Property Tax & Income in Hempstead County, Arkansas
Hempstead County has an effective property tax rate of 0.57%. On the median home value of $105,700, that's roughly $601 per year. Median household income is $46,787.
What you'll pay, at a glance
Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.
| Metric | Hempstead County | Arkansas (state context) |
|---|---|---|
| Effective property tax rate1 | 0.57% | 0.51% |
| Median home value1 | $105,700 | — |
| State income tax3 | top rate 3.90% | top rate 3.90% |
| State sales tax3 | 9.48% combined | 9.48% combined |
How this is calculated
The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.
About Hempstead County, AR
Someone shopping for a home in Hempstead County, Arkansas will find prices well below the national picture, with the median home value sitting at $105,700. That lower price point combines with an effective property tax rate of 0.569%, which is a bit higher than Arkansas's statewide median of 0.514% and ranks 14th among the state's 75 counties. Even so, the resulting annual tax bill comes to about $601, an amount that stays small largely because home values here are low. Hope, the county's largest city, anchors a housing market where income levels — a median household income of $46,787 and per-capita income of $28,673 — mean buyers tend to weigh affordability carefully. Nationally, the median effective rate is 0.794%, so Hempstead County homeowners pay a lower share of value than many Americans do, even though they pay somewhat more than the average Arkansan.