Black Rock, Lawrence County, Arkansas Property Taxes
- Median Black Rock, Arkansas effective property tax rate: 0.57%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
- Median Black Rock, Arkansas home value: $62,150
- Median annual Black Rock, Arkansas tax bill: $322, $2,078 lower than the national median property tax bill of $2,400.
How are property taxes in Lawrence calculated?
Property taxes in Black Rock, Arkansas 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 Black Rock’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Black Rock, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Black Rock, Lawrence County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.57%
Estimate Property Tax Bill
$354
$329
Property Tax Rates Across Black Rock, Lawrence County, Arkansas
Local government entities are responsible for setting property tax rates, and these can vary significantly within a state. Annually, each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Black Rock, located in Lawrence County, Arkansas, the effective property tax rate is an essential factor for homeowners. Arkansas, with a median property tax rate of 0.57%, offers a more favorable tax environment compared to the national median rate of 1.02%. This can lead to significant savings for property owners in the area.
Comparing Black Rock's property tax rate to other cities in Arkansas and the national median reveals the potential for substantial financial benefits. Understanding these rates is crucial for homeowners looking to manage their expenses effectively. By appealing property taxes where necessary, residents can further optimize their financial situation.
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 Black Rock Taxx Rate
0.57%
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 Lawrence County Taxx Rate
0.63%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
0.99%
Property Tax Rates Across Black Rock, Lawrence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72415 | 0.33% | 0.48% | 0.57% | 0.74% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Black Rock, Lawrence County, Arkansas
When examining property taxes in Black Rock, 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 Lawrence 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 Lawrence 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 Black Rock.
For example, the median home price in Black Rock is $62,150, with tax bills ranging significantly across the county. Zip code 72415 has the highest median home price at $62,150.
Property Tax Assessment Values Across Black Rock, Lawrence County, Arkansas
Source: Ownwell
$37,178
$67,033
$96,888
Median Black Rock Market Value
$62,150
Median Lawrence County Market Value
$77,245
Median Arkansas Market Value
$113,950
Median United States Market Value
$244,900
Property Tax Assessment Values Across Black Rock, Lawrence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72415 | $19,827 | $34,210 | $62,150 | $103,210 | $157,619 |
Source: Ownwell
Property Tax Bills Across Black Rock, Lawrence County, Arkansas
Median Black Rock Tax Bill
$322
Median Lawrence County Tax Bill
$469
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,690
Property Tax Bills Across Black Rock, Lawrence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72415 | $110 | $192 | $322 | $595 | $985 |
Source: Ownwell