Ravenden, Lawrence County, Arkansas Property Taxes
Median Ravenden, AR effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Ravenden, AR home value: $52,975
Median annual Ravenden, AR tax bill: $392, $2,008 lower than the national median property tax bill of $2,400.
How are property taxes in Lawrence County calculated?
Property taxes in Ravenden, 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 Ravenden’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ravenden, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ravenden, Lawrence County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.72%
Estimate Property Tax Bill
$381
$354
Property Tax Rates Across Ravenden, Lawrence County, Arkansas
Local government entities set tax rates, which can vary widely within a state. This is because each year, counties estimate their required budget to provide services and divide that by the total value of all taxable property within their jurisdiction. This calculation results 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 Ravenden, located in Lawrence County, Arkansas, the effective property tax rate is a reflection of this process. It's interesting to note that Ravenden's tax rate is consistent with both the highest and lowest median tax rates in the state, showcasing a level of uniformity within the area. When compared to the national median property tax rate of 1.02%, Ravenden's rate is lower, which may be appealing to property owners. Furthermore, the median property tax bill in the U.S. is $2,400, providing a benchmark against which residents can evaluate their own tax obligations. Understanding these figures can help property owners in Ravenden make informed decisions about their real estate investments and financial planning.
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 Ravenden Taxx Rate
0.72%
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 Ravenden, Lawrence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72459 | 0.41% | 0.57% | 0.72% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Ravenden, Lawrence County, Arkansas
When examining property taxes in Ravenden, 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 Ravenden. For example, the median home price in Ravenden is $52,975, with tax bills ranging significantly across the county. Zip code 72459 has the highest median home price at $52,975.
Property Tax Assessment Values Across Ravenden, Lawrence County, Arkansas
Source: Ownwell
$37,178
$67,033
$96,888
Median Ravenden Market Value
$52,975
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 Ravenden, Lawrence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72459 | $19,228 | $31,679 | $52,975 | $92,630 | $140,278 |
Source: Ownwell
Property Tax Bills Across Ravenden, Lawrence County, Arkansas
In Ravenden, Arkansas, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. With a median home price of $52,975, the property tax bill varies significantly. The 25th percentile tax bill is $196, while the 75th percentile reaches $654, and the 90th percentile goes up to $1,036. Compared to the national median property tax bill of $2,400, Ravenden homeowners generally face lower property tax bills. However, these taxes can still impact homeowners, influencing their overall financial planning and housing affordability.
Factors such as changes in property values and local tax rates play a crucial role in determining the final tax bill. Ownwell offers valuable assistance by helping homeowners appeal their property tax assessments and secure exemptions, potentially reducing their tax burden. By leveraging expertise and local knowledge, Ownwell ensures homeowners in Ravenden can achieve savings on their property taxes, making homeownership more affordable and financially manageable.
Median Ravenden Tax Bill
$392
Median Lawrence County Tax Bill
$469
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,690
Property Tax Bills Across Ravenden, Lawrence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72459 | $119 | $196 | $392 | $654 | $1,036 |
Source: Ownwell