Manila, Mississippi County, Arkansas Property Taxes
Median MANILA, AR effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median MANILA, AR home value: $98,728
Median annual MANILA, AR tax bill: $787, $1,613 lower than the national median property tax bill of $2,400.
How are property taxes in Mississippi calculated?
Property taxes in MANILA, 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 MANILA’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in MANILA, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Manila, Mississippi County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.87%
Estimate Property Tax Bill
$859
$797
Ownwell’s Manila Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Manila with just two data points.
By entering your property's estimated assessed value, our calculator applies Manila’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 Mississippi County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Manila, Mississippi County, Arkansas
Local government entities set property tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its required budget to deliver services and divides that by the total value of all taxable property in its jurisdiction. The resulting figure is the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Manila, located in Mississippi County, Arkansas, the effective property tax rate stands at 0.87%. This rate is consistent across the county, reflecting a uniform approach to property tax assessment. Compared to the national median property tax rate of 1.02%, Manila's rate is lower, offering potential savings for property owners. Additionally, the national median property tax bill is $2400, which may be higher than what residents in Manila typically pay, given the lower rate.
This comparison highlights the importance of understanding local tax rates, as they can significantly impact the overall cost of property ownership. By evaluating these rates, property owners in Manila can make informed decisions and potentially benefit from lower property tax liabilities.
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 Manila Tax Rate
0.87%
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 Mississippi County Tax Rate
0.86%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Manila, Mississippi County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72442 | 0.50% | 0.65% | 0.87% | 1.00% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Manila, Mississippi County, Arkansas
When examining property taxes in Manila, 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 Mississippi 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 Mississippi 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 Manila. For example, the median home price in Manila is $98,728, with tax bills ranging significantly across the county. 72442 has the highest median home price at $98,728.
Property Tax Assessment Values Across Manila, Mississippi County, Arkansas
Source: Ownwell
$28,060
$119,774
$211,488
Median Manila Market Value
$98,728
Median Mississippi County Market Value
$66,110
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Manila, Mississippi County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72442 | $27,290 | $56,865 | $98,728 | $167,774 | $232,168 |
Source: Ownwell
Property Tax Bills Across Manila, Mississippi County, Arkansas
In Manila, Arkansas, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Mississippi County experience a range of property tax bills, with the 25th percentile at $382 and the 75th percentile reaching $1,451. The 90th percentile tax bill climbs to $2,092, indicating a significant variance depending on property value and location. Compared to the national median property tax bill of $2,400, many homeowners in Manila may pay less, but the potential for higher bills remains.
Factors influencing these bills include the property's assessed value and the local tax rate. These elements can significantly impact a homeowner's financial obligations. Homeowners can potentially reduce their property tax bills by appealing their assessed value or seeking available exemptions. Ownwell specializes in helping homeowners navigate this process, providing expert guidance to identify savings opportunities. By leveraging Ownwell's services, homeowners can ensure their property tax bills are fair and potentially save money, easing their financial burden.
Median Manila Tax Bill
$787
Median Mississippi County Tax Bill
$527
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Manila, Mississippi County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72442 | $178 | $382 | $787 | $1,451 | $2,092 |
Source: Ownwell