Dermott, Drew County, Arkansas Property Taxes
Median Dermott, AR effective property tax rate: 0.91%, significantly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Dermott, AR home value: $39,600
Median annual Dermott, AR tax bill: $246, $2,154 lower than the national median property tax bill of $2,400.
How are property taxes in Drew County calculated?
Property taxes in Dermott, 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 Dermott’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Dermott, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Dermott, Drew County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.91%
Estimate Property Tax Bill
$360
$334
Property Tax Rates Across Dermott, Drew County, Arkansas
Local government entities determine tax rates, which can differ significantly within a state. This variation occurs because each county estimates its required budget annually to provide essential services. They then divide this budget by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. Although the process involves votes and legislation to set tax rates and budgets, this is the fundamental annual procedure.
Dermott in Drew County, Arkansas, presents a unique case in property tax rates. The effective property tax rate here aligns with the highest and lowest median tax rates in the state, both at 0.91%. This figure is below the national median property tax rate of 1.02%. Compared to the national median property tax bill of $2,400, Dermott residents benefit from relatively lower property tax obligations. Exploring Dermott’s tax rate can offer insights into how local fiscal policies impact homeowners compared to broader state and national landscapes. Understanding these dynamics is crucial for property owners seeking to manage their tax liabilities effectively.
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 Dermott Tax Rate
0.91%
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 Drew County Tax Rate
0.81%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Dermott, Drew County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71638 | 0.19% | 0.55% | 0.91% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Dermott, Drew County, Arkansas
When examining property taxes in Dermott, 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 Drew 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 Drew County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Dermott. For example, the median home price in Dermott is $39,600, with tax bills ranging significantly across the county. 71638 has the highest median home price at $39,600.
Property Tax Assessment Values Across Dermott, Drew County, Arkansas
Source: Ownwell
$20,325
$44,463
$68,600
Median Dermott Market Value
$39,600
Median Drew County Market Value
$62,550
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Dermott, Drew County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71638 | $9,820 | $18,750 | $39,600 | $81,000 | $133,160 |
Source: Ownwell
Property Tax Bills Across Dermott, Drew County, Arkansas
Median Dermott Tax Bill
$246
Median Drew County Tax Bill
$445
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Dermott, Drew County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71638 | $33 | $111 | $246 | $610 | $1,072 |
Source: Ownwell