Winchester, Drew County, Arkansas Property Taxes
Median Winchester, Arkansas effective property tax rate: 0.98%, slightly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Winchester, Arkansas home value: $20,325
Median annual Winchester, Arkansas tax bill: $106, $2,294 lower than the national median property tax bill of $2,400.
How are property taxes in Drew County calculated?
Property taxes in Winchester, 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 Winchester’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Winchester, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Winchester, Drew County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.98%
Estimate Property Tax Bill
$199
$185
Property Tax Rates Across Winchester, Drew County, Arkansas
Local government entities are responsible for setting tax rates, and these can vary significantly within a state. This variation is due to the annual process where each county estimates the budget needed to deliver services and divides it by the total value of all taxable property in its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this process is fundamentally consistent each year.
In Winchester, located in Drew County, Arkansas, the effective property tax rate is 0.98%, which aligns with the median property tax rate for the state. This rate is slightly below the national median property tax rate of 1.02%, providing a comparative advantage for property owners in Winchester. Additionally, the property tax bill in Winchester is typically lower than the national median bill of $2400, making it an attractive location for those seeking more affordable property tax obligations. Comparing Winchester’s tax rate to other cities in Arkansas and the U.S. highlights its competitive position, potentially appealing to current and prospective property owners.
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 Winchester Tax Rate
0.98%
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 Winchester, Drew County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71677 | 0.15% | 0.28% | 0.98% | 0.98% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Winchester, Drew County, Arkansas
When examining property taxes in Winchester, 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 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 Winchester.
For example, the median home price in Winchester is $20,325, with tax bills ranging significantly across the county. Zip code 71677 has the highest median home price at $20,325.
Property Tax Assessment Values Across Winchester, Drew County, Arkansas
Source: Ownwell
$20,325
$44,463
$68,600
Median Winchester Market Value
$20,325
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 Winchester, Drew County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71677 | $5,450 | $10,450 | $20,325 | $34,188 | $42,900 |
Source: Ownwell
Property Tax Bills Across Winchester, Drew County, Arkansas
In Winchester, 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 Winchester experience a median property tax bill of $106, which is significantly lower than the national median of $2400. This lower tax bill can be attributed to the area's relatively modest median home price of $20,325. However, even minor discrepancies in assessed values can lead to higher tax bills for homeowners. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. For instance, tax bills in the 90th percentile can reach up to $375, indicating variability based on these factors.
Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By analyzing your property's assessment and identifying potential errors or overvaluations, Ownwell can help reduce your tax burden. This ensures that homeowners pay only their fair share, potentially saving hundreds of dollars annually on property taxes.
Median Winchester Tax Bill
$106
Median Drew County Tax Bill
$445
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Winchester, Drew County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71677 | $22 | $47 | $106 | $204 | $375 |
Source: Ownwell