Alix, Franklin County, Arkansas Property Taxes

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

Median ALIX, AR effective property tax rate: 0.10%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median ALIX, AR home value: $62,350
Median annual ALIX, AR tax bill: $64, $2,336 lower than the national median property tax bill of $2,400.

How are property taxes in Franklin calculated?

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

Last Updated March 1, 2025

Alix, Franklin County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.1%

Estimate Property Tax Bill

$62

$58

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

Property Tax Rates Across Alix, Franklin County, Arkansas

Local government entities establish property tax rates, which can differ significantly across regions. This variation stems from the annual budget estimation process conducted by each county. They determine the necessary funds to provide public services and divide this amount by the total value of all taxable properties within their area. This calculation yields the property tax rate. While the process involves votes and legislation, this is essentially how it works each year.

In Alix, located in Franklin County, Arkansas, the effective property tax rate offers an interesting perspective. When compared to other cities within Arkansas, Alix's rate provides insight into the local economic landscape. The median property tax rate in Arkansas is notably lower than the national median, offering potential savings for property owners. This can be particularly appealing for those looking to maximize their investment in real estate. By understanding these rates, property owners can make informed decisions about purchasing or appealing property taxes.

Property Tax Rates Across Alix, Franklin County, Arkansas

Source: Ownwell

0.68%

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 Alix Taxx Rate

0.10%

Median Effective Franklin County Taxx Rate

0.67%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Alix, Franklin County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72820	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Alix, Franklin County, Arkansas

When examining property taxes in ALIX, AR, 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 Franklin County Appraisal District 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 Franklin 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 ALIX.

For example, the median home price in ALIX is $62,350, with tax bills being notably lower than the national median property tax bill of $2,400.

Property Tax Assessment Values Across Alix, Franklin County, Arkansas

Source: Ownwell

$75,250

$81,525

$87,800

Median Alix Market Value

$62,350

Median Franklin County Market Value

$75,300

Median Arkansas Market Value

$113,950

Median United States Market Value

$244,900

Property Tax Assessment Values Across Alix, Franklin County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72820	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Alix, Franklin County, Arkansas

In Alix, Franklin County, Arkansas, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. With a median home price of $62,350, the property tax rate in this area is relatively low compared to the national median rate of 1.02%. This results in a tax bill consistently around $64, as seen in the 25th, 75th, and 90th percentiles, indicating a stable and predictable tax environment for homeowners. Factors influencing the tax bill include the property's assessed value and the local tax rate. This low tax bill may be appealing to homeowners, but it's essential to ensure that the property is assessed accurately to avoid overpaying. Ownwell can assist homeowners in Alix by reviewing their property assessments and identifying potential savings. By appealing incorrect assessments or securing applicable exemptions, Ownwell helps homeowners reduce their property tax bills, ensuring they only pay what is necessary and fair, thereby maximizing their savings.

Property Tax Bills Across Alix, Franklin County, Arkansas

Source: Ownwell

$495

$529

$563

Median Alix Tax Bill

$64

Median Franklin County Tax Bill

$476

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,690

Property Tax Bills Across Alix, Franklin County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72820	N/A	N/A	N/A	N/A	N/A

Source: Ownwell