Magazine, Franklin County, Arkansas Property Taxes

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Property Taxes in Magazine, Arkansas

Median Magazine, Arkansas effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median Magazine, Arkansas home value: $168,500
Median annual Magazine, Arkansas tax bill: $1,006, lower than the national median property tax bill of $2,400.

How are property taxes in Franklin calculated?

Property taxes in Magazine, 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 Magazine's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Magazine, knowing local tax details benefits homeowners and investors.

Last Updated April 13, 2026

Magazine, Franklin County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.68%

Estimate Property Tax Bill

$1,146

$1,063

How Does the Magazine Property Tax Calculator Work?

Use this Magazine property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Magazine's median effective tax rate of 0.68% — based on actual property records in Franklin County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Magazine's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within Magazine: rates range from the lowest ZIP rate to the highest ZIP rate, primarily due to differences in school district levies and local assessment districts.

For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Magazine.

About Magazine Property Taxes

About Property Taxes in Magazine, Franklin, Arkansas

Magazine's median effective property tax rate of 0.68% is lower than the Arkansas state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Franklin County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.

Property tax rates are not uniform across Magazine. Homeowners in the highest ZIP code carry a median effective rate of 0.68%, while those in the lowest pay 0.68%. This spread reflects how school district boundaries and local assessment districts are drawn across Franklin County. Understanding which part of Magazine you live in can make a meaningful difference to your annual tax bill.

Magazine homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the August 17, 2026 deadline each year.

If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across Magazine, Franklin County, Arkansas

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? Because annually, 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 Magazine's effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.

Property Tax Rates Across Magazine, Franklin County, Arkansas

Source: Ownwell

0.64%

0.65%

0.67%

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 MagazineTax Rate

0.68%

Median Effective FranklinCounty Tax Rate

0.64%

Median Effective ArkansasTax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Magazine, Franklin County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72943	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Magazine, Franklin County, Arkansas

When examining property taxes in Magazine, 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.

Assessment notices:

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 Magazine.

For example, the median home price in Magazine is $168,500, with tax bills ranging significantly across the county. The median property tax bill is $1,006, compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400.

Property Tax Assessment Values Across Magazine, Franklin County, Arkansas

Source: Ownwell

$76,700

$82,800

$88,900

Median Magazine Market Value

$168,500

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 Magazine, Franklin County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72943	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Magazine, Franklin County, Arkansas

How are property tax bills calculated in Magazine, Arkansas?

Property tax bills in Magazine are based on the assessed value of a home, which is derived from its market value and then multiplied by the local tax rate. For homeowners in Franklin County, the amount owed can vary depending on the property’s value, local taxing jurisdictions, and any exemptions that may apply. The median home price in Magazine is $168,500, and that value helps explain why tax bills can differ so much from one property to another.

What factors affect the final bill? A home’s assessed value, the millage rates set by local governments, and any qualifying exemptions all play a role. In Magazine, the 25th percentile tax bill is $516, while the 75th percentile is $1,326 and the 90th percentile reaches $2,252. These differences show how property taxes can affect homeowners unevenly, especially when market values rise or local rates change.

Property Tax Bills Across Magazine, Franklin County, Arkansas

Source: Ownwell

$475

$521

$567

Median Magazine Tax Bill

$1,006

Median Franklin County Tax Bill

$467

Median Arkansas Tax Bill

$870

Median United States Tax Bill

$2,400

Property Tax Bills Across Magazine, Franklin County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72943	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	August 17

Links
Franklin Tax Assessor
Website	www.actdatascout.com

Frequently Asked Property Tax Questions in Magazine, Arkansas

How are property taxes calculated in Magazine, Arkansas?

Property taxes in Magazine, Arkansas are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Magazine, Arkansas?

To appeal your property taxes in Magazine, Arkansas, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Magazine, Arkansas?

Common property tax exemptions in Magazine, Arkansas include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Magazine, Arkansas?

Property tax deadlines in Magazine, Arkansas vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Magazine, Arkansas?

Ownwell provides professional property tax appeal services in Magazine, Arkansas. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.