Oil Trough, Independence County, Arkansas Property Taxes
Property Taxes in Oil Trough, Arkansas
Median Oil Trough, Arkansas effective property tax rate: 0.60%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median Oil Trough, Arkansas home value: $49,250
Median annual Oil Trough, Arkansas tax bill: $214, $2,186 lower than the national median property tax bill of $2,400.
How are property taxes in Independence County calculated?
Property taxes in Oil Trough, 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 Oil Trough's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Oil Trough, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Oil Trough, Independence County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.6%
Estimate Property Tax Bill
$296
$274
How Does the Oil Trough Property Tax Calculator Work?
Use this Oil Trough property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Oil Trough's median effective tax rate of 0.60% — 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 Oil Trough'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 Oil Trough: rates range from 0.60% in 72564 to 0.60% in 72564, 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 Oil Trough.
About Oil Trough Property Taxes
About Property Taxes in Oil Trough, Independence, Arkansas
Oil Trough's median effective property tax rate of 0.60% 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 Oil Trough. Homeowners in the 72564 ZIP code carry a median effective rate of 0.60%, while those in the same ZIP code also pay 0.60%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Independence County. Understanding which part of Oil Trough you live in can make a meaningful difference to your annual tax bill.
Oil Trough homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the August 17, 2026 deadline each year.
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 Oil Trough, 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 Oil Trough'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 Ă· 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 Oil Trough Tax Rate
0.60%
Our median effective property tax rate (tax bill Ă· 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
0.68%
Median Effective Arkansas Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Oil Trough, Independence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72564 | 0.13% | 0.21% | 0.60% | 0.99% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Oil Trough, Independence County, Arkansas
When examining property taxes in Oil Trough, 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.
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 understanding how these values are determined, property owners can better navigate their tax responsibilities in Oil Trough.
For example, the median home price in Oil Trough is $49,250, with tax bills ranging significantly across the county. ZIP code 72564 has the highest median home price at $49,250.
Property Tax Assessment Values Across Oil Trough, Independence County, Arkansas
Source: Ownwell
$37,900
$62,275
$86,650
Median Oil Trough Market Value
$49,250
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 Oil Trough, Independence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72564 | $16,100 | $29,200 | $49,250 | $68,600 | $130,550 |
Source: Ownwell
Property Tax Bills Across Oil Trough, Independence County, Arkansas
Property tax bills in Oil Trough are based on the assessed value of a home and the local tax rate set for Independence County. When a property’s market value changes, the assessed value can change too, which affects the final bill. For a home with a median value of $49,250, even small shifts in assessment can make a noticeable difference in what a homeowner owes.
The amount due can vary widely from one property to another. In Oil Trough, the tax bill at the 25th percentile is $82, while the 75th percentile reaches $496 and the 90th percentile climbs to $869. The median tax bill in the area is $214, which is far below the national median property tax bill of $2,400 and also below the national median property tax rate of 1.02%.
For homeowners, this means property taxes are closely tied to both home value and local assessment practices, and changes in either can affect annual costs.
Median Oil Trough Tax Bill
$214
Median Independence County Tax Bill
$416
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Oil Trough, Independence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72564 | $62 | $82 | $214 | $496 | $869 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 17 |
Links | |
|---|---|
| Independence Tax Assessor | |
| Website | www.actdatascout.com |