Hardy, Sharp County, Arkansas Property Taxes
Median Hardy, Arkansas effective property tax rate: 0.55%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Hardy, Arkansas home value: $87,050
Median annual Hardy, Arkansas tax bill: $431, $1,969 lower than the national median property tax bill of $2,400.
How are property taxes in Sharp County calculated?
Property taxes in Hardy, 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 Hardy’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hardy, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hardy, Sharp County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.55%
Estimate Property Tax Bill
$479
$444
Property Tax Rates Across Hardy, Sharp County, Arkansas
Local government entities set tax rates, which can vary widely within a state. This variation is primarily due to each county's annual estimation of its required budget to provide essential services. This budget is then divided by the total value of all taxable property within the county, resulting in the property tax rate. While the process involves votes and laws, this is essentially how property tax rates are determined each year.
In Hardy, located in Sharp County, Arkansas, the effective property tax rate is a reflection of this process. When compared to other cities in Arkansas, Hardy’s property tax rate is aligned with the state’s median. This is significantly lower than the national median property tax rate of 1.02%. Residents of Hardy benefit from this lower rate, which translates to a smaller property tax bill when compared to the national median bill of $2400. This advantageous tax environment makes Hardy an attractive location for property owners seeking to minimize their tax liabilities while enjoying the services funded by these taxes.
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 Hardy Tax Rate
0.55%
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 Hardy, Sharp County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72542 | 0.32% | 0.44% | 0.55% | 0.70% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Hardy, Sharp County, Arkansas
When examining property taxes in Hardy, 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 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 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 Hardy.
For example, the median home price in Hardy is $87,050, with tax bills ranging significantly across the county. Zip code 72542 has the highest median home price at $87,075.
Property Tax Assessment Values Across Hardy, Sharp County, Arkansas
Source: Ownwell
$55,400
$77,550
$99,700
Median Hardy Market Value
$87,050
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 Hardy, Sharp County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72542 | $19,165 | $44,162 | $87,075 | $150,312 | $234,560 |
Source: Ownwell
Property Tax Bills Across Hardy, Sharp County, Arkansas
Median Hardy Tax Bill
$431
Median Sharp County Tax Bill
$481
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Hardy, Sharp County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72542 | $112 | $229 | $431 | $724 | $1,172 |
Source: Ownwell