Russellville, Conway County, Arkansas Property Taxes

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

Median Russellville, AR effective property tax rate: 0.98%, slightly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Russellville, AR home value: $53,050
Median annual Russellville, AR tax bill: $521, $1,879 lower than the national median property tax bill of $2,400.

How are property taxes in Conway calculated?

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

Last Updated March 1, 2025

Russellville, Conway County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.98%

Estimate Property Tax Bill

$520

$482

Ownwell’s Russellville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Russellville with just two data points. By entering your property's estimated assessed value, our calculator applies Russellville’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 Russellville, 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 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 Russellville’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S. Russellville, located in Conway County, has a median property tax rate of 0.98%, which is slightly below the national median of 1.02%. This lower rate can translate to significant savings for property owners compared to the national average. Understanding these differences can help property owners make informed decisions about their investments and potential savings. Whether you're considering a move to Russellville or evaluating your current property tax situation, knowing these rates is crucial. In comparison to the national median property tax bill of $2,400, Russellville offers an appealing alternative for those looking to minimize their annual property tax expenses.

Property Tax Rates Across Russellville, 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 Russellville Tax Rate

0.98%

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 Russellville, Conway County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72802	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Russellville, Conway County, Arkansas

When examining property taxes in Russellville, 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 Assessor 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 Russellville. For example, the median home price in Russellville is $53,050, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Russellville, Conway County, Arkansas

Source: Ownwell

$58,550

$75,950

$93,350

Median Russellville Market Value

$53,050

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 Russellville, Conway County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72802	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Russellville, Conway County, Arkansas

In Russellville, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is a percentage of the home's market value, and in Russellville, it plays a crucial role in determining the property tax bill. The median home price in Russellville is $53,050, and property tax bills typically range around $521, which is significantly lower than the national median property tax bill of $2,400. This relatively low tax burden can be attributed to the area's lower property values and tax rates. However, even with these lower rates, homeowners in Russellville can benefit from ensuring their property assessments are accurate and fair. Ownwell can assist homeowners by reviewing their property assessments and identifying any discrepancies that could lead to overpayment. By appealing incorrect assessments and securing exemptions, Ownwell helps homeowners potentially save on their property tax bills, ensuring they only pay their fair share.

Property Tax Bills Across Russellville, Conway County, Arkansas

Source: Ownwell

$206

$420

$633

Median Russellville Tax Bill

$521

Median Conway County Tax Bill

$532

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Russellville, Conway County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72802	N/A	N/A	N/A	N/A	N/A

Source: Ownwell