Tillar, Drew County, Arkansas Property Taxes
Median Tillar, Arkansas 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 Tillar, Arkansas home value: $37,775
Median annual Tillar, Arkansas tax bill: $249, $2,151 lower than the national median property tax bill of $2,400.
How are property taxes in Drew County calculated?
Property taxes in Tillar, 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 Tillar’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Tillar, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Tillar, 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
$344
$319
Property Tax Rates Across Tillar, Drew County, Arkansas
Local government entities are responsible for setting property tax rates, which can vary significantly within a state. Each year, counties estimate their required budget to provide essential services and then divide that by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the core of the annual process.
Tillar in Drew County, Arkansas, offers a unique perspective on property tax rates. With an effective property tax rate of 0.91%, Tillar aligns with both the highest and lowest median tax rates in the state. This rate is below the national median property tax rate of 1.02%, offering residents a relatively lower tax burden. When compared to the national median property tax bill of $2,400, Tillar residents benefit from more affordable property taxes. By understanding these rates, property owners can make informed decisions about their investments and potential savings.
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 Tillar 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 Tillar, Drew County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71670 | 0.15% | 0.38% | 0.91% | 0.95% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Tillar, Drew County, Arkansas
When examining property taxes in Tillar, 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 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 Drew 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 Tillar. For example, the median home price in Tillar is $37,775, with tax bills ranging significantly across the county. Zip code 71670 has the highest median home price at $37,775.
Property Tax Assessment Values Across Tillar, Drew County, Arkansas
Source: Ownwell
$20,325
$44,463
$68,600
Median Tillar Market Value
$37,775
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 Tillar, Drew County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71670 | $12,340 | $21,038 | $37,775 | $76,962 | $134,850 |
Source: Ownwell
Property Tax Bills Across Tillar, Drew County, Arkansas
Median Tillar Tax Bill
$249
Median Drew County Tax Bill
$445
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Tillar, Drew County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71670 | $35 | $104 | $249 | $605 | $1,136 |
Source: Ownwell