Floral, Independence County, Arkansas Property Taxes

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Property Taxes in Floral, Arkansas

Median Floral, Arkansas effective property tax rate: 0.56%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median Floral, Arkansas home value: $52,250
Median annual Floral, Arkansas tax bill: $236, $2,164 lower than the national median property tax bill of $2,400.

How are property taxes in Independence calculated?

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

Last Updated April 13, 2026

Floral, Independence County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.56%

Estimate Property Tax Bill

$293

$272

How Does the Floral Property Tax Calculator Work?

Use this Floral property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Floral's median effective tax rate of 0.56% — based on actual property records in Independence 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 Floral'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 Floral: rates range from 0.56% in 72534 to 0.56% in 72534, 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 Floral.

About Floral Property Taxes

About Property Taxes in Floral, Independence, Arkansas

Floral’s median effective property tax rate of 0.56% is lower than the Arkansas state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Independence 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 Floral. Homeowners in ZIP code 72534 carry a median effective rate of 0.56%, while those in the same ZIP code also pay 0.56%. This spread reflects how school district boundaries and local assessment districts are drawn across Independence County. Understanding which part of Floral you live in can make a meaningful difference to your annual tax bill.

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

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 Floral, Independence 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 Floral'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 Floral, Independence County, Arkansas

Source: Ownwell

0.33%

0.63%

0.93%

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 Floral Tax Rate

0.56%

Median Effective Independence County Tax Rate

0.68%

Median Effective Arkansas Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Floral, Independence County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72534	0.17%	0.27%	0.56%	0.95%	1.15%

Source: Ownwell

Property Tax Assessment Values Across Floral, Independence County, Arkansas

When examining property taxes in Floral, 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 Independence 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 Independence County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.

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 Floral.

For example, the median home price in Floral is $52,250, with tax bills ranging significantly across the county. 72534 has the highest median home price at $52,250.

Property Tax Assessment Values Across Floral, Independence County, Arkansas

Source: Ownwell

$37,900

$62,275

$86,650

Median Floral Market Value

$52,250

Median Independence County Market Value

$67,050

Median Arkansas Market Value

$118,750

Median United States Market Value

$235,294

Property Tax Assessment Values Across Floral, Independence County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72534	$13,350	$27,325	$52,250	$90,275	$146,490

Source: Ownwell

Property Tax Bills Across Floral, Independence County, Arkansas

Property tax bills in Floral are based on the assessed value of a home and the local tax rate set by Independence County and other taxing authorities. The assessed value is compared with the market value of the property, and that figure is used to calculate the bill. For a home with a median market value of $52,250, the tax bill can vary widely depending on location and local levies.

The median tax bill in Floral is $236, which is below the national median property tax bill of $2,400 and reflects a lower burden for many homeowners. Bills at the 25th percentile are $87, while the 75th percentile reaches $539 and the 90th percentile climbs to $966. That range shows how property taxes can affect homeowners differently, even within the same city. Factors like home value, assessment accuracy, and local tax rates all play a role in what a homeowner ultimately pays.

Property Tax Bills Across Floral, Independence County, Arkansas

Source: Ownwell

$113

$348

$583

Median Floral Tax Bill

$236

Median Independence County Tax Bill

$416

Median Arkansas Tax Bill

$870

Median United States Tax Bill

$2,400

Property Tax Bills Across Floral, Independence County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72534	$65	$87	$236	$539	$966

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	August 17

Links
Independence Tax Assessor
Website	www.actdatascout.com

Frequently Asked Property Tax Questions in Floral, Arkansas

How are property taxes calculated in Floral, Arkansas?

Property taxes in Floral, 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 Floral, Arkansas?

To appeal your property taxes in Floral, 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 Floral, Arkansas?

Common property tax exemptions in Floral, 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 Floral, Arkansas?

Property tax deadlines in Floral, 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 Floral, Arkansas?

Ownwell provides professional property tax appeal services in Floral, 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.