Wynne, Cross County, Arkansas Property Taxes
Median Wynne, AR effective property tax rate: 0.74%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%. Median Wynne, AR home value: $73,550. Median annual Wynne, AR tax bill: $529, $1,871 lower than the national median property tax bill of $2,400.
How are property taxes in Cross County calculated?
Property taxes in Wynne, 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 Wynne’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wynne, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Wynne, Cross County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.74%
Estimate Property Tax Bill
$544
$505
Property Tax Rates Across Wynne, Cross County, Arkansas
Local government entities set tax rates, which can vary widely within a state. This variance occurs because each county estimates its budget to provide essential services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Wynne, located in Cross County, Arkansas, the effective property tax rate stands at 0.74%. This rate is significantly lower than the national median property tax rate of 1.02%, providing a more affordable option for homeowners. The median property tax bill in Wynne is also lower than the national median of $2400, offering potential savings for residents.
Comparing Wynne's tax rate to the rest of Arkansas, it aligns with the state's property tax trends, maintaining a consistent rate across the region. This can be an attractive feature for property owners seeking lower tax liabilities. By understanding these rates, homeowners in Wynne can better plan their finances and potentially benefit from the lower tax burden compared to other parts of the country.
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 Wynne Tax Rate
0.74%
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 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 Wynne, Cross County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72396 | 0.25% | 0.49% | 0.74% | 0.99% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Wynne, Cross County, Arkansas
When examining property taxes in Wynne, 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 Cross 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 Cross 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 Wynne.
For example, the median home price in Wynne is $73,550, with tax bills ranging significantly across the county. Zip code 72396 has the highest median home price at $73,550.
Property Tax Assessment Values Across Wynne, Cross County, Arkansas
Source: Ownwell
$25,850
$49,700
$73,550
Median Wynne Market Value
$73,550
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 Wynne, Cross County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72396 | $17,150 | $39,300 | $73,550 | $126,600 | $195,630 |
Source: Ownwell
Property Tax Bills Across Wynne, Cross County, Arkansas
In Wynne, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Cross County typically see a median tax bill of $529, significantly lower than the national median of $2,400. The tax bill can range from as low as $246 at the 25th percentile to as high as $1,536 at the 90th percentile, reflecting the diversity in property values and tax liabilities in the area. Factors such as local tax rates and property assessments directly influence the final tax bill, impacting homeowners' annual expenses.
Ownwell offers valuable assistance in reducing property tax bills by providing expert property tax appeal and exemption services. By analyzing individual assessments and identifying discrepancies, Ownwell can help homeowners challenge overvaluations, leading to potential savings. This service not only alleviates the financial burden on homeowners but also ensures they pay a fair amount relative to their property's true value. With Ownwell's expertise, homeowners in Wynne can navigate the complexities of property taxation with confidence.
Median Wynne Tax Bill
$529
Median Cross County Tax Bill
$467
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Wynne, Cross County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72396 | $92 | $246 | $529 | $940 | $1,536 |
Source: Ownwell