Mc Crory, Cross County, Arkansas Property Taxes

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

Median MC CRORY, AR effective property tax rate: 0.89%, significantly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median MC CRORY, AR home value: $31,000
Median annual MC CRORY, AR tax bill: $233, $2,167 lower than the national median property tax bill of $2,400.

How are property taxes in Cross County calculated?

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

Last Updated March 1, 2025

Mc Crory, Cross County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.89%

Estimate Property Tax Bill

$276

$256

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

Property Tax Rates Across Mc Crory, Cross County, Arkansas

Local government entities set tax rates, which can vary widely within a state. Annually, 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 MC CRORY’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.

Property Tax Rates Across Mc Crory, Cross County, Arkansas

Source: Ownwell

0.72%

0.86%

0.99%

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 Crory Tax Rate

0.89%

Median Effective Cross County Tax Rate

0.77%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mc Crory, Cross County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72101	0.20%	0.89%	0.89%	0.89%	0.89%

Source: Ownwell

Property Tax Assessment Values Across Mc Crory, Cross County, Arkansas

When examining property taxes in Mc Crory, 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 Cross 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 Cross County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Crory. For example, the median home price in Mc Crory is $31,000, with tax bills ranging significantly across the county. 72101 has the highest median home price at $31,000.

Property Tax Assessment Values Across Mc Crory, Cross County, Arkansas

Source: Ownwell

$25,850

$49,700

$73,550

Median Mc Crory Market Value

$31,000

Median Cross County Market Value

$66,000

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mc Crory, Cross County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72101	$14,150	$17,025	$31,000	$49,450	$93,800

Source: Ownwell

Property Tax Bills Across Mc Crory, Cross County, Arkansas

In Mc Crory, located in Cross County, AR, property tax bills are calculated based on the assessed value of a home, which is typically a fraction of its market value. The local tax rate is then applied to this assessed value to determine the annual property tax bill. With a median home price of $31,000, homeowners in Mc Crory face property tax bills that can vary significantly. For instance, the 25th percentile tax bill is $132, while the 75th percentile reaches $346, and the 90th percentile climbs to $557. This variation highlights the impact of property assessments and tax rates on homeowners' finances. Compared to the national median property tax bill of $2,400, Mc Crory's property taxes are considerably lower, but they still represent a significant expense for many homeowners. Ownwell can assist homeowners by identifying potential errors in property assessments and ensuring that all applicable exemptions are applied, ultimately helping to reduce property tax bills and alleviate financial burdens.

Property Tax Bills Across Mc Crory, Cross County, Arkansas

Source: Ownwell

$146

$338

$529

Median Mc Crory Tax Bill

$233

Median Cross County Tax Bill

$467

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Mc Crory, Cross County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72101	$81	$132	$233	$346	$557

Source: Ownwell