Hector, Searcy County, Arkansas Property Taxes

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

Median Hector, Arkansas effective property tax rate: 0.85%, slightly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Hector, Arkansas home value: $47,950
Median annual Hector, Arkansas tax bill: $407, $1,993 lower than the national median property tax bill of $2,400.

How are property taxes in Searcy calculated?

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

Last Updated March 1, 2025

Hector, Searcy County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.85%

Estimate Property Tax Bill

$408

$378

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

Property Tax Rates Across Hector, Searcy County, Arkansas

As noted earlier, local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide 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. Below, you can compare Hector’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.

Property Tax Rates Across Hector, Searcy County, Arkansas

Source: Ownwell

0.68%

0.74%

0.81%

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 Hector Tax Rate

0.85%

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 Hector, Searcy County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72843	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Hector, Searcy County, Arkansas

When examining property taxes in Hector, 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 Hector. For example, the median home price in Hector is $47,950, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Hector, Searcy County, Arkansas

Source: Ownwell

$41,900

$82,325

$122,750

Median Hector Market Value

$47,950

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 Hector, Searcy County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72843	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Hector, Searcy County, Arkansas

In Hector, a city located in Searcy County, Arkansas, property tax bills are calculated based on the assessed value of a home. The assessed value is derived from a percentage of the property's market value. Homeowners in Hector typically see a median property tax bill of $407, which is significantly lower than the national median of $2,400. This discrepancy highlights the relatively low property tax burden for residents in this area. However, even with lower tax bills, it is important for homeowners to ensure they are not overpaying. Various factors such as changes in the housing market or errors in property assessments can lead to inaccuracies in tax bills. Ownwell provides property tax appeal services that can help homeowners in Hector identify potential savings. By reviewing assessments and identifying discrepancies, Ownwell assists residents in reducing their property tax obligations. This service not only ensures fair taxation but also helps homeowners retain more of their hard-earned money.

Property Tax Bills Across Hector, Searcy County, Arkansas

Source: Ownwell

$314

$612

$910

Median Hector Tax Bill

$407

Median Searcy County Tax Bill

$434

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Hector, Searcy County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72843	N/A	N/A	N/A	N/A	N/A

Source: Ownwell