Hot Springs Village, Arkansas, a gated community near the Ouachita Forest. A Resort/Retirement community, golf, lakes, boating, real estate, tennis, bridge, mountain views, hiking; all on 26,000 acres. A place to come home to, Hot Springs Village.

For Specific information on Homes for Sale or Lease in Hot Springs Village please fill out this Form.

Resale Homes

Prices of Resale Homes range from approximately $60,000 to $600,000, with the townhomes ranging in prices from $50,000 to $200,000.

Cost of Living Estimates

State Income Tax is prorated up to 7% over $25,000 per year. However, there are several exemptions such as Social Security Benefits and the first six thousand dollars received under a public or private employer sponsored retirement plan.

There is a 4 5/8% sales tax imposed on sales of tangible personal property and certain selected services in Arkansas. Also there is a 1% sales tax imposed within the city of Hot Springs itself and 3% tourism tax which is collected from hotels, motels, and restaurants.

Property taxes in Hot Springs Village are either .0400 or .0299 per $100 of assessed value, depending on the school district in which the property is located. Taxes are assessed on 20% of a homes market value. On a $100,000 home the taxes will be approximately $600.00 per year.

When the state and local taxes are totalled (including property tax) Arkansas residents are among the least taxed in the country.  According to the STATE POLICY REFERENCE BOOK, Arkansas ranks 49th in per capita state and local taxes, paying on the average only $1,191 a year. nation average is $1,888.

Utilities

The utility charges quoted are based on rates charged by POA beginning 1999. And rate increases in effect since then will not be reflected here.

• Water, Sewer and Sanitation: The average bill is $32.12 a month.  Water is charged at $8.26 for the first 4,000 gallons and then $2.06 per 1000 gallons above 4,000. Curbside weekly trash pickup is $10.40 and central sewer is $10.53 per month.
• Electricity: Average bill is $75.50 a month, based on usage of 850 kilowatts.  Meter fee is $6.94 per month.
• Telephone: $25 a month for single-party line.
• Cable TV: $18.75 a month for basic cable.

Miscellaneous

• Automobile Registration: $17.00 (vehicle weight less than 3,000 lbs)
• Drivers License: $14.00 (4 years)
• Automobile Insurance:  $750-$1000 annually on a $20,000 car
• Homeowners Insurance:  $350 annually on $175,000 house

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