Phillips County Property Taxes
The median property tax rate in Phillips County is 0.97%, which is just below the national median of 0.99% but higher than the Arkansas state median of 0.84%. With the median home value in Phillips County at $31,950, the typical annual property tax bill amounts to $283, significantly lower than the national median of $2,690. Property taxes in Phillips County are calculated based on the tax assessed value, which usually falls below the actual market value due to various property tax exemptions, such as the primary residence and agricultural exemptions. Understanding Phillips 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 Helena or another part of Phillips County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Phillips County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$310
$288
Ownwell’s Phillips County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Phillips County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Phillips 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 Phillips County, Arkansas
Property taxes in Phillips County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Phillips County is 0.97%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Phillips County set these rates annually, and they can vary significantly between different areas within the county. Each year, Phillips 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 Phillips County's effective property tax rate with other counties in Arkansas and the national median. For comparison, the city of West Helena has one of the higher property tax rates in Arkansas at 1.21%, while the city of Lexa boasts one of the lowest at 0.79%. Analyzing how Phillips County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Phillips County Tax Rate
0.97%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Phillips County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barton | 0.36% | 0.38% | 0.40% | 0.42% | 0.43% |
| Crumrod | 0.87% | 0.87% | 0.87% | 0.87% | 0.87% |
| Elaine | 0.20% | 0.40% | 0.87% | 0.97% | 0.97% |
| Helena | 0.44% | 0.80% | 1.21% | 1.21% | 1.21% |
| Holly Grove | 0.38% | 0.57% | 0.87% | 0.87% | 0.87% |
| Lambrook | 0.14% | 0.14% | 0.14% | 0.14% | 0.14% |
| Lexa | 0.22% | 0.45% | 0.79% | 1.04% | 1.09% |
| Marvell | 0.20% | 0.41% | 0.87% | 0.97% | 0.97% |
| Mellwood | N/A | N/A | N/A | N/A | N/A |
| Poplar Grove | 0.25% | 0.45% | 0.87% | 0.87% | 1.04% |
| Turner | N/A | N/A | N/A | N/A | N/A |
| West Helena | 0.23% | 0.61% | 1.21% | 1.21% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Phillips County, Arkansas
In Phillips 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 Phillips 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 Phillips 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. The median home price in Phillips County is $31,950. Crumrod has the highest median tax bill at $888, while Lambrook has the lowest at $207. Being aware of these valuation processes in Phillips County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Phillips County, Arkansas
Source: Ownwell
$27,675
$86,913
$146,150
Average Phillips County Assessed Value
$31,950
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Phillips County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barton | $71,265 | $72,338 | $74,125 | $75,912 | $76,985 |
| Crumrod | $101,550 | $101,550 | $101,550 | $101,550 | $101,550 |
| Elaine | $8,640 | $17,700 | $33,750 | $63,225 | $112,140 |
| Helena | $6,000 | $10,562 | $34,150 | $90,225 | $146,050 |
| Holly Grove | $8,400 | $18,300 | $33,650 | $54,500 | $83,240 |
| Lambrook | $146,150 | $146,150 | $146,150 | $146,150 | $146,150 |
| Lexa | $9,150 | $22,250 | $46,150 | $99,850 | $165,675 |
| Marvell | $11,720 | $19,750 | $34,650 | $65,550 | $111,610 |
| Mellwood | N/A | N/A | N/A | N/A | N/A |
| Poplar Grove | $14,310 | $24,500 | $39,450 | $82,450 | $162,930 |
| Turner | N/A | N/A | N/A | N/A | N/A |
| West Helena | $6,335 | $14,050 | $27,675 | $44,562 | $68,765 |
Source: Ownwell
Property Tax Bills Across Phillips County, Arkansas
In Phillips County, AR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value typically represents a percentage of the market value of the property. Several factors influence the tax bill, including the home's location, size, and any applicable exemptions. For homeowners in Phillips County, the median home price is $31,950. Tax bills can vary significantly, with the 25th percentile tax bill at $122 and the 75th percentile reaching $604. The 90th percentile tax bill can go up to $1,139. The highest median tax bill in the county is in Crumrod at $888, while Lambrook has the lowest median tax bill at $207. These property taxes fund essential services such as public schools, infrastructure, and emergency services. For homeowners, understanding how these factors impact their property tax bills is crucial for financial planning and managing homeownership costs effectively.
Average Phillips County Tax Bill
$283
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Phillips County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barton | $279 | $284 | $293 | $302 | $308 |
| Crumrod | $888 | $888 | $888 | $888 | $888 |
| Elaine | $41 | $105 | $260 | $610 | $1,157 |
| Helena | $67 | $123 | $408 | $944 | $1,636 |
| Holly Grove | $67 | $106 | $279 | $420 | $915 |
| Lambrook | $207 | $207 | $207 | $207 | $207 |
| Lexa | $65 | $182 | $437 | $871 | $1,505 |
| Marvell | $64 | $137 | $278 | $493 | $792 |
| Mellwood | N/A | N/A | N/A | N/A | N/A |
| Poplar Grove | $85 | $196 | $335 | $812 | $1,537 |
| Turner | N/A | N/A | N/A | N/A | N/A |
| West Helena | $53 | $107 | $240 | $431 | $662 |
Source: Ownwell
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