Combs, Franklin County, Arkansas Property Taxes
Median Combs, AR effective property tax rate: 0.58%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Combs, AR home value: $112,850
Median annual Combs, AR tax bill: $668, $1,732 lower than the national median property tax bill of $2,400.
How are property taxes in Franklin calculated?
Property taxes in Combs, 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 Combs’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Combs, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Combs, Franklin County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.56%
Estimate Property Tax Bill
$632
$586
Property Tax Rates Across Combs, Franklin County, Arkansas
Local government entities are responsible for setting tax rates, which can differ significantly across a state. Annually, each county determines its necessary budget to fund services and then divides that by the total value of all taxable property within its borders. This calculation establishes the property tax rate. Although votes and legislation play a role in determining these rates and budgets, this is the core of the annual process.
In Combs, located in Madison County, Arkansas, the effective property tax rate is 0.58%, which is significantly lower than the national median property tax rate of 1.02%. This means that homeowners in Combs benefit from a lower tax burden compared to many other areas. The median property tax bill in Combs is also notably more affordable than the national median of $2,400. With such favorable tax conditions, Combs presents an attractive option for property owners looking to reduce their annual tax expenses. Comparing Combs to other cities in Arkansas and the broader U.S. highlights its advantageous position in terms of property tax rates.
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 Combs Tax Rate
0.56%
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 Franklin County Tax Rate
0.64%
Median Effective Arkansas Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Combs, Franklin County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72721 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Combs, Franklin County, Arkansas
When examining property taxes in Combs, 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 Franklin 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 Franklin 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 Combs.
For example, the median home price in Combs is $112,850, with tax bills ranging significantly across the county. The tax bills can vary from as low as $359 to as high as $963, depending on the property’s assessed value.
Property Tax Assessment Values Across Combs, Franklin County, Arkansas
Source: Ownwell
$76,700
$82,800
$88,900
Median Combs Market Value
$112,850
Median Franklin County Market Value
$76,950
Median Arkansas Market Value
$118,750
Median United States Market Value
$235,294
Property Tax Assessment Values Across Combs, Franklin County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72721 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Combs, Franklin County, Arkansas
In Combs, Franklin County, AR, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is a percentage of the property's market value, which is determined by the local assessor's office. Factors such as property size, location, and market conditions influence this value. Homeowners in Combs typically face property tax bills that range from $359 at the 25th percentile to $963 at the 90th percentile. This is relatively modest compared to the national median property tax bill of $2,400. However, even these amounts can be significant for homeowners, impacting their financial planning and budget.
Ownwell assists homeowners by providing property tax appeal and exemption services, potentially lowering their tax obligations. By leveraging expertise in local tax regulations and market trends, Ownwell identifies opportunities to challenge over-assessments and secure exemptions. This can lead to substantial savings, reducing the financial burden on homeowners and ensuring they only pay what is fair.
Median Combs Tax Bill
$646
Median Franklin County Tax Bill
$467
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Combs, Franklin County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72721 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell