Fairfield Bay, Cleburne County, Arkansas Property Taxes
Property Taxes in Fairfield Bay, Arkansas
Median Fairfield Bay, Arkansas effective property tax rate: 0.66%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median Fairfield Bay, Arkansas home value: $269,310
Median annual Fairfield Bay, Arkansas tax bill: $1,772, lower than the national median property tax bill of $2,400.
How are property taxes in Cleburne calculated?
Property taxes in Fairfield Bay, Arkansas 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 Fairfield Bay's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fairfield Bay, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Fairfield Bay, Cleburne County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.66%
Estimate Property Tax Bill
$1,777
$1,649
How Does the Fairfield Bay Property Tax Calculator Work?
Use this Fairfield Bay property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Fairfield Bay's median effective tax rate of 0.66% — based on actual property records in Cleburne County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Fairfield Bay's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Fairfield Bay: rates range from 0.66% in 72088 to 0.66% in 72088, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Fairfield Bay.
About Fairfield Bay Property Taxes
About Property Taxes in Fairfield Bay, Cleburne, Arkansas
Fairfield Bay’s median effective property tax rate of 0.66% is lower than the Arkansas state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Cleburne County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Fairfield Bay. Homeowners in the 72088 ZIP code carry a median effective rate of 0.66%, while those in the same ZIP code also pay 0.66%. This reflects how school district boundaries and local assessment districts are drawn across Cleburne County. Understanding which part of Fairfield Bay you live in can make a meaningful difference to your annual tax bill.
Fairfield Bay homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the August 17, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Fairfield Bay, Cleburne County, Arkansas
As noted earlier, 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 Fairfield Bay's effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.
Our median effective property tax rate (tax bill Ă· 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 Fairfield Bay Tax Rate
0.66%
Our median effective property tax rate (tax bill Ă· 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 Cleburne County Tax Rate
0.71%
Median Effective Arkansas Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Fairfield Bay, Cleburne County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72088 | 0.31% | 0.45% | 0.66% | 0.87% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Fairfield Bay, Cleburne County, Arkansas
When examining property taxes in Fairfield Bay, 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.
Assessment notices:
In Cleburne County, assessment notices are sent in July each year. They'll typically reach your mailbox by the middle of July.
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 Fairfield Bay.
For example, the median home price in Fairfield Bay is $269,310, with tax bills ranging significantly across the county. 72088 has the highest median home price at $269,310.
Property Tax Assessment Values Across Fairfield Bay, Cleburne County, Arkansas
Source: Ownwell
$72,125
$170,718
$269,310
Median Fairfield Bay Market Value
$269,310
Median Cleburne County Market Value
$130,065
Median Arkansas Market Value
$118,750
Median United States Market Value
$235,294
Property Tax Assessment Values Across Fairfield Bay, Cleburne County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72088 | $141,677 | $172,236 | $269,310 | $490,818 | $603,060 |
Source: Ownwell
Property Tax Bills Across Fairfield Bay, Cleburne County, Arkansas
Property tax bills in Fairfield Bay are determined by the assessed value of a home and the local tax rate applied to that value. For homeowners, this means the market value of the property is a key starting point, since a higher assessed value can lead to a larger bill. In Cleburne County, the median home price is $269,310, and the median property tax bill is $1,772, which is below the national median property tax bill of $2,400.
Several factors can affect what a homeowner pays, including the property’s assessed value and the tax rates set by local taxing authorities. Bills can vary widely across homes in the city, with the 25th percentile at $1,020 and the 75th percentile at $3,261. At the high end, the 90th percentile reaches $4,461.
Because property taxes are tied to value, changes in the market can directly affect homeowners’ annual bills.
Median Fairfield Bay Tax Bill
$1,772
Median Cleburne County Tax Bill
$775
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Fairfield Bay, Cleburne County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72088 | $549 | $1,020 | $1,772 | $3,261 | $4,461 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 17 |
Links | |
|---|---|
| Cleburne Tax Assessor | |
| Website | cleburne.capturecama.com |