Mt Pleasant, Izard County, Arkansas Property Taxes
Median MT PLEASANT, AR effective property tax rate: 0.97%, slightly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median MT PLEASANT, AR home value: $24,500
Median annual MT PLEASANT, AR tax bill: $120, $2,280 lower than the national median property tax bill of $2,400.
How are property taxes in Izard County calculated?
Property taxes in MT PLEASANT, 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 MT PLEASANT’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in MT PLEASANT, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mt Pleasant, Izard County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.97%
Estimate Property Tax Bill
$238
$221
Property Tax Rates Across Mt Pleasant, Izard County, Arkansas
Local government entities are responsible for setting property tax rates, and these can vary significantly within Arkansas. Each year, counties estimate their necessary budgets to fund services and then divide this figure by the total value of all taxable properties in their jurisdiction. This process determines the property tax rate. Although the setting of tax rates and budgets involves laws and votes, this is essentially the annual procedure.
In Mt. Pleasant, located in Izard County, the effective property tax rate is 0.97%, which aligns with the highest and lowest rates in the state, both recorded in the 72561 zip code. This rate is slightly below the national median property tax rate of 1.02%. The median property tax bill in the area is also lower than the national median of $2,400, reflecting the generally lower property values in this region.
Comparing Mt. Pleasant’s effective property tax rate to other cities in Arkansas, it is evident that the rates are consistent, offering residents a predictable tax environment. This consistency can be beneficial for property owners when planning their finances.
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 Mt Pleasant Tax Rate
0.97%
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 Mt Pleasant, Izard County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72561 | 0.23% | 0.59% | 0.97% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Mt Pleasant, Izard County, Arkansas
When examining property taxes in MT PLEASANT, AR, 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 MT PLEASANT. For example, the median home price in MT PLEASANT is $24,500, with tax bills ranging significantly across the county. 72561 has the highest median home price at $24,500.
Property Tax Assessment Values Across Mt Pleasant, Izard County, Arkansas
Source: Ownwell
$24,500
$97,500
$170,500
Median Mt Pleasant Market Value
$24,500
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 Mt Pleasant, Izard County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72561 | $6,350 | $9,350 | $24,500 | $51,050 | $78,350 |
Source: Ownwell
Property Tax Bills Across Mt Pleasant, Izard County, Arkansas
Median Mt Pleasant Tax Bill
$120
Median Izard County Tax Bill
$375
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Mt Pleasant, Izard County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72561 | $32 | $69 | $120 | $295 | $915 |
Source: Ownwell