Williford, Sharp County, Arkansas Property Taxes
Median Williford, AR effective property tax rate: 0.53%, significantly lower than the national median of 1.02%, and also lower than the Arkansas state median of 0.84%.
Median Williford, AR home value: $55,400
Median annual Williford, AR tax bill: $270, $2,130 lower than the national median property tax bill of $2,400.
How are property taxes in Sharp County calculated?
Property taxes in Williford, 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 Williford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Williford, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Williford, Sharp County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.57%
Estimate Property Tax Bill
$317
$295
Property Tax Rates Across Williford, Sharp County, Arkansas
Local government entities in Arkansas set property tax rates, which can vary significantly across the state. This variation occurs because each county, including Sharp County, calculates its budget requirements annually to fund local services. They then divide this budget by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. Although the process involves votes and legislation, this calculation is at the core of how property tax rates are determined each year.
In Williford, located in Sharp County, the effective property tax rate reflects this annual budgeting process. When comparing Williford’s property tax rate to other cities in Arkansas, it’s essential to consider the state’s median property tax rate, which is notably lower than the national median. This comparison provides valuable insight into how property taxes in Williford stack up against both state and national benchmarks. Understanding these differences can be crucial for property owners looking to manage their tax liabilities effectively.
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 Williford Tax Rate
0.57%
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 Williford, Sharp County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72482 | 0.37% | 0.46% | 0.57% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Williford, Sharp County, Arkansas
When examining property taxes in Williford, 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 Williford.
For example, the median home price in Williford is $55,400, with tax bills ranging significantly across the county. Zip code 72482 has the highest median home price at $55,400.
Property Tax Assessment Values Across Williford, Sharp County, Arkansas
Source: Ownwell
$55,700
$77,788
$99,875
Median Williford Market Value
$55,700
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 Williford, Sharp County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72482 | $9,375 | $22,412 | $55,700 | $91,250 | $153,475 |
Source: Ownwell
Property Tax Bills Across Williford, Sharp County, Arkansas
Median Williford Tax Bill
$289
Median Sharp County Tax Bill
$514
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Williford, Sharp County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72482 | $62 | $138 | $289 | $467 | $762 |
Source: Ownwell