Rector, Clay County, Arkansas Property Taxes
Median Rector, AR effective property tax rate: 0.82%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Rector, AR home value: $57,750
Median annual Rector, AR tax bill: $461, $1,939 lower than the national median property tax bill of $2,400.
How are property taxes in Clay County calculated?
Property taxes in Rector, 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 Rector’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Rector, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Rector, 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
$474
$439
Property Tax Rates Across Rector, Clay County, Arkansas
Local government entities set tax rates, which can vary widely within a state. This variation arises because each county annually estimates the budget required to provide services and divides this amount by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While setting tax rates and budgets involves votes and laws, this is essentially the annual process.
In Rector, located in Clay County, Arkansas, the effective property tax rate stands at 0.82%, which is notably lower than the national median property tax rate of 1.02%. This positions Rector favorably compared to many regions across the United States. The median property tax rate in Arkansas is similarly 0.82%, reflecting a consistent approach across the state. When comparing Rector's property tax rate to other cities in Arkansas and the national median, it becomes evident that property owners in this area benefit from relatively lower property tax obligations. This can be an attractive factor for potential property buyers or investors considering the region, as it suggests a more affordable tax burden compared to national averages.
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 Rector 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
0.78%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Rector, Clay County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72461 | 0.55% | 0.68% | 0.82% | 0.97% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Rector, Clay County, Arkansas
When examining property taxes in Rector, 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 Rector. For example, the median home price in Rector is $57,750, with tax bills ranging significantly across the county. Zip code 72461 has the highest median home price at $57,750.
Property Tax Assessment Values Across Rector, Clay County, Arkansas
Source: Ownwell
$16,575
$46,863
$77,150
Median Rector Market Value
$57,750
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 Rector, Clay County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72461 | $7,915 | $29,888 | $57,750 | $90,162 | $140,940 |
Source: Ownwell
Property Tax Bills Across Rector, Clay County, Arkansas
In Rector, located in Clay County, Arkansas, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The property tax rate is applied to this assessed value to determine the tax bill. In Rector, the median tax bill stands at $461, which is significantly lower than the national median of $2,400. This lower tax bill can be attributed to the relatively modest median home price of $57,750. Homeowners in Rector face tax bills ranging from $264 at the 25th percentile to $1,068 at the 90th percentile, reflecting variations in home values and assessments.
Ownwell provides valuable assistance to homeowners by identifying potential savings on property tax bills through appeals and exemptions. Our team analyzes property assessments to ensure they are fair and accurately reflect market conditions. By leveraging our expertise, homeowners in Rector can potentially reduce their tax burden, ensuring they pay only what is necessary. With Ownwell, navigating the complexities of property taxes becomes a seamless process, offering peace of mind and financial relief.
Median Rector Tax Bill
$461
Median Clay County Tax Bill
$445
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Rector, Clay County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72461 | $98 | $264 | $461 | $680 | $1,068 |
Source: Ownwell