Drew County, Arkansas Property Taxes

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

Median Drew County effective property tax rate: 0.81%, significantly lower than the national median of 1.02%.
Median Drew County home value: $62,550
Median annual Drew County tax bill: $445, $1,955 lower than the national median property tax bill of $2,400.

How are property taxes in Drew County calculated?

Property taxes in Drew 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 Monticello or another part of Drew County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Drew County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.81%

Estimate Property Tax Bill

$507

$470

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

Property Tax Rates Across Drew County, Arkansas

Local government entities set tax rates, which can vary widely within a state. Each county annually 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 votes and laws influence tax rates and budgets, this is the annual process in a nutshell.

Below, you can compare Drew County's effective property tax rate to other counties in Arkansas or the U.S. median property tax rate. Drew County has a median property tax rate of 0.81%, which is lower than the national median of 1.02%. Within Arkansas, Winchester boasts the highest median tax rate at 0.98%, while Wilmar enjoys the lowest at 0.74%. This variance highlights the importance of understanding local tax rates, as they can significantly impact property tax bills and overall affordability. With a national median property tax bill of $2400, Drew County residents generally benefit from lower property tax obligations. Understanding these differences can help property owners make informed decisions and potentially save on taxes.

Property Tax Rates Across Drew County, Arkansas

Source: Ownwell

0.74%

0.86%

0.98%

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 Drew County Tax Rate

0.81%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Drew County, Arkansas

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Dermott	0.19%	0.55%	0.91%	0.95%	0.95%
Fountain Hill	0.21%	0.54%	0.91%	0.91%	0.91%
Hamburg	N/A	N/A	N/A	N/A	N/A
Monticello	0.18%	0.48%	0.79%	0.91%	0.96%
Montrose	N/A	N/A	N/A	N/A	N/A
Star City	N/A	N/A	N/A	N/A	N/A
Tillar	0.15%	0.38%	0.91%	0.95%	0.96%
Warren	N/A	N/A	N/A	N/A	N/A
Wilmar	0.13%	0.42%	0.74%	0.91%	0.95%
Winchester	0.15%	0.28%	0.98%	0.98%	0.98%

Source: Ownwell

Property Tax Assessment Values Across Drew County, Arkansas

When examining property taxes in Drew 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 Drew County Assessor's Office 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:

In Drew County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Drew County.

For example, the median tax bill in Drew County is $498.00, with tax bills ranging significantly across the county. Monticello has the highest median home price at $68,600.

Property Tax Assessment Values Across Drew County, Arkansas

Source: Ownwell

$20,325

$44,463

$68,600

Median Drew County Market Value

$62,550

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Drew County, Arkansas

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Dermott	$9,820	$18,750	$39,600	$81,000	$133,160
Fountain Hill	$13,630	$24,150	$52,350	$102,150	$145,390
Hamburg	N/A	N/A	N/A	N/A	N/A
Monticello	$15,535	$32,850	$68,600	$141,025	$217,380
Montrose	N/A	N/A	N/A	N/A	N/A
Star City	N/A	N/A	N/A	N/A	N/A
Tillar	$12,340	$21,038	$37,775	$76,962	$134,850
Warren	N/A	N/A	N/A	N/A	N/A
Wilmar	$12,915	$25,062	$50,650	$106,000	$176,140
Winchester	$5,450	$10,450	$20,325	$34,188	$42,900

Source: Ownwell

Property Tax Bills Across Drew County, Arkansas

Property tax bills in Drew County, Arkansas, are determined by assessing the property's market value and applying the corresponding tax rate. The median home price in Drew County is $62,550, and the property tax rate is applied to this assessed value to calculate the annual tax bill. Homeowners in Drew County typically see a range in their tax bills, with the 25th percentile at $175 and the 75th percentile reaching $947. For those at the 90th percentile, the tax bill can be as high as $1,640. In Monticello, the highest median tax bill is $498, whereas Winchester has the lowest at $106. These figures are notably below the national median property tax bill of $2,400, providing a relatively affordable tax environment for homeowners. Such variations in tax bills can significantly affect homeowners, influencing decisions on property purchases and long-term financial planning. Understanding these factors is crucial for homeowners to manage their expenses effectively.

Property Tax Bills Across Drew County, Arkansas

Source: Ownwell

$106

$302

$498

Median Drew County Tax Bill

$445

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Drew County, Arkansas

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Dermott	$33	$111	$246	$610	$1,072
Fountain Hill	$72	$160	$381	$746	$1,146
Hamburg	N/A	N/A	N/A	N/A	N/A
Monticello	$66	$198	$498	$1,036	$1,712
Montrose	N/A	N/A	N/A	N/A	N/A
Star City	N/A	N/A	N/A	N/A	N/A
Tillar	$35	$104	$249	$605	$1,136
Warren	N/A	N/A	N/A	N/A	N/A
Wilmar	$45	$136	$315	$727	$1,304
Winchester	$22	$47	$106	$204	$375

Source: Ownwell