Hot Spring County, Arkansas Property Taxes
Census Bureau ACS property tax data for Arkansas. Population: 9,363.
The median annual property tax in Hot Spring County is $650, which is 8% lower than the Arkansas state average and 66% below the national average. The effective tax rate is 0.51% on a median home value of $127,900. Property taxes represent 1.2% of the median household income in this county.
Median Annual Tax
$650
-8% vs State
-66% vs US
Median Home Value
$127,900
-3% vs State
-40% vs US
Effective Tax Rate
0.51%
-4% vs State
-46% vs US
With vs Without Mortgage
With Mortgage
$810
$68/mo
Without Mortgage
$568
$47/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $650 +5.0% | 0.51% |
| 2022 | $619 +7.5% | 0.52% |
| 2021 | $576 +6.5% | 0.56% |
| 2020 | $541 -2.7% | 0.53% |
| 2019 | $556 | 0.57% |
Tax Burden
Tax-to-Income Ratio
1.2%
of median household income
Median Income
$52,644
per year
Monthly Tax
$54
per month
Other Counties in Arkansas
Independence County
Tax: $657/yr Rate: 0.55%
Lee County
Tax: $409/yr Rate: 0.53%
White County
Tax: $761/yr Rate: 0.48%
Mississippi County
Tax: $646/yr Rate: 0.56%
Searcy County
Tax: $517/yr Rate: 0.48%
Montgomery County
Tax: $522/yr Rate: 0.38%
Frequently Asked Questions
What is the average property tax in Hot Spring County, Arkansas? ▼
The median annual property tax in Hot Spring County is $650 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.51% on a median home value of $127,900.
How does Hot Spring County property tax compare to the national average? ▼
Property taxes in Hot Spring County are 66% below the national average of $1,923. The effective rate of 0.51% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Hot Spring County? ▼
In Hot Spring County, homeowners with a mortgage pay a median of $810 in annual property taxes, while homeowners without a mortgage pay $568. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Hot Spring County? ▼
Property taxes in Hot Spring County represent approximately 1.2% of the median household income of $52,644. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.