Crossett, Ashley County, Arkansas Property Taxes
Median Crossett, AR effective property tax rate: 0.62%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Crossett, AR home value: $60,850
Median annual Crossett, AR tax bill: $341, $2,059 lower than the national median property tax bill of $2,400.
How are property taxes in Ashley County calculated?
Property taxes in Crossett, 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 Crossett’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Crossett, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Crossett, Ashley County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.62%
Estimate Property Tax Bill
$377
$350
Property Tax Rates Across Crossett, Ashley County, Arkansas
Local government entities set tax rates, which can vary widely within a state. This variation is because 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.
In Crossett, located in Ashley County, Arkansas, the effective property tax rate stands at 0.62%, which aligns with both the highest and lowest rates within the area. When compared to the national median property tax rate of 1.02%, Crossett's rate is notably lower, offering potential savings for homeowners. Furthermore, the median property tax bill in the United States is $2,400, suggesting that residents in Crossett might benefit from relatively lower property tax bills.
Understanding these differences can help homeowners make informed decisions about property investments and financial planning. By appealing property taxes or seeking exemptions, residents can potentially reduce their financial burden, making Crossett an attractive option for those looking to optimize their property tax situation.
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 Crossett Tax Rate
0.62%
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 Ashley County Tax Rate
0.60%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Crossett, Ashley County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71635 | 0.12% | 0.31% | 0.62% | 0.86% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Crossett, Ashley County, Arkansas
When examining property taxes in Crossett, 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 Ashley 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 Ashley 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 Crossett. For example, the median home price in Crossett is $60,850, with tax bills ranging significantly across the county. Zip code 71635 has the highest median home price at $60,850.
Property Tax Assessment Values Across Crossett, Ashley County, Arkansas
Source: Ownwell
$27,350
$44,100
$60,850
Median Crossett Market Value
$60,850
Median Ashley County Market Value
$56,000
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Crossett, Ashley County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71635 | $15,400 | $32,800 | $60,850 | $113,950 | $165,250 |
Source: Ownwell
Property Tax Bills Across Crossett, Ashley County, Arkansas
Median Crossett Tax Bill
$341
Median Ashley County Tax Bill
$300
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Crossett, Ashley County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71635 | $53 | $155 | $341 | $635 | $1,106 |
Source: Ownwell