Morrilton, Conway County, Arkansas Property Taxes

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

Median Morrilton, AR effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Morrilton, AR home value: $91,200
Median annual Morrilton, AR tax bill: $633, $1,767 lower than the national median property tax bill of $2,400.

How are property taxes in Conway calculated?

Property taxes in Morrilton, AR 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 Morrilton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Morrilton, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Morrilton, Conway County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.68%

Estimate Property Tax Bill

$620

$575

Ownwell’s Morrilton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Morrilton with just two data points. By entering your property's estimated assessed value, our calculator applies Morrilton’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 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 Conway County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Morrilton, Conway County, Arkansas

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its 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, this is the annual process. Below, you can compare Morrilton’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S. Morrilton, located in Conway County, boasts a median property tax rate of 0.68%. This rate stands out when compared to the national median property tax rate of 1.02%. The lower rate can be particularly appealing to property owners looking to reduce their tax burden. Furthermore, the consistency in Morrilton’s property tax rate is notable, with the highest and lowest median tax rates both recorded at 0.68% within the same zip code. For property owners, understanding these rates is crucial in assessing potential savings and making informed decisions about property investments.

Property Tax Rates Across Morrilton, Conway County, Arkansas

Source: Ownwell

0.44%

0.57%

0.69%

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 Morrilton Tax Rate

0.68%

Median Effective Conway County Tax Rate

0.63%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Morrilton, Conway County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72110	0.20%	0.42%	0.68%	0.98%	1.08%

Source: Ownwell

Property Tax Assessment Values Across Morrilton, Conway County, Arkansas

When examining property taxes in Morrilton, 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 location, property condition, and economic market trends. The Conway 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. In Conway County, assessment notices 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 Morrilton. For example, the median home price in Morrilton is $91,200, with tax bills ranging significantly across the county. ZIP code 72110 has the highest median home price at $91,200.

Property Tax Assessment Values Across Morrilton, Conway County, Arkansas

Source: Ownwell

$58,550

$75,950

$93,350

Median Morrilton Market Value

$91,200

Median Conway County Market Value

$84,000

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Morrilton, Conway County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72110	$30,950	$55,250	$91,200	$155,388	$228,175

Source: Ownwell

Property Tax Bills Across Morrilton, Conway County, Arkansas

In Morrilton, located in Conway County, AR, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include property size, location, and improvements. The median home price in the area is $91,200, with property tax bills ranging widely. The 25th percentile tax bill is $311, while the 75th percentile reaches $1,080, and the 90th percentile can be as high as $1,768. Compared to the national median property tax bill of $2,400, Morrilton's property taxes are relatively low. However, homeowners can still benefit from potential savings. Ownwell assists homeowners by identifying discrepancies in property assessments and filing appeals for over-assessments. By leveraging expert knowledge and local market insights, Ownwell ensures that property owners pay only their fair share, potentially lowering their tax bills significantly.

Property Tax Bills Across Morrilton, Conway County, Arkansas

Source: Ownwell

$206

$420

$633

Median Morrilton Tax Bill

$633

Median Conway County Tax Bill

$532

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Morrilton, Conway County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72110	$104	$311	$633	$1,080	$1,768

Source: Ownwell