Harvey, Scott County, Arkansas Property Taxes

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

Median Harvey, 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 Harvey, Arkansas home value: $50,825
Median annual Harvey, Arkansas tax bill: $373, $2,027 lower than the national median property tax bill of $2,400.

How are property taxes in Scott County calculated?

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

Last Updated March 1, 2025

Harvey, Scott 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

$391

$363

Ownwell’s Harvey Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Harvey with just two data points.

By entering your property's estimated assessed value, our calculator applies Harvey’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 Scott County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Harvey, Scott County, Arkansas

Local government entities set property 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, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Harvey, located in Scott County, Arkansas, the effective property tax rate is a reflection of this process. Compared to other cities in Arkansas, Harvey's property tax rate aligns with the state's median, which is notably lower than the national median property tax rate of 1.02%. This can be an attractive factor for property owners in Harvey, providing a more affordable tax burden compared to the national average.

Understanding these rates is crucial for property owners looking to optimize their tax liabilities. By comparing Harvey's effective property tax rate to other cities in Arkansas and the U.S., property owners can make informed decisions and potentially benefit from appealing or seeking exemptions where applicable.

Property Tax Rates Across Harvey, Scott County, Arkansas

Source: Ownwell

0.77%

0.81%

0.86%

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 Harvey Tax Rate

0.77%

Median Effective Scott County Tax Rate

0.77%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Harvey, Scott County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72841	0.56%	0.74%	0.77%	0.77%	0.77%

Source: Ownwell

Property Tax Assessment Values Across Harvey, Scott County, Arkansas

When examining property taxes in Harvey, 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 Scott 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 Scott 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 Harvey.

For example, the median home price in Harvey is $50,825, with tax bills ranging significantly across the county. Zip code 72841 has the highest median home price at $50,825.

Property Tax Assessment Values Across Harvey, Scott County, Arkansas

Source: Ownwell

$31,450

$45,613

$59,775

Median Harvey Market Value

$50,825

Median Scott County Market Value

$49,950

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Harvey, Scott County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72841	$9,400	$24,788	$50,825	$81,388	$117,200

Source: Ownwell

Property Tax Bills Across Harvey, Scott County, Arkansas

In Harvey, Scott County, AR, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The tax rate is then applied to this assessed value. With a median home price of $50,825, homeowners typically receive a tax bill that falls between $232 and $846, depending on various factors like property size and location. The median property tax bill in this area is $373, significantly lower than the national median of $2,400, highlighting the affordability for local homeowners. However, even with lower rates, ensuring your tax bill is accurate is crucial. Factors such as property improvements or changes in market value can impact assessments, potentially leading to higher bills. This is where Ownwell steps in. By providing expert property tax appeal services, Ownwell helps homeowners identify discrepancies in their assessments and secure potential savings. With a focus on accuracy and fairness, Ownwell ensures homeowners only pay their fair share, maximizing savings and minimizing stress.

Property Tax Bills Across Harvey, Scott County, Arkansas

Source: Ownwell

$233

$353

$472

Median Harvey Tax Bill

$373

Median Scott County Tax Bill

$385

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Harvey, Scott County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72841	$113	$232	$373	$630	$846

Source: Ownwell