Ozark, Franklin County, Arkansas Property Taxes
Median Ozark, AR effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Ozark, AR home value: $75,250
Median annual Ozark, AR tax bill: $495, $1,905 lower than the national median property tax bill of $2,400.
How are property taxes in Franklin calculated?
Property taxes in Ozark, 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 Ozark’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ozark, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ozark, Franklin County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.68%
Estimate Property Tax Bill
$512
$475
Ownwell’s Ozark Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ozark with just two data points.
By entering your property's estimated assessed value, our calculator applies Ozark’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Franklin County — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Franklin County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Ozark, Franklin County, Arkansas
Local government entities set tax rates, which can vary widely within a state. This is 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 Ozark’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.
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 Ozark Tax Rate
0.68%
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 Ozark, Franklin County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72949 | 0.15% | 0.41% | 0.68% | 0.96% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Ozark, Franklin County, Arkansas
When examining property taxes in Ozark, 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 appraisal district 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 Ozark.
For example, the median home price in Ozark is $75,250, with tax bills ranging significantly across the county. 72949 has the highest median home price at $75,250.
Property Tax Assessment Values Across Ozark, Franklin County, Arkansas
Source: Ownwell
$75,250
$81,525
$87,800
Median Ozark Market Value
$75,250
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 Ozark, Franklin County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72949 | $22,025 | $46,050 | $75,250 | $120,938 | $173,900 |
Source: Ownwell
Property Tax Bills Across Ozark, Franklin County, Arkansas
Median Ozark Tax Bill
$495
Median Franklin County Tax Bill
$476
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Ozark, Franklin County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72949 | $60 | $220 | $495 | $831 | $1,303 |
Source: Ownwell