Lavaca, Franklin County, Arkansas Property Taxes

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Lavaca’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S. Lavaca is situated in Franklin County, where the median property tax rate is 0.64%. This is significantly lower than the national median property tax rate of 1.02%. The lower tax rate in Lavaca means that homeowners may enjoy reduced property tax bills compared to many other regions across the country. However, it's essential to consider that lower tax rates might also reflect the level of services provided by the local government. Understanding these dynamics can help property owners make informed decisions about property investments and tax appeals in Lavaca and beyond.

In Lavaca, located in Franklin County, Arkansas, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The median home price in Lavaca is $83,475. Property taxes in this region are notably lower than the national averages, with a median property tax bill significantly below the national median of $2,400. For instance, the 25th percentile tax bill is $305, while the 75th percentile reaches $418, and the 90th percentile is $451. These figures highlight the variability in tax bills, which can impact homeowners differently depending on their property’s assessed value and other factors like local tax rates.

Homeowners in Lavaca can benefit from appealing their property tax assessments, potentially leading to significant savings. Ownwell assists homeowners by providing expert property tax appeal services, ensuring their property is accurately assessed, and exploring available exemptions. By leveraging Ownwell's expertise, homeowners can reduce their tax burden and achieve fairer tax bills, aligning more closely with their property's true value.