Calico Rock, Izard County, Arkansas Property Taxes
Median Calico Rock, AR effective property tax rate: 0.84%, significantly lower than the national median of 1.02%, and equal to the Arkansas state median of 0.84%.
Median Calico Rock, AR home value: $63,825
Median annual Calico Rock, AR tax bill: $456, $1,944 lower than the national median property tax bill of $2,400.
How are property taxes in Izard County calculated?
Property taxes in Calico Rock, 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 Calico Rock’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Calico Rock, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Calico Rock, Izard County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.84%
Estimate Property Tax Bill
$536
$498
Property Tax Rates Across Calico Rock, Izard County, Arkansas
Local government entities determine tax rates, and these can differ significantly across a state. Each county annually calculates its budgetary needs to fund services and divides this by the total assessed value of all taxable properties within its boundaries, resulting in the property tax rate. Although the setting of tax rates and budgets involves votes and legislative measures, this is essentially the yearly procedure.
Calico Rock in Izard County, Arkansas, has an effective property tax rate of 0.84%, which is notably lower than the national median property tax rate of 1.02%. This makes Calico Rock an attractive location for property owners looking for lower tax obligations. When comparing Calico Rock’s property tax rate to the state and national averages, it becomes evident that residents benefit from a more favorable tax environment. The consistent rate across the county further highlights this advantage.
Understanding these rates can help property owners make informed decisions about property investments and financial planning. With such a competitive tax rate, Calico Rock stands out as a financially appealing option for current and potential homeowners.
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 Calico Rock Tax Rate
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 Izard County Tax Rate
0.75%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Calico Rock, Izard County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72519 | 0.18% | 0.46% | 0.84% | 1.00% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Calico Rock, Izard County, Arkansas
When examining property taxes in Calico Rock, 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 Izard 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 Izard 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 Calico Rock.
For example, the median home price in Calico Rock is $63,825, with tax bills ranging significantly across the county. Zip code 72519 has the highest median home price at $63,825.
Property Tax Assessment Values Across Calico Rock, Izard County, Arkansas
Source: Ownwell
$24,500
$97,500
$170,500
Median Calico Rock Market Value
$63,825
Median Izard County Market Value
$60,000
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Calico Rock, Izard County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72519 | $16,000 | $36,600 | $63,825 | $115,312 | $171,900 |
Source: Ownwell
Property Tax Bills Across Calico Rock, Izard County, Arkansas
In Calico Rock, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. Homeowners in Izard County typically see a median property tax bill of $456. This is significantly lower than the national median property tax bill of $2400. For homeowners in Calico Rock, the tax bill can vary widely, with the 25th percentile paying around $185 and the 90th percentile reaching up to $1593. Factors such as property size, location, and improvements can influence the assessed value, thus affecting the tax bill.
Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By reviewing the assessed value and ensuring it's accurate, Ownwell can help identify potential savings. If the assessed value is higher than it should be, Ownwell can guide homeowners through the appeal process, potentially lowering their property tax bill and providing financial relief. This expertise can make a significant difference in reducing annual expenses for Calico Rock residents.
Median Calico Rock Tax Bill
$456
Median Izard County Tax Bill
$375
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Calico Rock, Izard County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72519 | $69 | $185 | $456 | $891 | $1,593 |
Source: Ownwell