Oppelo, Conway County, Arkansas Property Taxes
Median Oppelo, AR effective property tax rate: 0.44%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Oppelo, AR home value: $93,350
Median annual Oppelo, AR tax bill: $446, $1,954 lower than the national median property tax bill of $2,400.
How are property taxes in Conway calculated?
Property taxes in Oppelo, 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 Oppelo’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Oppelo, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Oppelo, Conway County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.44%
Estimate Property Tax Bill
$411
$381
Property Tax Rates Across Oppelo, Conway County, Arkansas
Local government entities set tax rates, which can vary widely within a state. The process involves each county estimating its required budget to provide services and dividing 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.
In Oppelo, located in Conway County, Arkansas, the effective property tax rate is notably lower than both the state and national averages. The median property tax rate in Arkansas is significantly below the national median of 1.02%. This makes Arkansas an attractive option for property owners seeking lower tax burdens.
Despite the lower rates, the quality of services provided by local governments remains a priority, as they strive to efficiently manage budgets while meeting community needs. For property owners in Oppelo, understanding these dynamics can lead to more informed decisions regarding property investments and financial planning. Comparing Oppelo’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S. can provide valuable insights for potential and current homeowners.
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 Oppelo Tax Rate
0.44%
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 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 Oppelo, Conway County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72110 | 0.13% | 0.26% | 0.44% | 0.79% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Oppelo, Conway County, Arkansas
When examining property taxes in Oppelo, 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 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 Oppelo.
For example, the median home price in Oppelo is $93,350, with tax bills ranging significantly across the county. ZIP code 72110 has the highest median home price at $93,350.
Property Tax Assessment Values Across Oppelo, Conway County, Arkansas
Source: Ownwell
$58,550
$75,950
$93,350
Median Oppelo Market Value
$93,350
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 Oppelo, Conway County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72110 | $23,130 | $57,950 | $93,350 | $133,800 | $187,610 |
Source: Ownwell
Property Tax Bills Across Oppelo, Conway County, Arkansas
In Oppelo, located in Conway County, Arkansas, property tax bills are calculated based on the assessed value of a home, which is a fraction of its market value. The median home price here is $93,350. Homeowners in Oppelo generally pay a property tax bill of around $446, which is significantly lower than the national median property tax bill of $2,400. This lower tax bill can be attributed to the overall lower property tax rate in the area compared to the national median rate of 1.02%.
Factors influencing property tax bills include the home's assessed value and local tax rates. For homeowners, these taxes can impact monthly budgets and long-term financial planning. By appealing their property taxes, homeowners in Oppelo can potentially reduce their tax bills. Ownwell assists homeowners by analyzing their property assessments, identifying discrepancies, and filing appeals when necessary. This service can help ensure that homeowners are not overpaying and are only paying their fair share, ultimately leading to significant savings on property tax bills.
Median Oppelo Tax Bill
$446
Median Conway County Tax Bill
$532
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Oppelo, Conway County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72110 | $84 | $222 | $446 | $793 | $1,292 |
Source: Ownwell