Property Taxes in Arkansas
The median Arkansas property tax rate is 0.84%, which is notably lower than the national median of 0.99%. The median home value in Arkansas is $113,950, resulting in a median property tax bill of $877 per year. This is considerably less than the national median annual property tax bill. Property taxes in Arkansas are calculated based on the tax assessed value, which typically falls below the actual market value due to property tax exemptions, such as those for primary residences or agricultural properties. Understanding your county's specific property tax system, exploring property tax exemptions, and recognizing opportunities for property tax reductions can lead to significant annual tax savings. Whether you're in Little Rock, Fayetteville, or any other Arkansas locale, familiarizing yourself with the property taxes in your location can benefit homeowners and investors alike.
Last Updated June 14, 2024
Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$957
Ownwell’s Arkansas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Arkansas with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Arkansas to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a county or 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 Arkansas
Property taxes in Arkansas fund essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arkansas is 0.84% compared to the national median property tax rate of 0.99%. The tax rate is set by local government entities, and it can vary widely between different areas within the state. Put simply, each county estimates its required budget to provide services for the upcoming year, and then divides that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell that is the process followed each year. Compare an Arkansas county’s effective property tax rate to other counties in Arkansas or the US median property tax rate below. Sebastian County has the highest property tax rate in Arkansas at 1.04%. Crawford County has the lowest property tax rate in Arkansas at 0.52%.
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arkansas
| County | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arkansas | 0.17% | 0.41% | 0.67% | 0.84% | 0.99% |
| Ashley | 0.11% | 0.30% | 0.60% | 0.86% | 1.02% |
| Baxter | 0.46% | 0.56% | 0.65% | 0.74% | 0.83% |
| Benton | 0.71% | 0.86% | 1.00% | 1.14% | 1.23% |
| Boone | 0.66% | 0.75% | 0.89% | 0.93% | 1.02% |
| Bradley | 0.77% | 0.92% | 1.00% | 1.02% | 1.02% |
| Calhoun | 0.86% | 0.90% | 0.90% | 0.99% | 1.01% |
| Carroll | 0.23% | 0.41% | 0.66% | 0.87% | 0.97% |
| Chicot | 0.70% | 0.91% | 0.92% | 1.02% | 1.13% |
| Clark | 0.24% | 0.55% | 0.86% | 1.03% | 1.14% |
| Clay | 0.50% | 0.63% | 0.78% | 0.91% | 0.97% |
| Cleburne | 0.23% | 0.44% | 0.67% | 0.77% | 0.83% |
| Cleveland | 0.67% | 0.86% | 0.92% | 0.94% | 1.00% |
| Columbia | 0.62% | 0.75% | 0.78% | 0.79% | 0.91% |
| Conway | 0.14% | 0.36% | 0.63% | 0.93% | 0.99% |
| Craighead | 0.57% | 0.70% | 0.83% | 0.92% | 0.98% |
| Crawford | 0.18% | 0.33% | 0.52% | 0.72% | 0.90% |
| Crittenden | 0.66% | 0.76% | 0.76% | 1.02% | 1.03% |
| Cross | 0.21% | 0.47% | 0.77% | 0.99% | 0.99% |
| Dallas | 0.90% | 0.94% | 1.00% | 1.04% | 1.08% |
| Desha | 0.56% | 0.77% | 0.95% | 1.05% | 1.06% |
| Drew | 0.17% | 0.47% | 0.81% | 0.91% | 0.96% |
| Faulkner | 0.73% | 0.88% | 0.96% | 1.01% | 1.01% |
| Franklin | 0.13% | 0.38% | 0.67% | 0.96% | 1.06% |
| Fulton | 0.53% | 0.66% | 0.75% | 0.82% | 0.93% |
| Garland | 0.20% | 0.37% | 0.59% | 0.74% | 0.88% |
| Grant | 0.62% | 0.74% | 0.85% | 0.90% | 0.90% |
| Greene | 0.63% | 0.73% | 0.84% | 0.92% | 0.92% |
| Hempstead | 0.17% | 0.41% | 0.77% | 0.94% | 0.96% |
| Hot Spring | 0.22% | 0.49% | 0.79% | 1.00% | 1.13% |
| Howard | 0.68% | 0.77% | 0.84% | 0.91% | 1.01% |
| Independence | 0.17% | 0.38% | 0.72% | 0.95% | 1.07% |
| Izard | 0.14% | 0.38% | 0.75% | 0.96% | 1.00% |
| Jackson | 0.19% | 0.44% | 0.90% | 1.00% | 1.04% |
| Jefferson | 0.13% | 0.48% | 0.73% | 0.99% | 1.19% |
| Johnson | 0.23% | 0.50% | 0.75% | 1.02% | 1.05% |
| Lafayette | 0.17% | 0.51% | 0.93% | 0.93% | 0.95% |
| Lawrence | 0.43% | 0.53% | 0.63% | 0.75% | 0.86% |
| Lee | 0.59% | 0.67% | 0.67% | 0.77% | 0.77% |
| Lincoln | 0.14% | 0.39% | 0.86% | 0.92% | 1.02% |
| Little River | 0.11% | 0.28% | 0.55% | 0.84% | 0.95% |
| Logan | 0.69% | 0.88% | 0.92% | 0.99% | 1.03% |
| Lonoke | 0.76% | 0.91% | 1.01% | 1.02% | 1.07% |
| Madison | 0.10% | 0.35% | 0.68% | 0.90% | 0.90% |
| Marion | 0.55% | 0.72% | 0.86% | 0.92% | 0.97% |
| Miller | 0.27% | 0.57% | 0.86% | 1.10% | 1.10% |
| Mississippi | 0.57% | 0.73% | 0.86% | 0.94% | 1.00% |
| Monroe | 0.83% | 0.89% | 0.96% | 0.96% | 1.07% |
| Montgomery | N/A | N/A | N/A | N/A | N/A |
| Nevada | 0.15% | 0.44% | 0.86% | 0.99% | 1.09% |
| Newton | 0.50% | 0.59% | 0.71% | 0.84% | 0.92% |
| Ouachita | 0.13% | 0.41% | 0.85% | 1.00% | 1.00% |
| Perry | 0.13% | 0.33% | 0.63% | 0.87% | 0.97% |
| Phillips | 0.25% | 0.59% | 0.97% | 1.21% | 1.21% |
| Pike | 0.58% | 0.70% | 0.84% | 0.89% | 0.95% |
| Poinsett | 0.53% | 0.65% | 0.79% | 0.91% | 0.97% |
| Polk | N/A | N/A | N/A | N/A | N/A |
| Pope | 0.65% | 0.82% | 0.92% | 0.96% | 0.98% |
| Prairie | 0.17% | 0.40% | 0.88% | 0.92% | 0.98% |
| Pulaski | 0.65% | 0.86% | 1.04% | 1.24% | 1.40% |
| Randolph | 0.10% | 0.28% | 0.59% | 0.81% | 0.81% |
| St. Francis | 0.52% | 0.66% | 0.75% | 0.82% | 0.91% |
| Saline | 0.60% | 0.70% | 0.83% | 0.93% | 1.01% |
| Scott | 0.60% | 0.74% | 0.77% | 0.86% | 0.87% |
| Searcy | 0.59% | 0.69% | 0.76% | 0.88% | 0.95% |
| Sebastian | 0.74% | 0.94% | 1.04% | 1.05% | 1.05% |
| Sevier | 0.14% | 0.35% | 0.66% | 0.86% | 0.90% |
| Sharp | 0.40% | 0.49% | 0.61% | 0.72% | 0.83% |
| Stone | 0.48% | 0.60% | 0.71% | 0.72% | 0.76% |
| Union | 0.13% | 0.34% | 0.60% | 0.83% | 0.93% |
| Van Buren | 0.73% | 0.86% | 0.88% | 0.92% | 0.96% |
| Washington | 0.30% | 0.44% | 0.60% | 0.75% | 0.94% |
| White | 0.58% | 0.74% | 0.81% | 0.84% | 0.87% |
| Woodruff | 0.21% | 0.50% | 0.89% | 0.99% | 1.00% |
| Yell | 0.69% | 0.81% | 0.90% | 0.98% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Arkansas
When examining property taxes in Arkansas, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by factors such as location, property condition, and economic market trends. Market value is estimated by each Arkansas county assessor for tax purposes. The assessed value is then the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes, or the amount multiplied by your tax rate to get your tax bill. Assessment notices in Arkansas are sent in the spring each year. They should reach your mailbox typically by the end of April. Each property owner receives an assessment notice that contains both the market value and assessed value along with an estimate of your property tax bill. By providing insights into how assessed values and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Arkansas. Benton County has the highest median tax bill at $2,090, while Lafayette County has the lowest median tax bill at $185.
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arkansas
| County | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arkansas | $10,356 | $32,482 | $70,958 | $137,418 | $239,419 |
| Ashley | $13,500 | $28,500 | $56,000 | $105,088 | $159,870 |
| Baxter | $29,950 | $81,900 | $137,150 | $204,525 | $306,700 |
| Benton | $107,500 | $158,300 | $211,150 | $298,150 | $422,950 |
| Boone | $25,600 | $58,950 | $102,750 | $160,838 | $226,450 |
| Bradley | $4,150 | $16,250 | $39,800 | $71,875 | $122,150 |
| Calhoun | $5,600 | $16,350 | $38,000 | $66,862 | $103,050 |
| Carroll | $27,000 | $69,812 | $140,725 | $226,038 | $349,595 |
| Chicot | $5,850 | $15,900 | $35,600 | $79,725 | $181,930 |
| Clark | $9,185 | $26,188 | $58,450 | $108,900 | $172,865 |
| Clay | $7,910 | $28,550 | $59,500 | $101,500 | $163,440 |
| Cleburne | $27,619 | $61,490 | $128,200 | $230,835 | $377,865 |
| Cleveland | $8,000 | $22,975 | $55,200 | $108,500 | $171,290 |
| Columbia | $8,050 | $21,850 | $50,700 | $116,700 | $197,110 |
| Conway | $21,860 | $47,650 | $84,000 | $145,200 | $218,340 |
| Craighead | $55,388 | $93,345 | $151,595 | $217,665 | $330,174 |
| Crawford | $36,050 | $82,650 | $143,650 | $218,375 | $303,250 |
| Crittenden | $13,800 | $34,558 | $81,700 | $148,850 | $226,940 |
| Cross | $13,600 | $33,000 | $66,000 | $115,750 | $187,400 |
| Dallas | $7,800 | $17,850 | $34,750 | $62,300 | $95,245 |
| Desha | $9,900 | $20,200 | $52,700 | $92,625 | $150,120 |
| Drew | $14,250 | $29,300 | $62,550 | $128,050 | $203,980 |
| Faulkner | $43,300 | $95,050 | $149,500 | $216,400 | $306,100 |
| Franklin | $21,020 | $44,600 | $75,300 | $124,000 | $186,660 |
| Fulton | $17,050 | $36,800 | $68,050 | $106,650 | $160,630 |
| Garland | $37,750 | $81,700 | $162,300 | $275,325 | $452,080 |
| Grant | $19,275 | $47,912 | $100,075 | $163,188 | $233,825 |
| Greene | $27,750 | $56,562 | $101,950 | $160,588 | $231,995 |
| Hempstead | $9,000 | $22,550 | $47,525 | $96,700 | $157,550 |
| Hot Spring | $15,160 | $32,450 | $64,425 | $119,438 | $181,365 |
| Howard | $7,400 | $27,450 | $58,900 | $109,550 | $183,015 |
| Independence | $19,500 | $37,450 | $66,400 | $116,800 | $179,770 |
| Izard | $13,650 | $30,925 | $60,000 | $107,800 | $175,800 |
| Jackson | $11,615 | $24,212 | $45,225 | $75,938 | $126,255 |
| Jefferson | $17,700 | $33,050 | $69,000 | $133,400 | $212,385 |
| Johnson | $20,950 | $44,600 | $80,100 | $126,100 | $187,350 |
| Lafayette | $4,000 | $11,088 | $29,800 | $62,850 | $115,900 |
| Lawrence | $25,737 | $45,350 | $77,245 | $117,370 | $175,794 |
| Lee | $6,500 | $19,162 | $41,075 | $72,050 | $121,905 |
| Lincoln | $10,800 | $22,200 | $43,150 | $88,400 | $155,180 |
| Little River | $12,950 | $31,212 | $68,475 | $112,700 | $171,145 |
| Logan | $18,650 | $37,650 | $67,850 | $110,500 | $165,470 |
| Lonoke | $25,235 | $66,300 | $119,600 | $175,700 | $247,530 |
| Madison | $19,045 | $41,250 | $78,900 | $138,188 | $208,630 |
| Marion | $18,215 | $44,638 | $88,850 | $150,350 | $232,555 |
| Miller | $18,100 | $38,550 | $80,350 | $144,150 | $215,800 |
| Mississippi | $14,344 | $31,286 | $66,110 | $110,882 | $172,542 |
| Monroe | $6,065 | $17,550 | $34,500 | $66,388 | $120,770 |
| Montgomery | N/A | N/A | N/A | N/A | N/A |
| Nevada | $5,400 | $13,200 | $30,700 | $61,750 | $106,000 |
| Newton | $16,530 | $39,950 | $77,850 | $133,700 | $209,010 |
| Ouachita | $8,350 | $18,850 | $39,000 | $78,888 | $127,950 |
| Perry | $17,550 | $39,538 | $78,175 | $131,950 | $201,675 |
| Phillips | $7,000 | $14,950 | $31,950 | $61,300 | $118,920 |
| Pike | $8,950 | $28,700 | $63,750 | $123,250 | $210,760 |
| Poinsett | $13,985 | $32,700 | $65,250 | $117,750 | $192,715 |
| Polk | N/A | N/A | N/A | N/A | N/A |
| Pope | $17,350 | $56,400 | $105,400 | $165,150 | $239,100 |
| Prairie | $11,800 | $26,800 | $51,500 | $90,650 | $146,710 |
| Pulaski | $35,485 | $78,365 | $148,242 | $241,748 | $369,566 |
| Randolph | $19,072 | $38,669 | $65,900 | $110,200 | $171,540 |
| St. Francis | $12,200 | $24,700 | $48,600 | $90,550 | $145,250 |
| Saline | $30,000 | $84,776 | $164,560 | $244,631 | $346,111 |
| Scott | $8,800 | $24,050 | $49,950 | $86,888 | $132,100 |
| Searcy | $6,500 | $26,088 | $53,950 | $93,950 | $145,720 |
| Sebastian | $37,850 | $61,900 | $104,400 | $158,650 | $232,700 |
| Sevier | $9,525 | $28,912 | $59,025 | $106,075 | $159,125 |
| Sharp | $21,300 | $52,162 | $83,700 | $136,200 | $224,050 |
| Stone | $14,500 | $38,350 | $77,600 | $130,200 | $185,580 |
| Union | $16,115 | $31,888 | $69,050 | $131,762 | $230,135 |
| Van Buren | $13,125 | $31,800 | $61,550 | $109,450 | $173,825 |
| Washington | $127,415 | $197,862 | $274,150 | $380,800 | $559,850 |
| White | $9,850 | $34,200 | $81,100 | $143,900 | $218,755 |
| Woodruff | $9,180 | $21,900 | $44,350 | $81,700 | $136,370 |
| Yell | $11,200 | $30,588 | $66,625 | $113,312 | $182,300 |
Source: Ownwell
Property Tax Bills Across Arkansas
In Arkansas, property tax bills are calculated based on the assessed value of a property, which is a fraction of its market value. The state uses an assessment ratio to determine this assessed value, typically around 20% of the market value. For instance, a home with a median market price of $113,950 would have an assessed value of approximately $22,790. The local millage rate, which varies by county, is then applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including the property's location and any applicable exemptions. Homeowners in Benton County, for example, face the highest median tax bill at $2,090, while those in Lafayette County enjoy the lowest at $185. The variability in tax bills can significantly impact homeowners, with the 25th percentile paying around $375 and the 90th percentile reaching up to $2,779. Compared to the national median property tax rate of 0.99%, Arkansas offers relatively affordable property taxes, providing a financial advantage to its residents.
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Arkansas
| County | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arkansas | $58 | $171 | $414 | $907 | $1,763 |
| Ashley | $42 | $127 | $300 | $581 | $1,006 |
| Baxter | $208 | $509 | $862 | $1,303 | $1,972 |
| Benton | $876 | $1,419 | $2,090 | $3,061 | $4,461 |
| Boone | $237 | $506 | $870 | $1,356 | $1,972 |
| Bradley | $71 | $185 | $393 | $679 | $1,092 |
| Calhoun | $61 | $163 | $351 | $614 | $943 |
| Carroll | $137 | $378 | $850 | $1,528 | $2,500 |
| Chicot | $82 | $169 | $342 | $718 | $1,571 |
| Clark | $60 | $176 | $458 | $934 | $1,541 |
| Clay | $93 | $242 | $445 | $728 | $1,193 |
| Cleburne | $115 | $307 | $753 | $1,481 | $2,596 |
| Cleveland | $103 | $236 | $492 | $924 | $1,491 |
| Columbia | $77 | $183 | $400 | $848 | $1,447 |
| Conway | $64 | $215 | $532 | $970 | $1,607 |
| Craighead | $391 | $685 | $1,210 | $1,816 | $2,747 |
| Crawford | $130 | $347 | $716 | $1,235 | $1,906 |
| Crittenden | $113 | $277 | $662 | $1,329 | $2,065 |
| Cross | $69 | $200 | $467 | $888 | $1,498 |
| Dallas | $83 | $183 | $345 | $601 | $916 |
| Desha | $92 | $191 | $449 | $803 | $1,324 |
| Drew | $56 | $175 | $445 | $947 | $1,640 |
| Faulkner | $381 | $847 | $1,390 | $2,023 | $2,903 |
| Franklin | $54 | $210 | $476 | $846 | $1,383 |
| Fulton | $127 | $260 | $483 | $781 | $1,190 |
| Garland | $164 | $401 | $863 | $1,672 | $2,999 |
| Grant | $158 | $376 | $770 | $1,345 | $1,977 |
| Greene | $229 | $450 | $820 | $1,325 | $1,906 |
| Hempstead | $42 | $122 | $306 | $610 | $1,094 |
| Hot Spring | $70 | $211 | $477 | $931 | $1,533 |
| Howard | $126 | $267 | $510 | $910 | $1,478 |
| Independence | $65 | $153 | $426 | $854 | $1,464 |
| Izard | $49 | $140 | $375 | $770 | $1,389 |
| Jackson | $57 | $145 | $308 | $576 | $1,012 |
| Jefferson | $40 | $192 | $457 | $984 | $1,667 |
| Johnson | $82 | $252 | $542 | $950 | $1,467 |
| Lafayette | $24 | $61 | $185 | $461 | $913 |
| Lawrence | $154 | $279 | $469 | $728 | $1,122 |
| Lee | $50 | $140 | $285 | $492 | $815 |
| Lincoln | $37 | $123 | $302 | $678 | $1,246 |
| Little River | $42 | $125 | $326 | $620 | $1,021 |
| Logan | $166 | $334 | $602 | $978 | $1,467 |
| Lonoke | $291 | $667 | $1,186 | $1,730 | $2,384 |
| Madison | $38 | $170 | $463 | $924 | $1,514 |
| Marion | $157 | $353 | $708 | $1,184 | $1,820 |
| Miller | $104 | $273 | $630 | $1,224 | $1,963 |
| Mississippi | $107 | $244 | $527 | $909 | $1,497 |
| Monroe | $108 | $194 | $356 | $645 | $1,125 |
| Montgomery | N/A | N/A | N/A | N/A | N/A |
| Nevada | $24 | $75 | $203 | $442 | $771 |
| Newton | $129 | $278 | $525 | $902 | $1,396 |
| Ouachita | $34 | $103 | $254 | $550 | $974 |
| Perry | $61 | $183 | $443 | $860 | $1,438 |
| Phillips | $58 | $122 | $283 | $604 | $1,139 |
| Pike | $109 | $262 | $523 | $939 | $1,620 |
| Poinsett | $114 | $241 | $472 | $855 | $1,469 |
| Polk | N/A | N/A | N/A | N/A | N/A |
| Pope | $243 | $530 | $927 | $1,462 | $2,130 |
| Prairie | $54 | $145 | $335 | $647 | $1,195 |
| Pulaski | $297 | $727 | $1,457 | $2,585 | $4,089 |
| Randolph | $40 | $142 | $338 | $633 | $1,057 |
| St. Francis | $84 | $168 | $344 | $676 | $1,115 |
| Saline | $232 | $638 | $1,361 | $1,973 | $2,825 |
| Scott | $88 | $194 | $385 | $658 | $996 |
| Searcy | $117 | $230 | $434 | $748 | $1,177 |
| Sebastian | $363 | $588 | $994 | $1,553 | $2,324 |
| Sevier | $42 | $133 | $344 | $665 | $1,116 |
| Sharp | $144 | $300 | $481 | $769 | $1,268 |
| Stone | $123 | $262 | $507 | $867 | $1,284 |
| Union | $60 | $157 | $378 | $784 | $1,496 |
| Van Buren | $128 | $284 | $534 | $934 | $1,510 |
| Washington | $506 | $972 | $1,659 | $2,569 | $3,892 |
| White | $99 | $280 | $632 | $1,126 | $1,712 |
| Woodruff | $51 | $144 | $317 | $609 | $1,112 |
| Yell | $107 | $272 | $585 | $1,024 | $1,612 |
Source: Ownwell
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