Sevier County Property Taxes
The median property tax rate in Sevier County is 0.66%, which is notably lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Sevier County at $59,025, the typical annual property tax bill amounts to $344, significantly below the national median of $2,690. Property taxes in Sevier County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions, such as the primary residence and agricultural exemptions. Understanding Sevier County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you live in De Queen or another part of Sevier County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sevier 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 Sevier County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sevier County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Sevier 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 Sevier County, Arkansas
Property taxes in Sevier County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Sevier County is 0.66%, which is lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Sevier County set these rates annually, and they can vary significantly between different areas within the county. Each year, Sevier 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. For comparison, the city of Ben Lomond has one of the higher property tax rates in Arkansas at 0.86%, while the city of De Queen boasts one of the lowest at 0.60%. Analyzing how Sevier County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Sevier County Tax Rate
0.66%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sevier County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ben Lomond | 0.13% | 0.36% | 0.86% | 0.86% | 0.86% |
| De Queen | 0.16% | 0.35% | 0.60% | 0.89% | 0.90% |
| Dierks | N/A | N/A | N/A | N/A | N/A |
| Gillham | N/A | N/A | N/A | N/A | N/A |
| Horatio | 0.23% | 0.49% | 0.77% | 1.03% | 1.13% |
| Lockesburg | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Sevier County, Arkansas
In Sevier 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 Sevier 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 Sevier 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, Horatio has the highest median tax bill at $482, while Ben Lomond has the lowest at $147. Being aware of these valuation processes in Sevier County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Sevier County Assessed Value
$59,025
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sevier County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ben Lomond | $7,950 | $17,625 | $39,150 | $63,250 | $126,400 |
| De Queen | $10,450 | $32,350 | $64,500 | $112,400 | $166,830 |
| Dierks | N/A | N/A | N/A | N/A | N/A |
| Gillham | N/A | N/A | N/A | N/A | N/A |
| Horatio | $10,230 | $29,225 | $63,325 | $113,012 | $164,440 |
| Lockesburg | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Sevier County, Arkansas
In Sevier County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county uses a standard assessment ratio, typically 20%, to determine this assessed value. For example, a home with a market value of $59,025 would have an assessed value of $11,805. The property tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the specific tax rate set by local authorities and any applicable exemptions or deductions. Homeowners in Sevier County experience a range of tax bills. For instance, the 25th percentile tax bill is $133, while the 75th percentile tax bill is $665. In some cases, it can go as high as $1,116 at the 90th percentile. Comparatively, Horatio has the highest median tax bill at $482, while Ben Lomond has the lowest at $147. These variations can significantly impact homeowners, affecting their annual financial planning and overall cost of homeownership.
Average Sevier County Tax Bill
$344
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Sevier County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ben Lomond | $31 | $73 | $147 | $426 | $691 |
| De Queen | $47 | $154 | $377 | $677 | $1,131 |
| Dierks | N/A | N/A | N/A | N/A | N/A |
| Gillham | N/A | N/A | N/A | N/A | N/A |
| Horatio | $69 | $178 | $482 | $883 | $1,360 |
| Lockesburg | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell