Tontitown, Washington County, Arkansas Property Taxes
Median Tontitown, AR effective property tax rate: 0.63%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Tontitown, AR home value: $422,300
Median annual Tontitown, AR tax bill: $2,827, $427 higher than the national median property tax bill of $2,400.
How are property taxes in Washington County calculated?
Property taxes in Tontitown, 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 Tontitown’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Tontitown, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Tontitown, Washington County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.63%
Estimate Property Tax Bill
$2,660
$2,469
Property Tax Rates Across Tontitown, Washington County, Arkansas
Local government entities are responsible for setting tax rates, which can vary widely within a state. This is because each county estimates its required budget annually 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 play a role in setting tax rates and budgets, this is essentially the annual process.
In Tontitown, located in Washington County, Arkansas, property tax rates are notably lower than the national average. The median property tax rate here is 0.63%, which is below the national median of 1.02%. This means that residents of Tontitown enjoy one of the more affordable property tax rates in the country. Compared to other cities within Arkansas, Tontitown's tax rate is among the highest, yet still remains quite competitive on a national scale. This favorable tax environment can be an attractive factor for homeowners and potential buyers looking to invest in the area. Understanding these variations can help residents make informed decisions about property investments and 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 Tontitown 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 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 Tontitown, Washington County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72704 | 0.40% | 0.49% | 0.59% | 0.70% | 0.83% |
| 72762 | 0.45% | 0.56% | 0.63% | 0.87% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Tontitown, Washington County, Arkansas
When examining property taxes in Tontitown, 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.
In Washington 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 Tontitown. For example, the median home price in Tontitown is $422,300, with tax bills ranging significantly across the county. Zip code 72704 has the highest median home price at $523,700.
Property Tax Assessment Values Across Tontitown, Washington County, Arkansas
Source: Ownwell
$93,250
$320,713
$548,175
Median Tontitown Market Value
$422,300
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 Tontitown, Washington County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72704 | $283,495 | $374,700 | $523,700 | $694,562 | $1,082,155 |
| 72762 | $248,150 | $333,238 | $421,175 | $482,212 | $683,075 |
Source: Ownwell
Property Tax Bills Across Tontitown, Washington County, Arkansas
In Tontitown, located in Washington County, AR, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Local tax rates are then applied to this assessed value to determine the total tax bill. Factors such as property location, size, and improvements can influence the assessed value. Homeowners in Tontitown face a range of property tax bills, with the 25th percentile at $2,128 and the 90th percentile reaching $4,544. Compared to the national median property tax bill of $2,400, Tontitown's tax bills can vary significantly.
Ownwell helps homeowners reduce their property tax bills by providing expert property tax appeal services. By analyzing market trends and property assessments, Ownwell identifies opportunities for tax savings. Their team of professionals assists in filing appeals and exemptions, ensuring homeowners pay only their fair share. This service can be especially beneficial in areas with higher tax bills, helping homeowners save money year after year.
Median Tontitown Tax Bill
$2,827
Median Washington County Tax Bill
$1,659
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Tontitown, Washington County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72704 | $1,542 | $2,180 | $3,040 | $4,045 | $6,796 |
| 72762 | $1,259 | $2,130 | $2,824 | $3,605 | $4,523 |
Source: Ownwell