Lafe, Clay County, Arkansas Property Taxes

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

Median Lafe, AR effective property tax rate: 0.81%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Lafe, AR home value: $34,150
Median annual Lafe, AR tax bill: $291, $2,109 lower than the national median property tax bill of $2,400.

How are property taxes in Clay County calculated?

Property taxes in Lafe, 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 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 March 1, 2025

Lafe, Clay County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.81%

Estimate Property Tax Bill

$277

$257

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

Property Tax Rates Across Lafe, Clay County, Arkansas

Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each county estimates its required budget annually 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 Lafe, located in Clay County, Arkansas, the effective property tax rate is 0.81%. This rate is compared to the national median property tax rate of 1.02%, showing that Lafe's property tax rate is below the national average. The median property tax rate for Arkansas is also 0.81%, aligning with Lafe's rate. This consistency across the state suggests a stable property tax environment. However, it's important to note that property tax bills can vary based on assessed property values, even with a consistent rate. Understanding these rates can help property owners in Lafe and Clay County make informed decisions about property investments and financial planning.

Property Tax Rates Across Lafe, Clay County, Arkansas

Source: Ownwell

0.63%

0.78%

0.93%

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

0.81%

Median Effective Clay County Tax Rate

0.78%

Median Effective Arkansas Tax Rate

0.84%

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	0.68%	0.74%	0.81%	0.83%	0.97%

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.

In Clay 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 Lafe. For example, the median home price in Lafe is $34,150, with tax bills ranging significantly across the county. 72436 has the highest median home price at $34,150.

Property Tax Assessment Values Across Lafe, Clay County, Arkansas

Source: Ownwell

$16,575

$46,863

$77,150

Median Lafe Market Value

$34,150

Median Clay County Market Value

$59,500

Median Arkansas Market Value

$113,950

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	$4,040	$10,400	$34,150	$54,750	$71,910

Source: Ownwell

Property Tax Bills Across Lafe, Clay County, Arkansas

In Lafe, Arkansas, property tax bills are determined by assessing the property's value and applying the local tax rate. The assessed value is typically a percentage of the market value, and in Clay County, this process directly influences the tax bill homeowners receive. With a median home price of $34,150, the property tax bills can vary significantly. For instance, the 25th percentile tax bill is $108, while the 75th percentile reaches $399, and the 90th percentile can be as high as $637. Compared to the national median property tax bill of $2,400, Lafe's taxes are notably lower, providing some relief to homeowners. However, these taxes can still be a significant expense relative to home values in the area. Ownwell offers valuable assistance by identifying potential savings through property tax appeals and exemptions. By leveraging local expertise and understanding the nuances of property assessments, Ownwell helps homeowners reduce their property tax burdens, ensuring they only pay what is fair and equitable.

Property Tax Bills Across Lafe, Clay County, Arkansas

Source: Ownwell

$150

$340

$530

Median Lafe Tax Bill

$291

Median Clay County Tax Bill

$445

Median Arkansas Tax Bill

$877

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	$42	$108	$291	$399	$637

Source: Ownwell