Ozan, Hempstead County, Arkansas Property Taxes
Median OZAN, AR effective property tax rate: 0.77%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median OZAN, AR home value: $33,200
Median annual OZAN, AR tax bill: $168, $2,232 lower than the national median property tax bill of $2,400.
How are property taxes in Hempstead calculated?
Property taxes in OZAN, 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 OZAN’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in OZAN, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ozan, Hempstead County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.81%
Estimate Property Tax Bill
$271
$252
Ownwell’s Ozan Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ozan with just two data points.
By entering your property's estimated assessed value, our calculator applies Ozan’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your 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 Hempstead County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Ozan, Hempstead County, Arkansas
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 Ozan Tax Rate
0.81%
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 Hempstead County Tax Rate
0.81%
Median Effective Arkansas Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ozan, Hempstead County, Arkansas
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
71855 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Ozan, Hempstead County, Arkansas
When examining property taxes in Ozan, 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 Hempstead 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.
In Hempstead 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 Ozan.
For example, the median home price in Ozan is $33,200, with tax bills ranging significantly across the county. Zip code 71855 has the highest median home price at $33,200.
Property Tax Assessment Values Across Ozan, Hempstead County, Arkansas
Source: Ownwell
$28,450
$55,263
$82,075
Median Ozan Market Value
$33,500
Median Hempstead County Market Value
$47,975
Median Arkansas Market Value
$118,750
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ozan, Hempstead County, Arkansas
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
71855 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Ozan, Hempstead County, Arkansas
Median Ozan Tax Bill
$171
Median Hempstead County Tax Bill
$310
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Ozan, Hempstead County, Arkansas
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
71855 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell