Arkansas— Property Tax & Closing Costs
2024 Census dataEffective tax rate
0.56%
of assessed value annually
Median home value
$323,500
2024 ACS survey
Median taxes paid
$1,823/yr
2024 data
Benton County's 0.56% effective property tax rate ranks 737th lowest among the 3,134 US counties tracked, placing it in the bottom 25% lowest nationally. Within Arkansas's 75 counties, it's the 18th highest. On the county's median home value of $323,500, the typical homeowner pays $1,823 annually in property tax — close to the national median of $1,629. At closing, Arkansas's 0.33% combined real estate transfer tax adds roughly $1,068 on a median-priced home, split between buyer and seller. About 12.5% of the county lies within a FEMA flood hazard zone — worth checking msc.fema.gov for any specific address before buying.
Calculate your true cost
Enter any purchase price to see the full cost breakdown for Benton County.
County median: $323,500
Leave at $0 if the property has no homeowners association.
LTV: 80.00%
At closing
Monthly ongoing
Year one
Moderate flood risk. Some neighborhoods require flood insurance — check your property at msc.fema.gov.
All figures are estimates for planning purposes only. Mortgage payment assumes a 30-year fixed rate of 6.8% — your lender will confirm the actual rate. Closing costs vary by lender and transaction. Consult a licensed real estate attorney and lender before making any financial decisions.
Arkansas property tax exemptions
Ways buyers in Benton County may reduce their annual property tax. These programs apply statewide; verify county specifics with your local assessor.
Homestead Property Tax Credit
Beginning with 2026 tax bills, Arkansas provides up to a $600 homestead tax credit per year (raised from $425) for the primary residence.
View official source →Amendment 79 Assessment Cap
Taxable assessed value of a homestead may only increase 5% per year; other real property is capped at 10% per year.
View official source →Senior / Disabled Assessment Freeze
Homeowners 65+ or disabled can have the taxable assessed value of their homestead frozen at the value at the next assessment date after turning 65 or becoming disabled.
View official source →Last verified 2026-04. Exemption amounts and eligibility change frequently — always confirm with your county assessor before claiming.
Frequently asked questions
Answers to common questions about buying a home in Benton County.
The effective property tax rate in Benton County is 0.56% — calculated as the median annual property tax paid ($1,823) divided by the median home value ($323,500), using 2024 US Census ACS 5-year estimates. Your actual bill depends on your purchase price, homestead or senior exemptions, and any special assessments applied in your taxing district.
Arkansas's combined real estate transfer tax is approximately 0.33% of the purchase price. On the median Benton County home value of $323,500, this adds roughly $1,068 at closing. Statutory rate is $3.30/$1,000 (0.33%) total. ACA 26-60-105 assigns the tax to the grantor (seller); the 1/3 buyer / 2/3 seller split is local custom at closing, not statute.
Only in parts. About 12.5% of Benton County's land area is within a FEMA Special Flood Hazard Area. Most homes are outside these zones, but worth verifying the specific address at msc.fema.gov.
Closing costs for a buyer in Benton County typically run $6,470–$16,175 (2–5% of purchase price) on a median-priced home, including title insurance ($800–$2,000), appraisal ($400–$700), home inspection ($350–$600), recording fees ($100–$300), and loan origination (0.5–1.0% of the loan amount). Use the calculator above for a specific estimate at your purchase price.
Data sources for Benton County
Every figure on this page is traceable. Verify the numbers yourself against the original public data.
Source for the 0.56% effective property tax rate, median home value, and median taxes paid (ACS 5-year, 2024 vintage).
Source for county-level flood zone exposure, wildfire risk, and other natural hazard ratings. Updated quarterly by FEMA.
Look up a specific property's flood zone and insurance rate map before making an offer on a home in Benton County.
Guides for Arkansas home buyers
What every buyer should read before making an offer.
HOA Documents
HOA lawsuits — how to check for pending litigation against your future HOA before you close
A buyer closed on a house and only then found out about ongoing HOA lawsuits. Six checks you can run yourself before your contingencies expire.
Read the guide →HOA Documents
Undisclosed HOA special assessment — what you can do if you find out after closing
HOA special assessment not on the disclosure? One buyer got a $15,000 bill the day after closing. How to catch it before — and what to do after.
Read the guide →