Cherokee Village, Sharp County, Arkansas Property Taxes
Property Taxes in Cherokee Village, Arkansas
Median Cherokee Village, Arkansas effective property tax rate: 0.63%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median Cherokee Village, Arkansas home value: $90,025
Median annual Cherokee Village, Arkansas tax bill: $549, $1,851 lower than the national median property tax bill of $2,400.
How are property taxes in Sharp County calculated?
Property taxes in Cherokee Village, 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 Cherokee Village's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cherokee Village, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Cherokee Village, Sharp County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.63%
Estimate Property Tax Bill
$567
$526
How Does the Cherokee Village Property Tax Calculator Work?
Use this Cherokee Village property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Cherokee Village's median effective tax rate of 0.63% — based on actual property records in Sharp County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Cherokee Village's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Cherokee Village: rates are 0.63% in 72529, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Cherokee Village.
About Cherokee Village Property Taxes
About Property Taxes in Cherokee Village, Sharp, Arkansas
Cherokee Village's median effective property tax rate of 0.63% is lower than the Arkansas state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Sharp County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Cherokee Village. Homeowners in ZIP code 72529 carry a median effective rate of 0.63%, while those in the same ZIP code also pay 0.63%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Sharp County. Understanding which part of Cherokee Village you live in can make a meaningful difference to your annual tax bill.
Cherokee Village homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before August 17, 2026.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Cherokee Village, Sharp 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 Cherokee Village's effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.
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 Cherokee Village Tax Rate
0.63%
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
0.65%
Median Effective Arkansas Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cherokee Village, Sharp County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72529 | 0.45% | 0.53% | 0.63% | 0.75% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Cherokee Village, Sharp County, Arkansas
When examining property taxes in Cherokee Village, 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.
Assessment notices:
In Sharp County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of July.
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 Cherokee Village.
For example, the median home price in Cherokee Village is $90,025, with tax bills ranging significantly across the county. 72529 has the highest median home price at $90,050.
Property Tax Assessment Values Across Cherokee Village, Sharp County, Arkansas
Source: Ownwell
$55,700
$77,788
$99,875
Median Cherokee Village Market Value
$90,025
Median Sharp County Market Value
$84,250
Median Arkansas Market Value
$118,750
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cherokee Village, Sharp County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72529 | $54,550 | $68,925 | $90,050 | $139,400 | $271,340 |
Source: Ownwell
Property Tax Bills Across Cherokee Village, Sharp County, Arkansas
Property tax bills in Cherokee Village are calculated from the assessed value of a home and the local tax rate set for Sharp County. The bill reflects how much of a property’s market value is taxable, so a higher assessed value generally means a higher tax bill. For a home with a median price of $90,025, the property tax bill can vary depending on the specific assessment and local taxing rates.
Homeowners in Cherokee Village typically see bills that fall between $416 at the 25th percentile and $850 at the 75th percentile, with the 90th percentile reaching $1,702. The median tax bill is $550, which is well below the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. These taxes help fund local services, but they also affect monthly housing costs and overall affordability for homeowners.
Median Cherokee Village Tax Bill
$549
Median Sharp County Tax Bill
$514
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Cherokee Village, Sharp County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72529 | $326 | $416 | $550 | $850 | $1,702 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 17 |
Links | |
|---|---|
| Sharp Tax Assessor | |
| Website | www.arcountydata.com |