Conway County Property Taxes
The median property tax rate in Conway County is 0.63%, which is significantly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Conway County at $84,000, the typical annual property tax bill is $532, far below the national median of $2,690. Property taxes in Conway County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Conway County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Morrilton or another part of Conway County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Conway County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,680
Ownwell’s Conway County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Conway County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Conway County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Conway County, Arkansas
Property taxes in Conway County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Conway County is 0.63%, which is lower than the U.S. national median of 0.99%. Local government entities within Conway County set these rates annually, and they can vary significantly between different areas within the county. Each year, Conway County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Conway County's effective property tax rate with other counties in Arkansas and the national median. For comparison, the city of Russellville has one of the higher property tax rates in Arkansas at 0.98%, while the city of Oppelo boasts one of the lowest at 0.44%. Analyzing how Conway County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Conway County Tax Rate
0.63%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Conway County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adona | 0.13% | 0.41% | 0.63% | 0.91% | 0.98% |
| Atkins | 0.10% | 0.34% | 0.61% | 0.93% | 0.98% |
| Bee Branch | 0.16% | 0.23% | 0.66% | 0.96% | 0.96% |
| Casa | N/A | N/A | N/A | N/A | N/A |
| Center Ridge | N/A | N/A | N/A | N/A | N/A |
| Cleveland | 0.14% | 0.33% | 0.67% | 0.90% | 0.98% |
| Clinton | 0.19% | 0.38% | 0.69% | 0.89% | 0.96% |
| Hattieville | 0.10% | 0.29% | 0.58% | 0.88% | 0.98% |
| Jerusalem | N/A | N/A | N/A | N/A | N/A |
| Menifee | N/A | N/A | N/A | N/A | N/A |
| Morrilton | 0.20% | 0.42% | 0.68% | 0.98% | 1.08% |
| Oppelo | 0.13% | 0.26% | 0.44% | 0.79% | 0.95% |
| Perry | N/A | N/A | N/A | N/A | N/A |
| Plumerville | 0.11% | 0.32% | 0.62% | 0.91% | 0.98% |
| Russellville | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% |
| Solgohachia | 0.16% | 0.33% | 0.61% | 0.92% | 0.98% |
| Springfield | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Conway County, Arkansas
In Conway County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Conway County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Conway County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Morrilton has the highest median tax bill at $633, while Bee Branch has the lowest at $206. Being aware of these valuation processes in Conway County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Conway County Assessed Value
$84,000
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Conway County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adona | $9,620 | $29,300 | $76,100 | $148,350 | $182,450 |
| Atkins | $11,525 | $30,662 | $71,650 | $120,862 | $194,835 |
| Bee Branch | $15,660 | $28,750 | $58,550 | $105,300 | $151,530 |
| Casa | N/A | N/A | N/A | N/A | N/A |
| Center Ridge | N/A | N/A | N/A | N/A | N/A |
| Cleveland | $19,375 | $41,662 | $77,250 | $133,838 | $194,700 |
| Clinton | $21,600 | $39,400 | $85,275 | $139,225 | $206,000 |
| Hattieville | $18,100 | $43,375 | $83,375 | $148,312 | $221,790 |
| Jerusalem | N/A | N/A | N/A | N/A | N/A |
| Menifee | N/A | N/A | N/A | N/A | N/A |
| Morrilton | $30,950 | $55,250 | $91,200 | $155,388 | $228,175 |
| Oppelo | $23,130 | $57,950 | $93,350 | $133,800 | $187,610 |
| Perry | N/A | N/A | N/A | N/A | N/A |
| Plumerville | $19,280 | $45,650 | $76,350 | $140,300 | $216,520 |
| Russellville | $53,050 | $53,050 | $53,050 | $53,050 | $53,050 |
| Solgohachia | $17,975 | $45,088 | $82,900 | $146,600 | $228,100 |
| Springfield | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Conway County, Arkansas
In Conway County, AR, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is a percentage of the property's market value. For example, with a median home price of $84,000, the assessed value forms the basis for calculating the tax bill. Several factors influence the final tax bill, including property location, home improvements, and local tax rates. Homeowners in Conway County experience varying tax bills, with the 25th percentile paying around $215 and the 75th percentile paying about $970. The 90th percentile sees tax bills as high as $1,607. The highest median tax bill in the county is found in Morrilton at $633, while Bee Branch has the lowest at $206. These figures highlight the range of property tax burdens within the county, affecting homeowners differently based on their property's assessed value and location. Understanding these factors can help homeowners anticipate their annual property tax obligations.
Average Conway County Tax Bill
$532
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Conway County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adona | $30 | $121 | $477 | $839 | $1,182 |
| Atkins | $32 | $115 | $359 | $751 | $1,432 |
| Bee Branch | $31 | $88 | $206 | $629 | $1,034 |
| Casa | N/A | N/A | N/A | N/A | N/A |
| Center Ridge | N/A | N/A | N/A | N/A | N/A |
| Cleveland | $75 | $193 | $437 | $908 | $1,502 |
| Clinton | $101 | $195 | $526 | $1,046 | $1,430 |
| Hattieville | $44 | $162 | $436 | $900 | $1,643 |
| Jerusalem | N/A | N/A | N/A | N/A | N/A |
| Menifee | N/A | N/A | N/A | N/A | N/A |
| Morrilton | $104 | $311 | $633 | $1,080 | $1,768 |
| Oppelo | $84 | $222 | $446 | $793 | $1,292 |
| Perry | N/A | N/A | N/A | N/A | N/A |
| Plumerville | $50 | $158 | $494 | $947 | $1,607 |
| Russellville | $521 | $521 | $521 | $521 | $521 |
| Solgohachia | $68 | $193 | $465 | $910 | $1,513 |
| Springfield | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell