Mc Neil, Columbia County, Arkansas Property Taxes

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

Median MC NEIL, AR effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median MC NEIL, AR home value: $31,900
Median annual MC NEIL, AR tax bill: $254, $2,146 lower than the national median property tax bill of $2,400.

How are property taxes in Columbia calculated?

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

Last Updated March 1, 2025

Mc Neil, Columbia County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.75%

Estimate Property Tax Bill

$239

$222

Ownwell’s MC NEIL Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in MC NEIL with just two data points. By entering your property's estimated assessed value, our calculator applies MC NEIL’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 Mc Neil, Columbia County, Arkansas

Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each county estimates its required budget to provide essential 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, this is the annual process in a nutshell.

In MC NEIL, located in Columbia County, the effective property tax rate is 0.75%, aligning with both the highest and lowest median tax rates within the area. This rate is notably lower than the national median property tax rate of 1.02%. Consequently, property owners in MC NEIL benefit from a more favorable tax environment compared to the national landscape. When compared to other cities in Arkansas and the U.S. median, MC NEIL offers an appealing property tax climate, making it an attractive location for property owners seeking lower tax liabilities. This advantageous tax rate can contribute to more manageable property expenses and potentially enhance the overall appeal of owning property in Columbia County.

Property Tax Rates Across Mc Neil, 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 Mc Neil Tax Rate

0.75%

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 Mc Neil, Columbia County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
71752	0.60%	0.75%	0.75%	0.81%	0.81%

Source: Ownwell

Property Tax Assessment Values Across Mc Neil, Columbia County, Arkansas

When examining property taxes in MC NEIL, AR, 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. Assessment notices: Columbia County sends assessment notices 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 MC NEIL. For example, the median home price in MC NEIL is $31,900, with tax bills ranging significantly across the county. 71752 has the highest median home price at $31,900.

Property Tax Assessment Values Across Mc Neil, Columbia County, Arkansas

Source: Ownwell

$31,900

$46,300

$60,700

Median Mc Neil Market Value

$31,900

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 Mc Neil, Columbia County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
71752	$5,440	$17,450	$31,900	$61,700	$115,960

Source: Ownwell

Property Tax Bills Across Mc Neil, Columbia County, Arkansas

In MC NEIL, located in Columbia County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual property tax bill. With the national median property tax rate at 1.02%, MC NEIL offers a more affordable option for homeowners. The typical property tax bill here is significantly lower than the national median of $2,400, with the highest median tax bill recorded at $254. This affordability can be attributed to the median home price of $31,900 in the area. However, property taxes can still be a burden for some homeowners. That's where Ownwell steps in, offering property tax appeal and exemption services to help reduce tax liabilities. By analyzing property assessments and identifying potential discrepancies, Ownwell ensures homeowners only pay their fair share, potentially saving them hundreds of dollars annually.

Property Tax Bills Across Mc Neil, Columbia County, Arkansas

Source: Ownwell

$254

$360

$466

Median Mc Neil Tax Bill

$254

Median Columbia County Tax Bill

$400

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Mc Neil, Columbia County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
71752	$48	$142	$254	$443	$776

Source: Ownwell