Searcy County Property Taxes
The median property tax rate in Searcy County is 0.76%, which is lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With a median home value of $53,950, the typical annual property tax bill in Searcy County is $434, significantly below the national median of $2,690. Property taxes in Searcy County are calculated based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Searcy County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you live in Marshall or another part of Searcy County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Searcy County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$410
$380
Ownwell’s Searcy County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Searcy County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Searcy 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 Searcy County, Arkansas
Property taxes in Searcy County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Searcy County is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Searcy County set these rates annually, and they can vary significantly between different areas within the county. Each year, Searcy 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 Searcy County's effective property tax rate with other areas in Arkansas and the national median. For comparison, the city of Dennard has one of the higher property tax rates in Arkansas at 0.95%, while the city of Alco boasts one of the lowest at 0.68%. Analyzing how Searcy County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Searcy County Tax Rate
0.76%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Searcy County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alco | 0.57% | 0.65% | 0.68% | 0.82% | 0.89% |
| Big Flat | 0.80% | 0.80% | 0.87% | 0.95% | 0.95% |
| Dennard | 0.74% | 0.80% | 0.95% | 0.95% | 0.95% |
| Everton | 0.54% | 0.64% | 0.73% | 0.84% | 0.95% |
| Gilbert | 0.64% | 0.71% | 0.76% | 0.87% | 0.99% |
| Harriet | N/A | N/A | N/A | N/A | N/A |
| Hector | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% |
| Leslie | 0.60% | 0.70% | 0.78% | 0.91% | 0.95% |
| Marshall | 0.61% | 0.70% | 0.76% | 0.86% | 0.95% |
| Pindall | N/A | N/A | N/A | N/A | N/A |
| Saint Joe | 0.56% | 0.65% | 0.73% | 0.88% | 0.95% |
| Tilly | 0.66% | 0.75% | 0.81% | 0.88% | 0.94% |
| Timbo | N/A | N/A | N/A | N/A | N/A |
| Western Grove | 0.52% | 0.63% | 0.70% | 0.79% | 0.95% |
| Witts Springs | 0.53% | 0.65% | 0.75% | 0.83% | 0.95% |
| Yellville | 0.67% | 0.70% | 0.75% | 0.82% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Searcy County, Arkansas
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Searcy County, Arkansas. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering factors like location, property condition, and current economic trends. For tax purposes, this value is estimated by the Searcy 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 Searcy 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, Gilbert has the highest median tax bill at $910, while Alco has the lowest at $314. Being aware of these valuation processes in Searcy County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Searcy County Assessed Value
$53,950
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Searcy County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alco | $7,890 | $21,700 | $45,125 | $65,712 | $97,240 |
| Big Flat | $66,085 | $68,988 | $77,000 | $90,788 | $104,085 |
| Dennard | $6,350 | $24,825 | $70,950 | $103,775 | $112,960 |
| Everton | $7,580 | $22,750 | $56,550 | $105,000 | $164,640 |
| Gilbert | $46,075 | $88,488 | $122,750 | $203,338 | $267,750 |
| Harriet | N/A | N/A | N/A | N/A | N/A |
| Hector | $47,950 | $47,950 | $47,950 | $47,950 | $47,950 |
| Leslie | $8,790 | $28,050 | $49,350 | $82,450 | $137,020 |
| Marshall | $8,600 | $29,175 | $59,575 | $97,388 | $152,070 |
| Pindall | N/A | N/A | N/A | N/A | N/A |
| Saint Joe | $3,000 | $25,700 | $54,700 | $95,350 | $152,670 |
| Tilly | $8,670 | $32,375 | $67,800 | $102,175 | $163,070 |
| Timbo | N/A | N/A | N/A | N/A | N/A |
| Western Grove | $14,515 | $31,888 | $78,800 | $110,700 | $132,875 |
| Witts Springs | $8,480 | $24,475 | $41,900 | $82,025 | $119,970 |
| Yellville | $38,020 | $41,200 | $46,500 | $74,550 | $91,380 |
Source: Ownwell
Property Tax Bills Across Searcy County, Arkansas
In Searcy County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county's median home price is $53,950. Property taxes are determined by multiplying the assessed value by the local tax rate. For instance, homeowners in Searcy County can expect a tax bill ranging from $230 at the 25th percentile to $1,177 at the 90th percentile. Factors influencing the tax bill include the property's location, size, and any applicable exemptions. For example, Gilbert has the highest median tax bill at $910, while Alco has the lowest at $314. These variations can significantly impact homeowners, making it essential to understand how local assessments and tax rates affect their annual obligations. Compared to the national median property tax rate of 0.99%, Searcy County's tax rates reflect regional economic conditions and property values, influencing the overall affordability for residents.
Average Searcy County Tax Bill
$434
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Searcy County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alco | $59 | $120 | $314 | $464 | $723 |
| Big Flat | $576 | $598 | $637 | $767 | $951 |
| Dennard | $58 | $176 | $675 | $908 | $1,074 |
| Everton | $116 | $197 | $424 | $807 | $1,390 |
| Gilbert | $440 | $618 | $910 | $1,494 | $1,875 |
| Harriet | N/A | N/A | N/A | N/A | N/A |
| Hector | $407 | $407 | $407 | $407 | $407 |
| Leslie | $129 | $234 | $410 | $671 | $1,070 |
| Marshall | $124 | $258 | $476 | $774 | $1,221 |
| Pindall | N/A | N/A | N/A | N/A | N/A |
| Saint Joe | $120 | $229 | $421 | $773 | $1,194 |
| Tilly | $121 | $346 | $490 | $896 | $1,441 |
| Timbo | N/A | N/A | N/A | N/A | N/A |
| Western Grove | $178 | $245 | $522 | $757 | $976 |
| Witts Springs | $119 | $176 | $327 | $634 | $941 |
| Yellville | $297 | $341 | $414 | $540 | $615 |
Source: Ownwell