Ozan, Hempstead County, Arkansas Property Taxes

Name: Property Tax Bills Across Ozan, Hempstead County, Arkansas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

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

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.77%

Estimate Property Tax Bill

$256

$237

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

Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its budgetary needs to fund services and divides this by the total value of all taxable properties within its jurisdiction, resulting in the property tax rate. While the process involves votes and legislation, this is the core of how rates are determined each year. In Ozan, located in Hempstead County, Arkansas, the effective property tax rate stands at 0.77%. This rate is below the national median property tax rate of 1.02%, highlighting a relatively lower tax burden for property owners in Ozan compared to the national average. When comparing Ozan’s property tax rate with other cities in Arkansas, it aligns with the state’s median, offering residents a balanced tax environment. This can be appealing for homeowners seeking affordability in their property-related expenses. Understanding these rates and how they compare both statewide and nationally can provide valuable insights for potential property buyers and current homeowners in managing their financial planning.

Property Tax Rates Across Ozan, Hempstead County, Arkansas

Source: Ownwell

0.77%

0.80%

0.84%

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

0.77%

Median Effective Hempstead County Tax Rate

0.77%

Median Effective Arkansas Tax Rate

0.84%

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	0.12%	0.41%	0.77%	0.78%	0.82%

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

$27,350

$39,425

$51,500

Median Ozan Market Value

$33,200

Median Hempstead County Market Value

$47,525

Median Arkansas Market Value

$113,950

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	$4,250	$10,800	$33,200	$78,975	$172,800

Source: Ownwell

Property Tax Bills Across Ozan, Hempstead County, Arkansas

In Ozan, located in Hempstead County, AR, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value. The median home price in Ozan is $33,200, resulting in a relatively low property tax bill compared to the national median of $2,400. For instance, the 25th percentile tax bill is just $53, while the 75th percentile reaches $468. At the 90th percentile, homeowners might see a tax bill of $1,118. The highest and lowest median tax bills in the area are both $168, highlighting a degree of uniformity within the local tax structure. These tax bills can significantly impact homeowners, especially when considering the national median property tax rate of 1.02%. Ownwell can assist homeowners in Ozan by providing expert property tax appeal and exemption services, potentially reducing their property tax burden. By leveraging local market data and expertise, Ownwell helps ensure homeowners pay only their fair share, offering peace of mind and financial relief.

Property Tax Bills Across Ozan, Hempstead County, Arkansas

Source: Ownwell

$161

$257

$352

Median Ozan Tax Bill

$168

Median Hempstead County Tax Bill

$306

Median Arkansas Tax Bill

$877

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	$17	$53	$168	$468	$1,118

Source: Ownwell