Siloam Springs, Washington County, Arkansas Property Taxes

Name: Property Tax Bills Across Siloam Springs, Washington County, Arkansas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Siloam Springs, AR effective property tax rate: 0.46%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Siloam Springs, AR home value: $231,875
Median annual Siloam Springs, AR tax bill: $1,060, $1,340 lower than the national median property tax bill of $2,400.

How are property taxes in Washington County calculated?

Property taxes in Siloam Springs, 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 Siloam Springs’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Siloam Springs, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Siloam Springs, Washington County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.46%

Estimate Property Tax Bill

$1,067

$990

Ownwell’s Siloam Springs Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Siloam Springs with just two data points. By entering your property's estimated assessed value, our calculator applies Siloam Springs’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Washington County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Siloam Springs, Washington County, Arkansas

Local government entities set tax rates, which can vary widely within a state. The reason for this variation is that each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Siloam Springs, located in Washington County, the effective property tax rate is notably lower than the national median property tax rate of 1.02%. This lower rate can lead to significant savings for property owners compared to other regions in the country. When comparing Siloam Springs to other cities within Arkansas, the property tax rate remains consistent, showcasing the uniformity within the county.

Understanding these rates is crucial for property owners as they navigate their financial responsibilities. By offering competitive rates, Siloam Springs provides an attractive option for those looking to maximize their investment in real estate while minimizing their tax burden.

Property Tax Rates Across Siloam Springs, Washington County, Arkansas

Source: Ownwell

0.45%

0.61%

0.77%

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 Siloam Springs Tax Rate

0.46%

Median Effective Washington County Tax Rate

0.60%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Siloam Springs, Washington County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72761	0.14%	0.29%	0.46%	0.70%	0.78%

Source: Ownwell

Property Tax Assessment Values Across Siloam Springs, Washington County, Arkansas

When examining property taxes in Siloam Springs, AR, 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 Washington 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 Washington County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Siloam Springs. For example, the median home price in Siloam Springs is $231,875, with tax bills ranging significantly across the county. 72761 has the highest median home price at $231,875.

Property Tax Assessment Values Across Siloam Springs, Washington County, Arkansas

Source: Ownwell

$93,250

$320,713

$548,175

Median Siloam Springs Market Value

$231,875

Median Washington County Market Value

$274,150

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Siloam Springs, Washington County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72761	$81,660	$165,900	$231,875	$342,400	$412,310

Source: Ownwell

Property Tax Bills Across Siloam Springs, Washington County, Arkansas

In Siloam Springs, Arkansas, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the tax bill. Factors influencing the tax bill include the property's market value, local tax rates, and any applicable exemptions or deductions. Homeowners in Siloam Springs often find themselves with median tax bills around $1,060, which is below the national median of $2,400. However, bills can range significantly, with some reaching up to $2,600. This variability can impact homeowners' budgets, making it crucial to ensure their property is assessed accurately. Ownwell assists homeowners by providing property tax appeal services, potentially lowering their tax bills. By analyzing the assessed value and comparing it to market trends, Ownwell identifies opportunities for reductions, helping homeowners save money. This service is particularly beneficial in ensuring homeowners are not overpaying on their property taxes, providing peace of mind and financial relief.

Property Tax Bills Across Siloam Springs, Washington County, Arkansas

Source: Ownwell

$371

$1,707

$3,043

Median Siloam Springs Tax Bill

$1,060

Median Washington County Tax Bill

$1,659

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Siloam Springs, Washington County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72761	$173	$570	$1,060	$1,809	$2,600

Source: Ownwell