Lafayette County, Arkansas Property Taxes
Median Lafayette County effective property tax rate: 0.93%, significantly lower than the national median of 1.02%.
Median Lafayette County home value: $29,800
Median annual Lafayette County tax bill: $185, $2,215 lower than the national median property tax bill of $2,400.
How are property taxes in Lafayette County calculated?
Property taxes in Lafayette 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 Lewisville or another part of Lafayette County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lafayette County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.93%
Estimate Property Tax Bill
$277
$257
Property Tax Rates Across Lafayette County, Arkansas
Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This variation is primarily because each county annually estimates its budget to provide essential services and divides it by the total value of taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in these decisions, this is essentially how the process unfolds each year.
In Lafayette County, Arkansas, the effective property tax rate stands at 0.93%, slightly below the national median of 1.02%. This rate is consistent across the county, with Bradley having the same highest median tax rate of 0.93%. Meanwhile, Stamps presents the lowest median tax rate at 0.84%. Compared to the national median property tax bill of $2400, residents in Lafayette County may find their property tax burden more manageable. Understanding these local variations can help property owners make informed decisions about appealing or seeking exemptions for their property taxes.
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 Lafayette County Tax Rate
0.93%
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 Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lafayette County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bradley | 0.22% | 0.57% | 0.93% | 1.03% | 1.03% |
| Buckner | N/A | N/A | N/A | N/A | N/A |
| Hope | N/A | N/A | N/A | N/A | N/A |
| Lewisville | 0.16% | 0.50% | 0.84% | 0.95% | 0.95% |
| Stamps | 0.14% | 0.43% | 0.84% | 0.94% | 0.94% |
| Taylor | 0.24% | 0.69% | 0.93% | 0.93% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Lafayette County, Arkansas
When examining property taxes in Lafayette 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 Lafayette 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.
Assessment notices: In Lafayette 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 Lafayette County. For example, the median tax bill in Lafayette County is $235, with tax bills ranging significantly across the county. Taylor has the highest median home price at $35,975.
Property Tax Assessment Values Across Lafayette County, Arkansas
Source: Ownwell
$27,350
$31,663
$35,975
Median Lafayette County Market Value
$29,800
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lafayette County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bradley | $3,335 | $12,375 | $33,100 | $64,762 | $137,860 |
| Buckner | N/A | N/A | N/A | N/A | N/A |
| Hope | N/A | N/A | N/A | N/A | N/A |
| Lewisville | $4,005 | $10,850 | $27,350 | $61,100 | $115,465 |
| Stamps | $4,150 | $11,225 | $27,450 | $54,450 | $98,050 |
| Taylor | $3,585 | $10,225 | $35,975 | $75,162 | $134,190 |
Source: Ownwell
Property Tax Bills Across Lafayette County, Arkansas
Median Lafayette County Tax Bill
$185
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Lafayette County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bradley | $27 | $71 | $235 | $594 | $1,182 |
| Buckner | N/A | N/A | N/A | N/A | N/A |
| Hope | N/A | N/A | N/A | N/A | N/A |
| Lewisville | $25 | $62 | $183 | $465 | $943 |
| Stamps | $23 | $56 | $148 | $350 | $652 |
| Taylor | $28 | $66 | $221 | $558 | $1,135 |
Source: Ownwell