Newhope, Pike County, Arkansas Property Taxes

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

Median New Hope, Arkansas effective property tax rate: 0.89%, significantly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median New Hope, Arkansas home value: $50,575
Median annual New Hope, Arkansas tax bill: $422, $1,978 lower than the national median property tax bill of $2,400.

How are property taxes in Pike County calculated?

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

Last Updated March 1, 2025

Newhope, Pike County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.93%

Estimate Property Tax Bill

$431

$400

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

Property Tax Rates Across Newhope, Pike County, Arkansas

Local government entities determine property tax rates, which can differ significantly within a state. This variation occurs because each county annually calculates its budgetary needs for public services and divides this by the total assessed value of all taxable properties in its area. The outcome of this calculation is the property tax rate. While setting these rates involves votes and legislative processes, this is essentially how it works each year. In New Hope, Pike County, Arkansas, the effective property tax rate can be compared to other cities in Arkansas, as well as to the median property tax rates in the state and across the U.S. With a median property tax rate of 0.89%, New Hope's rate is below the national median of 1.02%. This lower rate can be appealing to property owners, offering potential savings compared to other regions. Understanding these differences can help property owners make informed decisions about appealing their property taxes or seeking exemptions.

Property Tax Rates Across Newhope, Pike County, Arkansas

Source: Ownwell

0.73%

0.86%

0.99%

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 Newhope Tax Rate

0.93%

Median Effective Pike County Tax Rate

0.81%

Median Effective Arkansas Tax 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 New Hope, 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 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 Pike County, 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 New Hope.

For example, the median home price in New Hope is $50,575, with tax bills ranging significantly across the county. The zip code 71959 has the highest median home price at $50,575.

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

In New Hope, Pike County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price here is $50,575. The property tax rate is then applied to this assessed value to determine the tax bill. Homeowners in New Hope typically see a tax bill between $211 at the 25th percentile and $663 at the 75th percentile, with the 90th percentile reaching $1,030. This range reflects the variation in home values and the corresponding tax burdens on residents. Compared to the national median property tax rate of 1.02% and median tax bill of $2,400, New Hope's tax bills are considerably lower. However, ensuring that your property is not over-assessed is crucial. This is where Ownwell comes in, offering expert property tax appeal and exemption services. By reviewing assessments and identifying potential savings, Ownwell helps homeowners reduce their tax bills, providing financial relief and peace of mind.

Property Tax Bills Across Newhope, Pike County, Arkansas

Source: Ownwell

$325

$448

$571

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