Oak Grove, Carroll County, Arkansas Property Taxes
Median OAK GROVE, AR effective property tax rate: 0.73%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median OAK GROVE, AR home value: $72,450
Median annual OAK GROVE, AR tax bill: $467, $1,933 lower than the national median property tax bill of $2,400.
How are property taxes in Carroll calculated?
Property taxes in OAK GROVE, 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 OAK GROVE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in OAK GROVE, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Oak Grove, Carroll County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.73%
Estimate Property Tax Bill
$529
$491
Property Tax Rates Across Oak Grove, Carroll County, Arkansas
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 Oak Grove Tax Rate
0.73%
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 Carroll County Tax Rate
0.66%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Oak Grove, Carroll County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72660 | 0.15% | 0.40% | 0.73% | 0.97% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Oak Grove, Carroll County, Arkansas
When examining property taxes in Oak Grove, 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 Carroll 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.
In Carroll 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 Oak Grove. For example, the median home price in Oak Grove is $72,450, with tax bills ranging significantly across the county. Zip code 72660 has the highest median home price at $72,450.
Property Tax Assessment Values Across Oak Grove, Carroll County, Arkansas
Source: Ownwell
$72,450
$154,063
$235,675
Median Oak Grove Market Value
$72,450
Median Carroll County Market Value
$140,725
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Oak Grove, Carroll County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72660 | $22,090 | $36,850 | $72,450 | $122,600 | $227,400 |
Source: Ownwell
Property Tax Bills Across Oak Grove, Carroll County, Arkansas
In Oak Grove, Carroll County, AR, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Oak Grove is $72,450, which influences the assessed value and ultimately, the property tax bill. Homeowners in this area experience a range of tax bills, with the 25th percentile paying around $216 and the 75th percentile paying approximately $832. The highest median tax bill in the region is $467.00. These figures are notably lower than the national median property tax bill of $2,400, reflecting the relatively lower property values and tax rates in the area.
For homeowners looking to reduce their property tax bills, Ownwell offers valuable services. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their property is assessed accurately, potentially lowering their tax obligations. This assistance is crucial, as it can lead to significant savings, allowing homeowners to better manage their expenses. Through personalized support, Ownwell empowers homeowners to navigate the complexities of property taxation with greater confidence.
Median Oak Grove Tax Bill
$467
Median Carroll County Tax Bill
$850
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Oak Grove, Carroll County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72660 | $94 | $216 | $467 | $832 | $1,415 |
Source: Ownwell