Cleveland, Conway County, Arkansas Property Taxes

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

Median Cleveland, Arkansas effective property tax rate: 0.67%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Cleveland, Arkansas home value: $77,250
Median annual Cleveland, Arkansas tax bill: $437, $1,963 lower than the national median property tax bill of $2,400.

How are property taxes in Conway County calculated?

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

Last Updated March 1, 2025

Cleveland, Conway County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.67%

Estimate Property Tax Bill

$518

$480

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

Property Tax Rates Across Cleveland, Conway County, Arkansas

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services annually and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell. In Cleveland, Conway County, Arkansas, the effective property tax rate stands at 0.67%, which is significantly lower than the national median of 1.02%. This rate is consistent across Conway County, with Cleveland sharing the same tax rate as the highest and lowest rates within the county. Compared to the national median property tax bill of $2,400, property owners in Cleveland enjoy a more favorable tax situation. This lower tax burden can make Cleveland an attractive location for homeowners seeking affordability. However, it's essential to consider the overall property values and services provided when evaluating the benefits of lower property tax rates.

Property Tax Rates Across Cleveland, Conway County, Arkansas

Source: Ownwell

0.44%

0.57%

0.69%

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 Cleveland Tax Rate

0.67%

Median Effective Conway County Tax Rate

0.63%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cleveland, Conway County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72030	0.14%	0.33%	0.67%	0.90%	0.98%

Source: Ownwell

Property Tax Assessment Values Across Cleveland, Conway County, Arkansas

When examining property taxes in Cleveland, 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 Conway 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 Conway 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 Cleveland. For example, the median home price in Cleveland is $77,250, with tax bills ranging significantly across the county. Zip code 72030 has the highest median home price at $77,250.

Property Tax Assessment Values Across Cleveland, Conway County, Arkansas

Source: Ownwell

$58,550

$75,950

$93,350

Median Cleveland Market Value

$77,250

Median Conway County Market Value

$84,000

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cleveland, Conway County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72030	$19,375	$41,662	$77,250	$133,838	$194,700

Source: Ownwell

Property Tax Bills Across Cleveland, Conway County, Arkansas

In Cleveland, property tax bills are calculated based on the assessed value of a home, which is determined as a percentage of its market value. The median home price in this area is $77,250. Property tax rates are then applied to this assessed value to determine the tax bill. In Cleveland, the median property tax bill is notably lower than the national median of $2,400. Homeowners in this region experience a range of tax bills, with the 25th percentile at $193 and the 75th percentile at $908, highlighting the variability in tax obligations. This variability can significantly impact homeowners' finances. For those in Cleveland, Ownwell offers valuable services that can help reduce these costs. By appealing property tax assessments and identifying potential exemptions, Ownwell ensures homeowners pay only their fair share. This expert assistance can result in substantial savings, alleviating financial strain and allowing homeowners to allocate their resources more effectively.

Property Tax Bills Across Cleveland, Conway County, Arkansas

Source: Ownwell

$206

$420

$633

Median Cleveland Tax Bill

$437

Median Conway County Tax Bill

$532

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Cleveland, Conway County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72030	$75	$193	$437	$908	$1,502

Source: Ownwell