Lakeview, Baxter County, Arkansas Property Taxes

Name: Property Tax Bills Across Lakeview, Baxter County, Arkansas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Lakeview, AR effective property tax rate: 0.64%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Lakeview, AR home value: $148,000.
Median annual Lakeview, AR tax bill: $912, $1,488 lower than the national median property tax bill of $2,400.

How are property taxes in Baxter County calculated?

Property taxes in Lakeview, 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 Lakeview’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lakeview, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lakeview, Baxter County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.44%

Estimate Property Tax Bill

$648

$601

Ownwell’s Lakeview Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lakeview with just two data points. By entering your property's estimated assessed value, our calculator applies Lakeview’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 Baxter County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lakeview, Baxter County, Arkansas

As noted earlier, local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county 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. Below, you can compare Lakeview’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S. In Lakeview, located in Baxter County, the property tax rate is notably lower than the national median of 1.02%. This can be a significant advantage for homeowners looking to save on annual property expenses. While Arkansas's property taxes might not be the lowest in the country, Lakeview offers a more affordable option compared to many other areas. Understanding these rates can help potential buyers and current homeowners make informed decisions about their investments.

Property Tax Rates Across Lakeview, Baxter County, Arkansas

Source: Ownwell

0.49%

0.75%

1.02%

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 Lakeview Tax Rate

0.44%

Median Effective Baxter County Tax Rate

0.51%

Median Effective Arkansas Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lakeview, Baxter County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72642	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Lakeview, Baxter County, Arkansas

When examining property taxes in Lakeview, 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 Baxter County Appraisal District 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.

Assessment notices: In Baxter County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Lakeview.

For example, the median home price in Lakeview is $148,000, with tax bills ranging significantly across the county. 72642 has the highest median home price at $148,000.

Property Tax Assessment Values Across Lakeview, Baxter County, Arkansas

Source: Ownwell

$67,500

$106,650

$145,800

Median Lakeview Market Value

$147,300

Median Baxter County Market Value

$138,550

Median Arkansas Market Value

$118,750

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lakeview, Baxter County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72642	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Lakeview, Baxter County, Arkansas

In Lakeview, Baxter County, AR, property taxes are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Lakeview is $148,000, with property tax bills ranging from the 25th percentile at $588 to the 90th percentile at $1,809. The highest and lowest median tax bill both stand at $912, highlighting a consistent tax landscape across different neighborhoods within the 72642 zip code. Compared to the national median property tax bill of $2,400, Lakeview's property taxes are relatively lower, offering some financial relief to homeowners. However, homeowners can still benefit from ensuring their property is assessed fairly. Ownwell provides expert property tax appeal services that can help homeowners ensure their tax bills are accurate and not overestimated. By analyzing market trends and comparable properties, Ownwell can identify potential savings and guide homeowners through the appeal process, ultimately helping to reduce their property tax burden.

Property Tax Bills Across Lakeview, Baxter County, Arkansas

Source: Ownwell

$487

$677

$867

Median Lakeview Tax Bill

$667

Median Baxter County Tax Bill

$656

Median Arkansas Tax Bill

$870

Median United States Tax Bill

$2,400

Property Tax Bills Across Lakeview, Baxter County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72642	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	August 17

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