300 | $74,408 | $116,850 |
Source: Ownwell
Property Tax Bills Across Newhope, Pike County, Arkansas
Property tax bills in Newhope are calculated from a home’s assessed value and the local tax rate set by taxing authorities in Pike County. A property’s market value is reviewed, then the assessed value is used to determine how much tax is owed. For homeowners in Newhope, this means the bill can change when a home’s value changes or when local tax rates are adjusted.
The median home price in the city is $46,300, and the median property tax bill is $402.00. That is well below the national median property tax bill of $2,400 and also below the national median property tax rate of 1.02%. Tax bills in the city vary, with the 25th percentile at $177 and the 75th percentile at $645, while the 90th percentile reaches $928. These differences show how property tax bills depend on both the home’s value and the tax rate applied, which can have a meaningful impact on household costs.
Median Newhope Tax Bill
$402
Median Pike County Tax Bill
$495
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Newhope, Pike County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71959 | $69 | $177 | $402 | $645 | $928 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 17 |
Links | |
|---|---|
| Pike Tax Assessor | |
| Website | www.arcountydata.com |