Peach Orchard, Clay County, Arkansas Property Taxes

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

Median Peach Orchard, AR effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%. Median Peach Orchard, AR home value: $40,800. Median annual Peach Orchard, AR tax bill: $339, $2,061 lower than the national median property tax bill of $2,400. How are property taxes in Clay County calculated? Property taxes in Peach Orchard, 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 Peach Orchard’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Peach Orchard, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Peach Orchard, Clay County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.83%

Estimate Property Tax Bill

$339

$314

Ownwell’s Peach Orchard Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Peach Orchard with just two data points. By entering your property's estimated assessed value, our calculator applies Peach Orchard’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 Peach Orchard, Clay County, Arkansas

Local government entities set tax rates, which can vary widely within a state. 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 Peach Orchard’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.

Property Tax Rates Across Peach Orchard, 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 Peach Orchard Tax Rate

0.83%

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 Peach Orchard, Clay County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72453	0.55%	0.65%	0.83%	0.97%	1.05%
72435	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Peach Orchard, Clay County, Arkansas

When examining property taxes in Peach Orchard, 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 Peach Orchard. For example, the median home price in Peach Orchard is $40,800, with tax bills ranging significantly across the county. Zip code 72453 has the highest median home price at $40,400.

Property Tax Assessment Values Across Peach Orchard, Clay County, Arkansas

Source: Ownwell

$16,575

$46,863

$77,150

Median Peach Orchard Market Value

$40,800

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 Peach Orchard, Clay County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72453	$4,775	$15,488	$40,400	$76,188	$141,160
72435	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Peach Orchard, Clay County, Arkansas

In Peach Orchard, located in Clay County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. With a median home price of $40,800, homeowners often face property tax bills that range significantly. The 25th percentile tax bill is $165, while the 75th percentile reaches $556, and the 90th percentile can be as high as $986. The median property tax bill in the area is $340, which is notably lower than the national median of $2,400. This discrepancy highlights the relatively lower tax burden for homeowners in this region compared to the national average. However, even with lower tax bills, homeowners can benefit from ensuring their assessments are accurate. Ownwell offers valuable services to help homeowners appeal their property tax assessments and secure exemptions, potentially reducing their tax bills further. By leveraging Ownwell's expertise, homeowners in Peach Orchard can ensure they are not overpaying and are taking advantage of all available savings.

Property Tax Bills Across Peach Orchard, Clay County, Arkansas

Source: Ownwell

$150

$340

$530

Median Peach Orchard Tax Bill

$339

Median Clay County Tax Bill

$445

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Peach Orchard, Clay County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72453	$57	$163	$340	$566	$1,001
72435	N/A	N/A	N/A	N/A	N/A

Source: Ownwell