Floral, Independence County, Arkansas Property Taxes
Median Floral, Arkansas effective property tax rate: 0.64%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Floral, Arkansas home value: $52,300
Median annual Floral, Arkansas tax bill: $247, $2,153 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 March 1, 2025
Floral, Independence County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.64%
Estimate Property Tax Bill
$335
$311
Ownwell’s Floral Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Floral with just two data points.
By entering your property's estimated assessed value, our calculator applies Floral’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 Independence County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Floral, Independence 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 Floral Tax Rate
0.64%
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 Independence County Tax Rate
0.72%
Median Effective Arkansas Tax Rate
0.84%
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 | 0.14% | 0.26% | 0.64% | 0.94% | 0.94% |
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.
In Independence County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 $52,300, with tax bills ranging significantly across the county. Zip code 72534 has the highest median home price at $52,300.
Property Tax Assessment Values Across Floral, Independence County, Arkansas
Source: Ownwell
$37,550
$61,275
$85,000
Median Floral Market Value
$52,300
Median Independence County Market Value
$66,400
Median Arkansas Market Value
$113,950
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 | $14,765 | $28,212 | $52,300 | $89,875 | $144,420 |
Source: Ownwell
Property Tax Bills Across Floral, Independence County, Arkansas
In Floral, Independence County, AR, property tax bills are determined by assessing the home's market value and applying the local tax rate. The median home price here is $52,300, which is significantly lower than the national median. This lower home price contributes to the relatively low property tax bills in the area. For instance, the 25th percentile tax bill is $83, while the 75th percentile reaches $547. The highest median tax bill in the region is $247, which is still below the national median property tax bill of $2400. These figures highlight how homeowners in Floral benefit from lower property taxes compared to many other locations nationwide.
However, even with these lower rates, property taxes can still be a financial burden. This is where Ownwell comes in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners reduce their tax bills. Through a thorough review of assessed values and potential exemptions, Ownwell ensures that homeowners pay only what they owe, potentially saving them a significant amount on their annual property taxes.
Median Floral Tax Bill
$247
Median Independence County Tax Bill
$426
Median Arkansas Tax Bill
$877
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 | $47 | $83 | $247 | $547 | $1,007 |
Source: Ownwell