Oil Trough, Jackson County, Arkansas Property Taxes

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

Median Oil Trough, AR effective property tax rate: 0.32%, significantly lower than the national median of 1.02%, but also lower than the Arkansas state median of 0.84%.
Median Oil Trough, AR home value: $37,250
Median annual Oil Trough, AR tax bill: $121, $2,279 lower than the national median property tax bill of $2,400.

How are property taxes in Jackson County calculated?

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

Last Updated March 1, 2025

Oil Trough, Jackson County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.32%

Estimate Property Tax Bill

$119

$111

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

Property Tax Rates Across Oil Trough, Jackson 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, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell. In Oil Trough, located in Jackson County, Arkansas, the effective property tax rate is notably lower than both the state and national medians. The median property tax rate in Arkansas is among the lowest in the nation, offering significant savings compared to the national median property tax rate of 1.02%. This lower rate can translate into more affordable living for homeowners, making Arkansas an attractive option for those looking to minimize their property tax burden. Comparing Oil Trough’s property tax rate to other areas in Arkansas and the U.S. underscores the potential benefits of owning property here, especially for those seeking to invest in a region with lower property tax obligations.

Property Tax Rates Across Oil Trough, Jackson County, Arkansas

Source: Ownwell

0.73%

0.88%

1.02%

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 Oil Trough Taxx Rate

0.32%

Median Effective Jackson County Taxx Rate

0.90%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Oil Trough, Jackson County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72564	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Oil Trough, Jackson County, Arkansas

When examining property taxes in Oil Trough, 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 Jackson 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.

In Jackson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Oil Trough. For example, the median home price in Oil Trough is $37,250, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Oil Trough, Jackson County, Arkansas

Source: Ownwell

$18,000

$36,925

$55,850

Median Oil Trough Market Value

$37,250

Median Jackson County Market Value

$45,225

Median Arkansas Market Value

$113,950

Median United States Market Value

$244,900

Property Tax Assessment Values Across Oil Trough, Jackson County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72564	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Oil Trough, Jackson County, Arkansas

In Oil Trough, AR, property tax bills are calculated based on the assessed value of a home rather than its market value. The assessed value is a percentage of the home's market value, which is determined by the county assessor. In Jackson County, where Oil Trough is located, the median property tax bill is significantly lower than the national median, with amounts such as $121 being common across various percentiles. This low tax bill can be attributed to the relatively modest median home price of $37,250 in the area.

Homeowners in Oil Trough can benefit from appealing their property tax assessments if they believe their home's assessed value is higher than its actual market value. This is where Ownwell comes in. By leveraging their expertise in property tax appeals, Ownwell can help homeowners navigate the complexities of the appeals process, potentially reducing their property tax bills. By ensuring that homes are assessed fairly, Ownwell aids in alleviating the financial burden on homeowners, allowing them to save money that can be better spent elsewhere.

Property Tax Bills Across Oil Trough, Jackson County, Arkansas

Source: Ownwell

$148

$250

$352

Median Oil Trough Tax Bill

$121

Median Jackson County Tax Bill

$308

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,690

Property Tax Bills Across Oil Trough, Jackson County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72564	N/A	N/A	N/A	N/A	N/A

Source: Ownwell