Magnolia, Columbia County, Arkansas Property Taxes

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

Median Magnolia, AR effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Magnolia, AR home value: $60,700
Median annual Magnolia, AR tax bill: $466, $1,934 lower than the national median property tax bill of $2,400.

How are property taxes in Columbia County calculated?

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

Last Updated March 1, 2025

Magnolia, Columbia County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.76%

Estimate Property Tax Bill

$461

$428

Ownwell’s Magnolia Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Magnolia with just two data points. By entering your property's estimated assessed value, our calculator applies Magnolia’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 Columbia County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Magnolia, Columbia County, Arkansas

Local government entities are responsible for setting tax rates, which can vary widely within a state. The reason for this variation is that each county annually estimates its required budget to provide services and then divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is essentially the annual process.

In Magnolia, located in Columbia County, the effective property tax rate is a point of comparison for property owners. This rate can be contrasted with other cities in Arkansas, as well as with the median property tax rates in Arkansas and the U.S. Understanding these differences is crucial for property owners, as it affects their annual tax bills and overall financial planning. By knowing how Magnolia's rates stack up against state and national figures, property owners can make informed decisions about their investments and financial strategies.

Property Tax Rates Across Magnolia, Columbia County, Arkansas

Source: Ownwell

0.75%

0.83%

0.91%

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 Magnolia Tax Rate

0.76%

Median Effective Columbia County Tax Rate

0.78%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Magnolia, Columbia County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
71753	0.62%	0.75%	0.76%	0.79%	0.79%
71754	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Magnolia, Columbia County, Arkansas

When examining property taxes in Magnolia, 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 Columbia 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 Columbia 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 Magnolia. For example, the median home price in Magnolia is $60,700, with tax bills ranging significantly across the county. Zip code 71753 has the highest median home price at $60,700.

Property Tax Assessment Values Across Magnolia, Columbia County, Arkansas

Source: Ownwell

$31,900

$46,300

$60,700

Median Magnolia Market Value

$60,700

Median Columbia County Market Value

$50,700

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Magnolia, Columbia County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
71753	$9,900	$24,600	$60,700	$139,575	$213,800
71754	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Magnolia, Columbia County, Arkansas

In Magnolia, Columbia County, Arkansas, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the market value of the property. Homeowners in Magnolia experience a range of property tax bills, with the 25th percentile paying around $198 and the 75th percentile paying approximately $992. The highest median tax bill in the area is $466, which is significantly lower than the national median property tax bill of $2400. This lower tax burden can be beneficial for homeowners, but there is still potential for savings. Ownwell assists homeowners in reducing their property tax bills by identifying potential discrepancies in the assessed value and helping to file appeals. By ensuring that homeowners are not overpaying, Ownwell provides valuable support and peace of mind. With expert guidance, homeowners can potentially save money and ensure their property taxes are fair and accurate.

Property Tax Bills Across Magnolia, Columbia County, Arkansas

Source: Ownwell

$254

$360

$466

Median Magnolia Tax Bill

$466

Median Columbia County Tax Bill

$400

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Magnolia, Columbia County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
71753	$86	$198	$466	$991	$1,559
71754	N/A	N/A	N/A	N/A	N/A

Source: Ownwell