Harriet, Searcy County, Arkansas Property Taxes
Median Harriet, AR effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Harriet, AR home value: $42,150
Median annual Harriet, AR tax bill: $377, $2,023 lower than the national median property tax bill of $2,400.
How are property taxes in Searcy calculated?
Property taxes in Harriet, 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 Harriet’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Harriet, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Harriet, Searcy County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.76%
Estimate Property Tax Bill
$320
$297
Property Tax Rates Across Harriet, Searcy County, Arkansas
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services annually 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 Harriet’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S. Harriet, located in Searcy County, has a property tax rate that is notably lower than the national median of 1.02%. This means that homeowners in Harriet enjoy comparatively lower tax bills than many other parts of the country. However, it's essential to understand that while a lower tax rate can be beneficial for property owners, it also reflects the local government's budgetary decisions and the level of public services provided. Understanding these rates can help property owners make informed decisions about appealing their property taxes or seeking exemptions, ultimately leading to potential savings.
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 Harriet Tax Rate
0.76%
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 Searcy County Tax Rate
0.76%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Harriet, Searcy County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72617 | N/A | N/A | N/A | N/A | N/A |
| 72639 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Harriet, Searcy County, Arkansas
When examining property taxes in Harriet, 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 Searcy 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 Searcy 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 Harriet.
For example, the median home price in Harriet is $42,150, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Harriet, Searcy County, Arkansas
Source: Ownwell
$41,900
$82,325
$122,750
Median Harriet Market Value
$42,150
Median Searcy County Market Value
$53,950
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Harriet, Searcy County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72617 | N/A | N/A | N/A | N/A | N/A |
| 72639 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Harriet, Searcy County, Arkansas
In Harriet, located in Searcy 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 in Harriet is $42,150, and homeowners typically face a property tax bill ranging from $191 at the 25th percentile to $1,005 at the 90th percentile. This is significantly lower than the national median property tax bill of $2,400. The tax rate in Harriet is influenced by local government budgets, school funding, and public services, impacting the overall tax burden on homeowners.
For homeowners looking to reduce their property tax bills, Ownwell offers expert property tax appeal services. By analyzing the assessed value of your home and comparing it with similar properties, Ownwell can identify discrepancies and potentially lower your tax bill. With professional guidance, homeowners can ensure they are not overpaying, maximizing savings and reducing financial stress.
Median Harriet Tax Bill
$377
Median Searcy County Tax Bill
$434
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Harriet, Searcy County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72617 | N/A | N/A | N/A | N/A | N/A |
| 72639 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell