Drasco, Cleburne County, Arkansas Property Taxes

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

Median Drasco, AR effective property tax rate: 0.65%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Drasco, AR home value: $106,555
Median annual Drasco, AR tax bill: $561, $1,839 lower than the national median property tax bill of $2,400.

How are property taxes in Cleburne County calculated?

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

Last Updated March 1, 2025

Drasco, Cleburne County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.65%

Estimate Property Tax Bill

$693

$643

Ownwell’s Drasco Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Drasco with just two data points. By entering your property's estimated assessed value, our calculator applies Drasco’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 Cleburne County. With a median property tax bill of $561, Drasco's property taxes are significantly lower than the national median of $2,400, making it an attractive location for those seeking affordable property tax rates.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Drasco, Cleburne County, Arkansas

Local government entities determine tax rates, which can vary significantly within a state. This variation occurs because each county annually 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 votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Drasco, located in Cleburne County, Arkansas, the effective property tax rate is 0.65%. This rate is notably lower than the national median property tax rate of 1.02%. The median property tax bill in this area also tends to be lower than the national figure of $2,400, reflecting the lower tax rate. Compared to other cities in Arkansas, Drasco's tax rate is relatively consistent, as the highest and lowest median tax rates in the region also stand at 0.65%. This consistency offers a level of predictability for property owners in Drasco, making it an attractive option for those seeking lower property tax obligations.

Property Tax Rates Across Drasco, Cleburne County, Arkansas

Source: Ownwell

0.51%

0.64%

0.76%

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 Drasco Tax Rate

0.65%

Median Effective Cleburne County Tax Rate

0.67%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Drasco, Cleburne County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72530	0.17%	0.43%	0.65%	0.76%	0.78%

Source: Ownwell

Property Tax Assessment Values Across Drasco, Cleburne County, Arkansas

When examining property taxes in Drasco, 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 Cleburne 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 Cleburne 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 Drasco. For example, the median home price in Drasco is $106,555, with tax bills ranging significantly across the county. Zip code 72530 has the highest median home price at $106,555.

Property Tax Assessment Values Across Drasco, Cleburne County, Arkansas

Source: Ownwell

$58,295

$159,485

$260,675

Median Drasco Market Value

$106,555

Median Cleburne County Market Value

$128,200

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Drasco, Cleburne County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72530	$17,223	$42,600	$106,555	$234,552	$412,682

Source: Ownwell

Property Tax Bills Across Drasco, Cleburne County, Arkansas

In Drasco, located in Cleburne County, Arkansas, property tax bills are determined based on the assessed value of a home, which is typically a percentage of the property's market value. The median home price in this area is $106,555. Unlike many regions, Drasco's property tax rate is generally lower than the national median rate of 1.02%, resulting in a more manageable tax bill for homeowners. For instance, while the national median property tax bill is $2,400, Drasco's median bill is significantly lower, with the 25th percentile at $191 and the 75th percentile at $1,428. Factors such as property size, location, and improvements can influence the assessed value and, consequently, the tax bill. Homeowners in Drasco can benefit from appealing their property tax assessments, potentially lowering their tax obligations. Ownwell offers expert property tax appeal services, helping homeowners navigate the process and identify opportunities for savings. By leveraging our expertise, homeowners can ensure they are not overpaying on their property taxes, ultimately keeping more money in their pockets.

Property Tax Bills Across Drasco, Cleburne County, Arkansas

Source: Ownwell

$200

$879

$1,558

Median Drasco Tax Bill

$561

Median Cleburne County Tax Bill

$753

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Drasco, Cleburne County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72530	$67	$191	$561	$1,428	$2,835

Source: Ownwell