Ouachita County, Arkansas Property Taxes
The median property tax rate in Ouachita County is 0.85%, which is slightly higher than the Arkansas state median of 0.84% but lower than the national median of 0.99%. With the median home value in Ouachita County at $39,000, the typical annual property tax bill is $254, significantly below the national median of $2,690. Property taxes in Ouachita County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Ouachita County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Camden or another part of Ouachita County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ouachita County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$332
$308
Ownwell’s Ouachita Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Ouachita with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Ouachita 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 Ouachita County, Arkansas
Property taxes in Ouachita County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Ouachita County is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Ouachita County set these rates annually, and they can vary significantly between different areas within the county. Each year, Ouachita 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 Ouachita County's effective property tax rate with other counties in Arkansas and the national median. For comparison, the city of East Camden has one of the higher property tax rates in Arkansas at 1.20%, while the city of Camden boasts one of the lowest at 0.85%. Analyzing how Ouachita County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Ouachita County Tax Rate
0.85%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ouachita County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bearden | N/A | N/A | N/A | N/A | N/A |
| Camden | 0.17% | 0.43% | 0.85% | 1.00% | 1.00% |
| Chidester | N/A | N/A | N/A | N/A | N/A |
| East Camden | N/A | N/A | N/A | N/A | N/A |
| Louann | N/A | N/A | N/A | N/A | N/A |
| Prescott | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% |
| Reader | N/A | N/A | N/A | N/A | N/A |
| Smackover | 0.26% | 0.62% | 0.99% | 0.99% | 0.99% |
| Sparkman | 0.16% | 0.47% | 0.87% | 1.08% | 1.08% |
| Stephens | N/A | N/A | N/A | N/A | N/A |
| Thornton | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Ouachita County, Arkansas
In Ouachita 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 Ouachita 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 Ouachita 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. For instance, homeowners in Smackover face the highest median tax bill at $493, while those in Thornton have the lowest at $248. Being aware of these valuation processes in Ouachita County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Ouachita County Assessed Value
$39,000
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ouachita County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bearden | N/A | N/A | N/A | N/A | N/A |
| Camden | $10,000 | $20,550 | $43,200 | $89,000 | $139,050 |
| Chidester | N/A | N/A | N/A | N/A | N/A |
| East Camden | N/A | N/A | N/A | N/A | N/A |
| Louann | N/A | N/A | N/A | N/A | N/A |
| Prescott | $1,795 | $5,575 | $15,050 | $24,662 | $26,005 |
| Reader | N/A | N/A | N/A | N/A | N/A |
| Smackover | $13,300 | $30,375 | $58,550 | $94,762 | $129,010 |
| Sparkman | $5,710 | $14,062 | $28,150 | $81,625 | $140,920 |
| Stephens | N/A | N/A | N/A | N/A | N/A |
| Thornton | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Ouachita County, Arkansas
In Ouachita County, AR, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in the county is $39,000. Homeowners can expect their tax bills to vary significantly depending on the assessed value and applicable tax rates. For example, the 25th percentile tax bill is $103, while the 75th percentile tax bill is $550, indicating a wide range of tax obligations. The highest median tax bill in the county is found in Smackover at $493, whereas Thornton has the lowest median tax bill at $248. These disparities highlight how different factors, including local tax rates and property values, influence the final tax bill. Homeowners in Ouachita County should be aware of these variations as they can significantly impact annual expenses. Compared to the national median property tax rate of 0.99%, Ouachita County offers relatively affordable property tax bills, making it an attractive option for budget-conscious homeowners.
Average Ouachita County Tax Bill
$254
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Ouachita County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bearden | N/A | N/A | N/A | N/A | N/A |
| Camden | $42 | $130 | $292 | $627 | $1,067 |
| Chidester | N/A | N/A | N/A | N/A | N/A |
| East Camden | N/A | N/A | N/A | N/A | N/A |
| Louann | N/A | N/A | N/A | N/A | N/A |
| Prescott | $12 | $16 | $38 | $67 | $146 |
| Reader | N/A | N/A | N/A | N/A | N/A |
| Smackover | $124 | $242 | $493 | $861 | $1,059 |
| Sparkman | $24 | $54 | $267 | $506 | $688 |
| Stephens | N/A | N/A | N/A | N/A | N/A |
| Thornton | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell