Piggott, Clay County, Arkansas Property Taxes

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

Median Piggott, 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 Piggott, AR home value: $77,150
Median annual Piggott, AR tax bill: $530, $1,870 lower than the national median property tax bill of $2,400.

How are property taxes in Clay County calculated?

Property taxes in Piggott, 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 Piggott’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Piggott, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Piggott, Clay County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.73%

Estimate Property Tax Bill

$563

$523

Ownwell’s Piggott Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Piggott with just two data points.

By entering your property's estimated assessed value, our calculator applies Piggott’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 Piggott, Clay County, Arkansas

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 Piggott’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.

Piggott, located in Clay County, has a median property tax rate of 0.73%, which is noticeably lower than the national median rate of 1.02%. This makes it an attractive option for homeowners looking to save on property taxes. Compared to the national median property tax bill of $2400, homeowners in Piggott benefit from lower annual tax expenses. This favorable tax environment can be particularly appealing for those considering relocating or investing in property in Arkansas. Understanding these rates can help property owners make informed financial decisions and potentially save money on their annual tax bills.

Property Tax Rates Across Piggott, 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 Piggott Tax Rate

0.73%

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 Piggott, Clay County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72454	0.50%	0.59%	0.73%	0.88%	1.01%

Source: Ownwell

Property Tax Assessment Values Across Piggott, Clay County, Arkansas

When examining property taxes in Piggott, 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 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 Clay 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 Piggott.

For example, the median home price in Piggott is $77,150, with tax bills ranging significantly across the county. The zip code 72454 has the highest median home price at $77,150.

Property Tax Assessment Values Across Piggott, Clay County, Arkansas

Source: Ownwell

$16,575

$46,863

$77,150

Median Piggott Market Value

$77,150

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 Piggott, Clay County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72454	$13,250	$39,700	$77,150	$135,450	$201,390

Source: Ownwell

Property Tax Bills Across Piggott, Clay County, Arkansas

In Piggott, located in Clay County, AR, property tax bills are calculated based on the assessed value of homes, which is a percentage of the market value. The median home price here is $77,150, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as local government budgets and school funding needs influence the rate, impacting what homeowners owe. For instance, the median property tax bill in Piggott is $530, significantly lower than the national median of $2,400. However, even within Piggott, tax bills can vary widely, with the 25th percentile at $306 and the 90th percentile reaching $1,486. This variability can make it challenging for homeowners to predict their expenses. Ownwell assists homeowners by reviewing their property assessments to ensure accuracy and identifying potential exemptions or errors. By appealing over-assessed values, Ownwell can help reduce property tax bills, ensuring homeowners pay only their fair share.

Property Tax Bills Across Piggott, Clay County, Arkansas

Source: Ownwell

$150

$340

$530

Median Piggott Tax Bill

$530

Median Clay County Tax Bill

$445

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Piggott, Clay County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72454	$150	$306	$530	$938	$1,486

Source: Ownwell