Clark County, Arkansas Property Taxes
The median property tax rate in Clark County is 0.86%, which is slightly lower than the national median of 0.99% but higher than the Arkansas state median of 0.84%. With a median home value of $58,450 in Clark County, the typical annual property tax bill amounts to $458, significantly below the national median of $2,690. Property taxes in Clark County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as primary residence and agricultural exemptions. Understanding Clark 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 Arkadelphia or another part of Clark County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clark County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$503
$466
Ownwell’s Clark County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clark County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Clark 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 and takes into account any exemptions you may have on your property.
Property Tax Rates Across Clark County, Arkansas
Property taxes in Clark County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Clark County is 0.86%, which is lower than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Clark County set these rates annually, and they can vary significantly between different areas within the county. Each year, Clark 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 Clark County's effective property tax rate with other regions in Arkansas and the national median. For comparison, the city of Sparkman has one of the higher property tax rates in Arkansas at 1.06%, while the city of Glenwood boasts one of the lowest at 0.62%. Analyzing how Clark County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Clark County Tax Rate
0.86%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clark County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amity | 0.10% | 0.38% | 0.96% | 0.96% | 1.06% |
| Arkadelphia | 0.31% | 0.61% | 0.87% | 1.13% | 1.14% |
| Beirne | N/A | N/A | N/A | N/A | N/A |
| Bismarck | N/A | N/A | N/A | N/A | N/A |
| Caddo Valley | 0.52% | 0.69% | 0.83% | 1.14% | 1.14% |
| Curtis | N/A | N/A | N/A | N/A | N/A |
| Glenwood | N/A | N/A | N/A | N/A | N/A |
| Gurdon | 0.15% | 0.39% | 0.86% | 0.97% | 0.97% |
| Okolona | 0.14% | 0.42% | 0.86% | 0.96% | 0.96% |
| Sparkman | 0.62% | 0.74% | 1.06% | 1.06% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Clark County, Arkansas
In Clark 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 Clark 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 Clark 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. Being aware of these valuation processes in Clark County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. For instance, Glenwood has the highest median tax bill at $1,069, while Beirne has the lowest at $124. This range highlights the importance of understanding your property's assessed value to potentially reduce your tax liability.
Average Clark County Assessed Value
$58,450
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clark County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amity | $7,950 | $19,625 | $42,850 | $74,925 | $116,200 |
| Arkadelphia | $14,015 | $39,688 | $80,150 | $134,812 | $202,840 |
| Beirne | N/A | N/A | N/A | N/A | N/A |
| Bismarck | N/A | N/A | N/A | N/A | N/A |
| Caddo Valley | $5,610 | $29,412 | $89,900 | $114,238 | $139,255 |
| Curtis | N/A | N/A | N/A | N/A | N/A |
| Glenwood | N/A | N/A | N/A | N/A | N/A |
| Gurdon | $7,000 | $17,850 | $34,750 | $61,512 | $96,750 |
| Okolona | $6,740 | $16,662 | $37,200 | $79,850 | $128,330 |
| Sparkman | $8,200 | $12,750 | $48,600 | $91,875 | $118,590 |
Source: Ownwell
Property Tax Bills Across Clark County, Arkansas
In Clark County, AR, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in this county can expect their tax bills to vary significantly depending on several factors, including the assessed value of their property and the specific tax rates set by local taxing authorities. For instance, the median home price in Clark County is $58,450. Tax bills in this region can range widely; at the 25th percentile, homeowners might pay around $176, while those at the 75th percentile could see bills as high as $934. For the top 10% of homes, tax bills can reach up to $1,541. The highest median tax bill recorded is in Glenwood at $1,069, whereas Beirne has the lowest at $124. These variations highlight the impact of property values and local tax rates on homeowners, with higher-valued properties and areas with higher tax rates leading to more substantial tax bills.
Average Clark County Tax Bill
$458
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Clark County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amity | $29 | $90 | $259 | $519 | $920 |
| Arkadelphia | $102 | $286 | $659 | $1,166 | $1,843 |
| Beirne | N/A | N/A | N/A | N/A | N/A |
| Bismarck | N/A | N/A | N/A | N/A | N/A |
| Caddo Valley | $83 | $393 | $725 | $1,042 | $1,419 |
| Curtis | N/A | N/A | N/A | N/A | N/A |
| Glenwood | N/A | N/A | N/A | N/A | N/A |
| Gurdon | $31 | $83 | $222 | $400 | $679 |
| Okolona | $30 | $96 | $266 | $612 | $882 |
| Sparkman | $109 | $155 | $427 | $891 | $1,043 |
Source: Ownwell