Cave City, Sharp County, Arkansas Property Taxes
Median Cave City, AR effective property tax rate: 0.69%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Cave City, AR home value: $83,225
Median annual Cave City, AR tax bill: $548, $1,852 lower than the national median property tax bill of $2,400.
How are property taxes in Sharp County calculated?
Property taxes in Cave City, 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 Cave City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cave City, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cave City, Sharp County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.69%
Estimate Property Tax Bill
$574
$533
Property Tax Rates Across Cave City, Sharp County, Arkansas
Local government entities are responsible for setting tax rates, which can vary significantly even within a single state. This variation is due to the annual process where each county, including Sharp County, estimates its necessary budget for public services and divides it by the total assessed value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and legislation play a role in setting these rates and budgets, this process essentially defines the annual property tax rate.
For residents of Cave City in Sharp County, the effective property tax rate stands at 0.69%, which is below both the Arkansas state median and the national median of 1.02%. This lower rate can offer significant savings compared to other regions. Understanding how these rates compare can provide valuable insights for property owners. While Cave City enjoys a lower rate, it’s essential for property owners to remain informed about changes in tax rates and how they might impact their 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 Cave City Tax Rate
0.69%
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 Sharp County Tax Rate
0.61%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cave City, Sharp County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72521 | 0.48% | 0.58% | 0.69% | 0.88% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Cave City, Sharp County, Arkansas
When examining property taxes in Cave City, 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 Sharp 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 Sharp 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 Cave City.
For example, the median home price in Cave City is $83,225, with tax bills ranging significantly across the county. Zip code 72521 has the highest median home price at $83,225.
Property Tax Assessment Values Across Cave City, Sharp County, Arkansas
Source: Ownwell
$55,400
$77,550
$99,700
Median Cave City Market Value
$83,225
Median Sharp County Market Value
$83,700
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cave City, Sharp County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72521 | $22,005 | $50,800 | $83,225 | $129,212 | $193,570 |
Source: Ownwell
Property Tax Bills Across Cave City, Sharp County, Arkansas
Median Cave City Tax Bill
$548
Median Sharp County Tax Bill
$481
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Cave City, Sharp County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72521 | $178 | $353 | $548 | $828 | $1,267 |
Source: Ownwell
