Free property tax calculator tailored for Arkansas (AR). Calculate instantly with state-specific rates and rules.
Arkansas has an effective property tax rate of 0.62%, producing an average annual bill of $743. The US national average is 1.07% — Arkansas's rate is below, placing it at rank #12 out of 50 states (rank 1 = lowest).
Arkansas assesses real property at 20% of true market value for all classes, with the county assessor determining market value. Total effective rates remain low due to this low assessment ratio.
The homestead property tax credit provides a $350/year credit on primary residences, applied directly to the tax bill. Low-income seniors and disabled homeowners may qualify for a freeze on assessment increases.
Assessment increases are limited to 5% per year for homesteaded properties, providing meaningful inflation protection.
Arkansas combines a very low assessment ratio (20%) with relatively low millage rates, producing one of the most affordable property tax environments in the South.
The median home value in Arkansas is $170,000. Arkansas home prices have grown faster than historical norms since 2020, up ~25%, driven by out-of-state migration to markets like Bentonville and Fayetteville. At the 0.62% effective rate, a homeowner at the median value pays roughly $743/year in property taxes.
Data: Tax Foundation (2024), US Census Bureau ACS 2023, Zillow, ATTOM Data Solutions. Updated 2024–2025. Figures reflect state averages — consult a licensed professional for personalized advice.
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