Chicot County, Arkansas Property Taxes

Name: Property Tax Bills Across Chicot County, Arkansas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Chicot County effective property tax rate: 0.92%, significantly lower than the national median of 1.02%.
Median Chicot County home value: $35,600
Median annual Chicot County tax bill: $342, $2,058 lower than the national median property tax bill of $2,400.

How are property taxes in Chicot County calculated?

Property taxes in Chicot County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Lake Village or another part of Chicot County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Chicot County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.92%

Estimate Property Tax Bill

$328

$304

Ownwell’s Chicot County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Chicot County with just two data points. By entering your property's estimated assessed value, our calculator applies Chicot County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Chicot County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Chicot County, Arkansas

Local government entities are responsible for setting tax rates, which can differ significantly within a state. Each year, counties determine their budgets to fund essential services and then divide that by the total assessed value of all taxable properties within their area. This calculation establishes the property tax rate. Though the process involves votes and legal frameworks, this is the annual routine in a nutshell.

For instance, Chicot County's effective property tax rate can be compared to other counties in Arkansas or even the national median property tax rate. Chicot County has a median property tax rate of 0.92%, which is below the national median of 1.02%. Within Arkansas, DERMOTT boasts the highest median tax rate at 1.13%, while EUDORA shares the same rate as Chicot County at 0.92%. These variations highlight how local governance and budgetary needs can influence property tax rates, impacting property owners differently across regions. Understanding these rates can help property owners in Chicot County make informed decisions about their property investments and potential tax savings.

Property Tax Rates Across Chicot County, Arkansas

Source: Ownwell

0.92%

1.02%

1.13%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Chicot County Tax Rate

0.92%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Chicot County, Arkansas

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Dermott	0.74%	0.95%	1.13%	1.13%	1.13%
Eudora	0.68%	0.87%	0.92%	1.02%	1.02%
Lake Village	0.71%	0.91%	0.92%	0.92%	0.92%
Portland	0.83%	0.92%	0.92%	0.99%	0.99%
El Dorado	N/A	N/A	N/A	N/A	N/A
Greenville	N/A	N/A	N/A	N/A	N/A
Parkdale	N/A	N/A	N/A	N/A	N/A
Wilmot	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Chicot County, Arkansas

When examining property taxes in Chicot County, 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 location, property condition, and economic market trends. The Chicot County Assessor estimates the market value for tax purposes. The assessed value is 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:

Assessment notices in Chicot County are sent in the spring each year. They’ll typically reach your mailbox by the middle 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 and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Chicot County.

For example, the median tax bill in Chicot County is $590, with tax bills ranging significantly across the county. Portland has the highest median home price at $60,800.

Property Tax Assessment Values Across Chicot County, Arkansas

Source: Ownwell

$24,350

$42,575

$60,800

Median Chicot County Market Value

$35,600

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Chicot County, Arkansas

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Dermott	$4,400	$12,050	$24,350	$46,025	$81,600
Eudora	$4,500	$12,062	$24,450	$47,050	$88,690
Lake Village	$8,150	$25,350	$58,300	$134,150	$248,540
Portland	$10,960	$32,388	$60,800	$120,338	$193,600
El Dorado	N/A	N/A	N/A	N/A	N/A
Greenville	N/A	N/A	N/A	N/A	N/A
Parkdale	N/A	N/A	N/A	N/A	N/A
Wilmot	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Chicot County, Arkansas

In Chicot County, AR, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the home's market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, and any improvements made. The median home price in Chicot County is $35,600, which is significantly lower than the national median, resulting in comparatively lower property tax bills for homeowners.

The median property tax bill in Chicot County is $590, which is below the national median of $2,400. However, tax bills can vary across the county, with the 25th percentile at $169 and the 90th percentile reaching $1,571. Homeowners in Portland experience the highest median tax bill at $590, while those in Eudora pay the lowest at $236. These taxes fund essential public services, impacting homeowners by contributing to the quality of local infrastructure, schools, and emergency services.

Property Tax Bills Across Chicot County, Arkansas

Source: Ownwell

$236

$413

$590

Median Chicot County Tax Bill

$342

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Chicot County, Arkansas

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Dermott	$78	$144	$254	$444	$724
Eudora	$75	$134	$236	$425	$766
Lake Village	$99	$245	$531	$1,173	$2,121
Portland	$145	$310	$590	$1,077	$1,742
El Dorado	N/A	N/A	N/A	N/A	N/A
Greenville	N/A	N/A	N/A	N/A	N/A
Parkdale	N/A	N/A	N/A	N/A	N/A
Wilmot	N/A	N/A	N/A	N/A	N/A

Source: Ownwell