Solgohachia, Conway County, Arkansas Property Taxes
Median Solgohachia, Arkansas effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Solgohachia, Arkansas home value: $82,900
Median annual Solgohachia, Arkansas tax bill: $465, $1,935 lower than the national median property tax bill of $2,400.
How are property taxes in Conway County calculated?
Property taxes in Solgohachia, 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 Solgohachia’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Solgohachia, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Solgohachia, Conway County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.61%
Estimate Property Tax Bill
$506
$469
Property Tax Rates Across Solgohachia, Conway County, Arkansas
Local government entities are responsible for setting property tax rates, which can vary significantly within a state. The reason for this variability is that each county annually estimates its budgetary needs to fund services and divides that figure by the total value of all taxable properties in its area. This calculation results in the property tax rate. Although the process involves votes and legislation, this is essentially how tax rates are determined each year.
In Solgohachia, located in Conway County, Arkansas, the effective property tax rate is noteworthy when compared to other cities across the state and the nation. Arkansas's median property tax rate is lower than the national median of 1.02%, which can be an attractive factor for potential property buyers or investors. The local tax rate in Solgohachia aligns with the state’s trend, maintaining a competitive edge. For property owners, understanding these rates is crucial, as they directly impact the annual tax bill. With the national median tax bill at $2,400, Arkansas offers a more affordable option, potentially influencing decisions on property investments and relocations.
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 Solgohachia Tax Rate
0.61%
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 Solgohachia, Conway County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72156 | 0.16% | 0.33% | 0.61% | 0.92% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Solgohachia, Conway County, Arkansas
When examining property taxes in Solgohachia, 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.
Assessment notices: 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 Solgohachia. For example, the median home price in Solgohachia is $82,900, with tax bills ranging significantly across the county. Zip code 72156 has the highest median home price at $82,900.
Property Tax Assessment Values Across Solgohachia, Conway County, Arkansas
Source: Ownwell
$58,550
$75,950
$93,350
Median Solgohachia Market Value
$82,900
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 Solgohachia, Conway County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72156 | $17,975 | $45,088 | $82,900 | $146,600 | $228,100 |
Source: Ownwell
Property Tax Bills Across Solgohachia, Conway County, Arkansas
Median Solgohachia Tax Bill
$465
Median Conway County Tax Bill
$532
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Solgohachia, Conway County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72156 | $68 | $193 | $465 | $910 | $1,513 |
Source: Ownwell