Sherwood, Pulaski County, Arkansas Property Taxes

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

Median Sherwood, AR effective property tax rate: 0.91%, significantly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Sherwood, AR home value: $176,225
Median annual Sherwood, AR tax bill: $1,511, $889 lower than the national median property tax bill of $2,400.

How are property taxes in Pulaski calculated?

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

Last Updated March 1, 2025

Sherwood, Pulaski County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.91%

Estimate Property Tax Bill

$1,604

$1,488

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

Property Tax Rates Across Sherwood, Pulaski County, Arkansas

Local government entities in Arkansas set tax rates, which can vary widely within the state. Each county estimates its required budget annually to provide essential 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 Sherwood, located in Pulaski County, the effective property tax rate is of particular interest. The median property tax rate in Arkansas is 0.91%, which is below the national median of 1.02%. This offers a favorable comparison for homeowners in Sherwood, as they benefit from lower property tax rates than the national average. Understanding these rates is crucial for property owners in Sherwood, as it affects their overall tax burden. By comparing Sherwood's property tax rate to other cities in Arkansas and the national median, homeowners can gain valuable insights into their financial commitments and make informed decisions about their property investments.

Property Tax Rates Across Sherwood, Pulaski County, Arkansas

Source: Ownwell

0.66%

1.03%

1.40%

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 Sherwood Tax Rate

0.91%

Median Effective Pulaski County Tax Rate

1.04%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Sherwood, Pulaski County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72120	0.68%	0.82%	0.91%	1.02%	1.04%
72102	N/A	N/A	N/A	N/A	N/A
72116	N/A	N/A	N/A	N/A	N/A
72117	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Sherwood, Pulaski County, Arkansas

When examining property taxes in Sherwood, 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 Pulaski 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.

In Pulaski 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 Sherwood.

For example, the median home price in Sherwood is $176,225, with tax bills ranging significantly across the county. Zip code 72120 has the highest median home price at $176,338.

Property Tax Assessment Values Across Sherwood, Pulaski County, Arkansas

Source: Ownwell

$7,850

$191,235

$374,620

Median Sherwood Market Value

$176,225

Median Pulaski County Market Value

$148,242

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Sherwood, Pulaski County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72120	$88,705	$127,026	$176,338	$249,881	$320,767
72102	N/A	N/A	N/A	N/A	N/A
72116	N/A	N/A	N/A	N/A	N/A
72117	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Sherwood, Pulaski County, Arkansas

In Sherwood, property tax bills are calculated based on the assessed value of a home, which is determined by the Pulaski County assessor's office. This assessed value is a percentage of the property's market value. The property tax rate is then applied to this assessed value to determine the tax bill. Sherwood's median property tax bill is $1,512, which is significantly lower than the national median of $2,400. However, tax bills can vary, with the 25th percentile at $1,061 and the 90th percentile reaching $3,039. These variations depend on factors such as property location within Sherwood, improvements made to the property, and any applicable exemptions. For homeowners, these taxes are a crucial consideration as they affect overall housing costs. Ownwell assists homeowners in Sherwood by reviewing property assessments to identify potential savings. By ensuring that properties are not over-assessed, Ownwell helps homeowners reduce their tax bills, potentially saving them hundreds of dollars annually.

Property Tax Bills Across Sherwood, Pulaski County, Arkansas

Source: Ownwell

$80

$2,158

$4,235

Median Sherwood Tax Bill

$1,511

Median Pulaski County Tax Bill

$1,457

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Sherwood, Pulaski County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72120	$698	$1,061	$1,512	$2,232	$3,039
72102	N/A	N/A	N/A	N/A	N/A
72116	N/A	N/A	N/A	N/A	N/A
72117	N/A	N/A	N/A	N/A	N/A

Source: Ownwell