Magazine, Logan County, Arkansas Property Taxes

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

Median Magazine, Arkansas effective property tax rate: 0.94%, significantly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Magazine, Arkansas home value: $58,950
Median annual Magazine, Arkansas tax bill: $504, $1,896 lower than the national median property tax bill of $2,400.

How are property taxes in Logan calculated?

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

Last Updated March 1, 2025

Magazine, Logan County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.94%

Estimate Property Tax Bill

$554

$514

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

Property Tax Rates Across Magazine, Logan County, Arkansas

Local government entities determine tax rates, which can vary widely within a state. Each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Magazine’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.

Property Tax Rates Across Magazine, Logan County, Arkansas

Source: Ownwell

0.88%

0.93%

0.98%

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 Magazine Taxx Rate

0.94%

Median Effective Logan County Taxx Rate

0.92%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Magazine, Logan County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72943	0.69%	0.85%	0.94%	0.94%	0.99%

Source: Ownwell

Property Tax Assessment Values Across Magazine, Logan County, Arkansas

When examining property taxes in Magazine, 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 Logan 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 Logan 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 Magazine. For example, the median home price in Magazine is $58,950, with tax bills ranging significantly across the county. Zip code 72943 has the highest median home price at $58,950.

Property Tax Assessment Values Across Magazine, Logan County, Arkansas

Source: Ownwell

$22,900

$54,425

$85,950

Median Magazine Market Value

$58,950

Median Logan County Market Value

$67,850

Median Arkansas Market Value

$113,950

Median United States Market Value

$244,900

Property Tax Assessment Values Across Magazine, Logan County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72943	$13,500	$29,750	$58,950	$102,850	$161,850

Source: Ownwell

Property Tax Bills Across Magazine, Logan County, Arkansas

In Magazine, located in Logan County, Arkansas, property tax bills are determined by assessing the property's market value and applying the local tax rate. With a median home price of $58,950, Magazine homeowners face a median property tax bill of $504, significantly lower than the national median of $2,400. Factors influencing the tax bill include property size, location, and improvements. The tax rate is applied to the assessed value, which is typically a percentage of the market value. Homeowners in Magazine may find their tax bills vary, with the 25th percentile at $263 and the 90th percentile reaching $1,362, indicating a range of tax liabilities. This fluctuation can impact homeowners' budgets and financial planning. Ownwell offers valuable assistance by identifying potential savings through property tax appeals and exemptions. By leveraging their expertise, homeowners can ensure their property is accurately assessed, potentially reducing their tax burden and easing financial stress.

Property Tax Bills Across Magazine, Logan County, Arkansas

Source: Ownwell

$217

$475

$732

Median Magazine Tax Bill

$504

Median Logan County Tax Bill

$602

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,690

Property Tax Bills Across Magazine, Logan County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72943	$125	$263	$504	$899	$1,362

Source: Ownwell