Scott, Lonoke County, Arkansas Property Taxes
Median Scott, Arkansas effective property tax rate: 0.94%, slightly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Scott, Arkansas home value: $67,400
Median annual Scott, Arkansas tax bill: $641, $1,759 lower than the national median property tax bill of $2,400.
How are property taxes in Lonoke County calculated?
Property taxes in Scott, 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 Scott’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Scott, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Scott, Lonoke County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.94%
Estimate Property Tax Bill
$634
$588
Ownwell’s Scott Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Scott with just two data points.
By entering your property's estimated assessed value, our calculator applies Scott’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 Lonoke County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Scott, Lonoke County, Arkansas
Local government entities determine property tax rates, and these can vary significantly within Arkansas. Each county estimates its budget requirements annually to provide essential services, dividing this by the total value of all taxable property within its jurisdiction. This calculation establishes the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the core of the annual process.
In Scott, located in Lonoke County, the effective property tax rate stands at 0.94%, closely aligning with both the highest and lowest median rates in the area, which also measure at 0.94%. This rate is slightly below the national median property tax rate of 1.02%. Compared to the national median property tax bill of $2,400, Scott's property tax bills are more affordable, offering residents a financial advantage. Understanding these rates can help homeowners make informed decisions about property investments and management.
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 Scott Tax Rate
0.94%
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 Lonoke County Tax Rate
1.01%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Scott, Lonoke County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72142 | 0.70% | 0.81% | 0.94% | 1.03% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Scott, Lonoke County, Arkansas
When examining property taxes in Scott, 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 Lonoke 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 Lonoke 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 Scott. For example, the median home price in Scott is $67,400, with tax bills ranging significantly across the county. Zip code 72142 has the highest median home price at $67,400.
Property Tax Assessment Values Across Scott, Lonoke County, Arkansas
Source: Ownwell
$43,650
$94,013
$144,375
Median Scott Market Value
$67,400
Median Lonoke County Market Value
$119,600
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Scott, Lonoke County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72142 | $6,865 | $32,250 | $67,400 | $130,025 | $253,955 |
Source: Ownwell
Property Tax Bills Across Scott, Lonoke County, Arkansas
Median Scott Tax Bill
$641
Median Lonoke County Tax Bill
$1,186
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Scott, Lonoke County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72142 | $156 | $334 | $641 | $1,274 | $2,552 |
Source: Ownwell