Lonoke County, Arkansas Property Taxes
The median property tax rate in Lonoke County is 1.01%, slightly higher than both the national median of 0.99% and Arkansas's state median of 0.84%. With a median home value of $119,600, the typical annual property tax bill in Lonoke County is $1,186, which is significantly lower than the national median of $2,690. Property taxes in Lonoke County are calculated based on the tax assessed value, which is often less than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Lonoke County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you live in Cabot or another part of Lonoke County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lonoke County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$1,208
$1,121
Ownwell’s Lonoke County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lonoke County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Lonoke County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Lonoke County, Arkansas
Property taxes in Lonoke County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Lonoke County is 1.01%, which is higher than both the Arkansas state median and the U.S. national median of 0.99%. Local government entities within Lonoke County set these rates annually, and they can vary significantly between different areas within the county. Each year, Lonoke County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Lonoke County's effective property tax rate with other areas in Arkansas and the national median. For comparison, the city of England has one of the higher property tax rates in Arkansas at 1.16%, while the city of Austin boasts one of the lowest at 0.92%. Analyzing how Lonoke County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Lonoke County Tax Rate
1.01%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lonoke County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Austin | 0.72% | 0.88% | 0.92% | 1.01% | 1.01% |
| Cabot | 0.80% | 0.92% | 1.02% | 1.02% | 1.02% |
| Carlisle | 0.75% | 0.95% | 0.97% | 1.07% | 1.07% |
| Coy | 0.75% | 0.89% | 1.08% | 1.08% | 1.08% |
| England | 0.87% | 0.99% | 1.16% | 1.16% | 1.16% |
| Humnoke | N/A | N/A | N/A | N/A | N/A |
| Jacksonville | 0.69% | 0.82% | 1.00% | 1.09% | 1.09% |
| Keo | 0.87% | 1.08% | 1.08% | 1.08% | 1.08% |
| Lonoke | 0.73% | 0.88% | 0.97% | 1.12% | 1.14% |
| Scott | 0.70% | 0.81% | 0.94% | 1.03% | 1.05% |
| Stuttgart | 0.92% | 0.97% | 0.97% | 0.97% | 0.97% |
| Ward | 0.72% | 0.88% | 0.93% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Lonoke County, Arkansas
In Lonoke County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Lonoke County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Lonoke County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. In Lonoke County, Cabot has the highest median tax bill at $1,411, while Keo has the lowest at $451. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Lonoke County Assessed Value
$119,600
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lonoke County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Austin | $30,910 | $84,750 | $137,950 | $188,425 | $245,890 |
| Cabot | $65,300 | $104,088 | $144,375 | $201,900 | $272,395 |
| Carlisle | $13,500 | $38,212 | $73,025 | $134,425 | $225,725 |
| Coy | $17,490 | $34,462 | $54,400 | $80,312 | $133,180 |
| England | $12,530 | $26,400 | $55,050 | $114,050 | $207,070 |
| Humnoke | N/A | N/A | N/A | N/A | N/A |
| Jacksonville | $11,950 | $33,625 | $64,350 | $104,750 | $157,370 |
| Keo | $12,055 | $28,938 | $43,650 | $87,125 | $171,165 |
| Lonoke | $19,650 | $46,300 | $86,550 | $146,825 | $212,350 |
| Scott | $6,865 | $32,250 | $67,400 | $130,025 | $253,955 |
| Stuttgart | $27,520 | $42,050 | $78,975 | $130,275 | $309,950 |
| Ward | $20,200 | $60,600 | $109,550 | $143,750 | $196,500 |
Source: Ownwell
Property Tax Bills Across Lonoke County, Arkansas
In Lonoke County, AR, property tax bills are calculated based on the assessed value of a home, which is derived from a percentage of the market value. The county uses an assessment ratio to determine this value, typically resulting in a lower assessed value compared to the market price. For instance, with a median home price of $119,600, property taxes can vary significantly. Homeowners in the 25th percentile might see tax bills around $667, while those in the 75th percentile could face bills up to $1,730. The highest median tax bill in the county is $1,411 in Cabot, whereas the lowest is $451 in Keo. These tax bills are influenced by various factors, including local tax rates and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Lonoke County's tax rates can be relatively moderate, but they still impact homeowners by contributing to the overall cost of owning a property.
Average Lonoke County Tax Bill
$1,186
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Lonoke County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Austin | $332 | $778 | $1,346 | $1,828 | $2,325 |
| Cabot | $626 | $1,014 | $1,411 | $1,959 | $2,605 |
| Carlisle | $208 | $430 | $742 | $1,350 | $2,263 |
| Coy | $231 | $354 | $532 | $774 | $1,189 |
| England | $164 | $313 | $610 | $1,260 | $2,161 |
| Humnoke | N/A | N/A | N/A | N/A | N/A |
| Jacksonville | $153 | $322 | $607 | $1,088 | $1,647 |
| Keo | $113 | $293 | $451 | $1,011 | $1,860 |
| Lonoke | $255 | $483 | $877 | $1,456 | $2,117 |
| Scott | $156 | $334 | $641 | $1,274 | $2,552 |
| Stuttgart | $281 | $398 | $669 | $1,314 | $3,048 |
| Ward | $215 | $572 | $1,074 | $1,409 | $1,818 |
Source: Ownwell