Hackett, Sebastian County, Arkansas Property Taxes
Median Hackett, AR effective property tax rate: 0.94%, slightly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Hackett, AR home value: $75,975
Median annual Hackett, AR tax bill: $658, $1,742 lower than the national median property tax bill of $2,400.
How are property taxes in Sebastian County calculated?
Property taxes in Hackett, 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 Hackett’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hackett, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hackett, Sebastian County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.94%
Estimate Property Tax Bill
$714
$663
Property Tax Rates Across Hackett, Sebastian County, Arkansas
Local government entities determine tax rates, and these can vary significantly within a state. This is because each county annually 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. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Hackett, located in Sebastian County, the effective property tax rate is 0.94%, which aligns with the highest and lowest rates within the area. This figure is slightly below the national median property tax rate of 1.02%. When comparing Hackett's property tax rate to other cities in Arkansas, it is evident that Hackett maintains a competitive rate, potentially offering residents a more affordable property tax bill compared to the national median bill of $2,400. Understanding these rates can help property owners make informed decisions about their investments and financial planning.
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 Hackett Tax Rate
0.94%
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 Sebastian County Tax Rate
1.04%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hackett, Sebastian County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72937 | 0.64% | 0.84% | 0.94% | 0.96% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Hackett, Sebastian County, Arkansas
When examining property taxes in Hackett, 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 Sebastian County Assessor's Office 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 Sebastian 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 Hackett. For example, the median home price in Hackett is $75,975, with tax bills ranging significantly across the county. Zip code 72937 has the highest median home price at $75,975.
Property Tax Assessment Values Across Hackett, Sebastian County, Arkansas
Source: Ownwell
$41,350
$117,283
$193,215
Median Hackett Market Value
$75,975
Median Sebastian County Market Value
$104,400
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hackett, Sebastian County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72937 | $20,250 | $41,238 | $75,975 | $127,875 | $184,800 |
Source: Ownwell
Property Tax Bills Across Hackett, Sebastian County, Arkansas
In Hackett, located in Sebastian County, AR, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value of the property. Factors such as location, property size, and improvements can influence this value. Homeowners in Hackett face a median property tax bill of $658, which is considerably lower than the national median of $2400. This lower tax bill is partly due to the region's lower median home price of $75,975. However, tax bills can vary, with amounts ranging from $362 at the 25th percentile to $1631 at the 90th percentile.
Ownwell offers valuable assistance to homeowners by analyzing their property tax assessments and identifying opportunities for appeals or exemptions. By leveraging their expertise, homeowners can potentially reduce their tax liabilities and ensure they are not overpaying. This service provides peace of mind and financial relief, making it an essential resource for property owners in Hackett seeking to optimize their property tax expenses.
Median Hackett Tax Bill
$658
Median Sebastian County Tax Bill
$994
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Hackett, Sebastian County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72937 | $194 | $362 | $658 | $1,129 | $1,631 |
Source: Ownwell