Omaha, Carroll County, Arkansas Property Taxes
Median Omaha, Arkansas effective property tax rate: 0.63%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Omaha, Arkansas home value: $102,200
Median annual Omaha, Arkansas tax bill: $435, $1,965 lower than the national median property tax bill of $2,400.
How are property taxes in Carroll calculated?
Property taxes in Omaha, Arkansas 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 Omaha’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Omaha, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Omaha, Carroll County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.63%
Estimate Property Tax Bill
$644
$597
Property Tax Rates Across Omaha, Carroll County, Arkansas
Local government entities in Arkansas, like those in other states, set property tax rates that can vary significantly. Each year, counties estimate their budgets to provide essential services and divide this by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. Although the process involves votes and legislation, this is essentially how it works annually.
In Omaha, located in Boone County, Arkansas, the effective property tax rate is notably lower than the national median of 1.02%. This makes Omaha an attractive location for homeowners seeking lower property tax burdens. When compared to other cities within Arkansas, Omaha's rate is competitive, offering potential savings for residents. The median property tax rate in Arkansas is also lower than the national median, further emphasizing the state's appeal to property owners.
By understanding the dynamics of property tax rates in Omaha and across Arkansas, homeowners can make informed decisions about where to live and invest. This knowledge is crucial for those looking to minimize their tax liabilities while enjoying the benefits of living in a community with a lower property tax rate.
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 Omaha Tax Rate
0.63%
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 Omaha, Carroll County, Arkansas
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
72662 | 0.12% | 0.27% | 0.63% | 0.78% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Omaha, Carroll County, Arkansas
When examining property taxes in Omaha, 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 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 Carroll 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 Omaha. For example, the median home price in Omaha is $102,200, with tax bills ranging significantly across the county. Zip code 72662 has the highest median home price at $102,200.
Property Tax Assessment Values Across Omaha, Carroll County, Arkansas
Source: Ownwell
$72,450
$154,063
$235,675
Median Omaha Market Value
$102,200
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 Omaha, Carroll County, Arkansas
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
72662 | $21,110 | $37,888 | $102,200 | $153,775 | $191,990 |
Source: Ownwell
Property Tax Bills Across Omaha, Carroll County, Arkansas
Median Omaha Tax Bill
$435
Median Carroll County Tax Bill
$850
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Omaha, Carroll County, Arkansas
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
72662 | $85 | $227 | $435 | $956 | $1,499 |
Source: Ownwell