Warren, Drew County, Arkansas Property Taxes
Median Warren, Arkansas effective property tax rate: 0.91%, slightly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Warren, Arkansas home value: $41,350
Median annual Warren, Arkansas tax bill: $334, $2,066 lower than the national median property tax bill of $2,400.
How are property taxes in Drew County calculated?
Property taxes in Warren, 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 Warren’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Warren, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Warren, 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
$376
$349
Property Tax Rates Across Warren, Drew County, Arkansas
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget for 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 play a role in setting tax rates and budgets, this is essentially the annual process.
Warren in Drew County, Arkansas, exemplifies how property tax rates can differ significantly even within a single state. Arkansas has a median property tax rate that is slightly below the national median, making it an appealing option for property owners. This difference can have a substantial impact on homeowners' annual expenses, especially when compared to the national median property tax rate and bill. Lower property tax rates can alleviate financial burdens, allowing residents to allocate their resources elsewhere.
Below, you can compare Warren’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S. Understanding these differences is crucial for homeowners looking to optimize their property investments and manage their financial commitments 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 Warren 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 Warren, Drew County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71671 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Warren, Drew County, Arkansas
When examining property taxes in Warren, 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's Office 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 Warren.
For example, the median home price in Warren is $41,350, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Warren, Drew County, Arkansas
Source: Ownwell
$20,325
$44,463
$68,600
Median Warren Market Value
$41,350
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 Warren, Drew County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71671 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Warren, Drew County, Arkansas
In Warren, Drew County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in this region experience a median property tax bill that is significantly lower than the national median of $2,400, with many residents paying between $251 and $375. The tax rate applied to the assessed value determines the final tax bill, and this rate can fluctuate based on local government budgets and public service funding needs. For homeowners, these taxes can represent a substantial part of their annual expenses, impacting overall affordability.
Ownwell assists homeowners in Warren by identifying opportunities for appealing their property tax assessments, potentially leading to significant savings. By leveraging expert knowledge and a comprehensive understanding of local tax regulations, Ownwell can help ensure that property assessments are fair and accurate. This service can be particularly beneficial in areas like Warren, where even small adjustments to the assessed value can result in meaningful reductions in property tax bills, enhancing financial stability for homeowners.
Median Warren Tax Bill
$334
Median Drew County Tax Bill
$445
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Warren, Drew County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71671 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell