Lavaca, Franklin County, Arkansas Property Taxes
Median Lavaca, AR effective property tax rate: 0.64%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Lavaca, AR home value: $83,475
Median annual Lavaca, AR tax bill: $361, $2,039 lower than the national median property tax bill of $2,400.
How are property taxes in Franklin calculated?
Property taxes in Lavaca, 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 Lavaca’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lavaca, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lavaca, Franklin County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.64%
Estimate Property Tax Bill
$534
$496
Property Tax Rates Across Lavaca, Franklin County, Arkansas
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.
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 Lavaca Tax Rate
0.64%
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
0.67%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lavaca, Franklin County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72941 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Lavaca, Franklin County, Arkansas
When examining property taxes in Lavaca, 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'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 Franklin 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 Lavaca.
For example, the median home price in Lavaca is $83,475, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Lavaca, Franklin County, Arkansas
Source: Ownwell
$75,250
$81,525
$87,800
Median Lavaca Market Value
$83,475
Median Franklin County Market Value
$75,300
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lavaca, Franklin County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72941 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Lavaca, Franklin County, Arkansas
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.
Median Lavaca Tax Bill
$361
Median Franklin County Tax Bill
$476
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Lavaca, Franklin County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72941 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
