Ward, Lonoke County, Arkansas Property Taxes

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

Median Ward, Arkansas effective property tax rate: 0.93%, slightly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Ward, Arkansas home value: $109,550
Median annual Ward, Arkansas tax bill: $1,074, $1,326 lower than the national median property tax bill of $2,400.

How are property taxes in Lonoke calculated?

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

Last Updated March 1, 2025

Ward, Lonoke County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.93%

Estimate Property Tax Bill

$1,019

$945

Ownwell’s Ward Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ward with just two data points. By entering your property's estimated assessed value, our calculator applies Ward’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 Ward, Lonoke County, Arkansas

Local government entities set tax rates, which can vary widely within a state. The reason for this variation is that 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 there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare WARD’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 Ward, Lonoke County, Arkansas

Source: Ownwell

0.92%

1.04%

1.16%

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 Ward Tax Rate

0.93%

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 Ward, Lonoke County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72176	0.72%	0.88%	0.93%	1.02%	1.02%

Source: Ownwell

Property Tax Assessment Values Across Ward, Lonoke County, Arkansas

When examining property taxes in WARD, AR, 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 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 Lonoke 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 WARD.

For example, the median home price in WARD is $109,550, with tax bills ranging significantly across the county. 72176 has the highest median home price at $109,550.

Property Tax Assessment Values Across Ward, Lonoke County, Arkansas

Source: Ownwell

$43,650

$94,013

$144,375

Median Ward Market Value

$109,550

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 Ward, Lonoke County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72176	$20,200	$60,600	$109,550	$143,750	$196,500

Source: Ownwell

Property Tax Bills Across Ward, Lonoke County, Arkansas

In Ward, located in Lonoke County, AR, property tax bills are calculated based on the assessed value of a home, which is determined as a percentage of its market value. The median home price in Ward is $109,550, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as the property's location and any applicable exemptions can influence the final amount. Homeowners in Ward face a median tax bill of $1,074, which is below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $572 and the 90th percentile reaching $1,818. This range shows the impact of different property values and exemptions on tax bills. Ownwell assists homeowners by identifying potential savings through appealing assessed values and ensuring all eligible exemptions are applied. By leveraging expertise in property tax laws, Ownwell helps homeowners in Ward reduce their property tax burden, providing significant financial relief and peace of mind.

Property Tax Bills Across Ward, Lonoke County, Arkansas

Source: Ownwell

$451

$931

$1,411

Median Ward Tax Bill

$1,074

Median Lonoke County Tax Bill

$1,186

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Ward, Lonoke County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72176	$215	$572	$1,074	$1,409	$1,818

Source: Ownwell