Lafe, Clay County, Arkansas Property Taxes
Property Taxes in Lafe, Arkansas
Median Lafe, Arkansas effective property tax rate: 0.82%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median Lafe, Arkansas home value: $31,950
Median annual Lafe, Arkansas tax bill: $134, $2,266 lower than the national median property tax bill of $2,400.
How are property taxes in Clay calculated?
Property taxes in Lafe, 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 Lafe's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lafe, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Lafe, Clay County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.82%
Estimate Property Tax Bill
$262
$243
How Does the Lafe Property Tax Calculator Work?
Use this Lafe property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Lafe's median effective tax rate of 0.82% — based on actual property records in Clay County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Lafe's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Lafe: rates range from 0.82% to 0.82%, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Lafe.
About Lafe Property Taxes
About Property Taxes in Lafe, Clay, Arkansas
Lafe’s median effective property tax rate of 0.82% is lower than the Arkansas state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Clay County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Lafe. Homeowners in one part of the city can face different assessed tax burdens depending on school district boundaries and local assessment districts across Clay County. Understanding where you live in Lafe can make a meaningful difference to your annual tax bill.
Lafe homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before August 17, 2026.
If your estimated bill seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Lafe, Clay 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 Lafe's effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.
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 Lafe Tax Rate
0.82%
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 Clay County Tax Rate
0.68%
Median Effective Arkansas Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lafe, Clay County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72436 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Lafe, Clay County, Arkansas
When examining property taxes in Lafe, 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 Clay 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 Clay County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 Lafe.
For example, the median home price in Lafe is $31,950, with tax bills ranging significantly across the county. The median tax bill is $134, compared with the national median property tax bill of $2,400. The 25th percentile tax bill is $44, the 75th percentile is $356, and the 90th percentile is $600.
Property Tax Assessment Values Across Lafe, Clay County, Arkansas
Source: Ownwell
$18,865
$45,558
$72,250
Median Lafe Market Value
$31,950
Median Clay County Market Value
$56,025
Median Arkansas Market Value
$118,750
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lafe, Clay County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72436 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Lafe, Clay County, Arkansas
How are property tax bills calculated in Lafe?
Property tax bills in Lafe are based on the assessed value of a home and the local tax rate set by taxing authorities. The assessed value is used to determine how much tax a homeowner owes, and that amount can change if the home’s value changes or if local rates are adjusted. Factors such as property characteristics, location, and any applicable exemptions can also affect the final bill.
For homeowners, this means a lower-valued home may have a smaller tax bill, while a higher assessed value can lead to a larger one. In Lafe, the median home price is $31,950, and property tax bills vary widely across households. The 25th percentile tax bill is $44, the 75th percentile is $356, and the 90th percentile reaches $600. Compared with the national median property tax bill of $2,400 and national median rate of 1.02%, Lafe homeowners often face much lower property tax costs.
Median Lafe Tax Bill
$134
Median Clay County Tax Bill
$285
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Lafe, Clay County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72436 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 17 |
Links | |
|---|---|
| Clay Tax Assessor | |
| Website | www.arcountydata.com |