Waldron, Scott County, Arkansas Property Taxes
Median Waldron, AR 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 Waldron, AR home value: $52,350
Median annual Waldron, AR tax bill: $396, $2,004 lower than the national median property tax bill of $2,400.
How are property taxes in Scott County calculated?
Property taxes in Waldron, 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 Waldron’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Waldron, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Waldron, Scott County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.77%
Estimate Property Tax Bill
$403
$374
Property Tax Rates Across Waldron, Scott 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, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
Waldron in Scott County, Arkansas, presents an interesting case in property taxation. With a median property tax rate of 0.77%, Waldron's rate stands below the national median of 1.02%. This lower rate can be appealing for homeowners seeking affordability in property taxes. When compared to other cities in Arkansas, Waldron's effective property tax rate aligns with the state's median, showcasing a consistent approach across the region.
The lower property tax rate in Waldron may contribute to its appeal as a cost-effective living option, especially when juxtaposed with the national landscape. This can be a significant factor for prospective homeowners or investors looking at property tax implications in their decision-making process.
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 Waldron Tax Rate
0.77%
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 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 Waldron, Scott County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72958 | 0.60% | 0.73% | 0.77% | 0.87% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Waldron, Scott County, Arkansas
When examining property taxes in Waldron, 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 Waldron.
For example, the median home price in Waldron is $52,350, with tax bills ranging significantly across the county. Zip code 72958 has the highest median home price at $52,350.
Property Tax Assessment Values Across Waldron, Scott County, Arkansas
Source: Ownwell
$31,450
$45,613
$59,775
Median Waldron Market Value
$52,350
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 Waldron, Scott County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72958 | $10,465 | $25,350 | $52,350 | $89,000 | $135,655 |
Source: Ownwell
Property Tax Bills Across Waldron, Scott County, Arkansas
Median Waldron Tax Bill
$396
Median Scott County Tax Bill
$385
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Waldron, Scott County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72958 | $96 | $207 | $396 | $673 | $1,004 |
Source: Ownwell