Oil Trough, Jackson County, Arkansas Property Taxes
Median Oil Trough, AR effective property tax rate: 0.32%, significantly lower than the national median of 1.02%, but also lower than the Arkansas state median of 0.84%.
Median Oil Trough, AR home value: $37,250
Median annual Oil Trough, AR tax bill: $121, $2,279 lower than the national median property tax bill of $2,400.
How are property taxes in Jackson County calculated?
Property taxes in Oil Trough, 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 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 March 1, 2025
Oil Trough, Jackson County, Arkansas Property Tax Bill Calculator
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Median Effective Tax Rate
2%
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Property Tax Rates Across Oil Trough, Jackson 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 Jackson County Tax Rate
0.59%
Median Effective Arkansas Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Oil Trough, Jackson County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Oil Trough, Jackson 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 Jackson County Assessor’s Office 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 Jackson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Oil Trough. For example, the median home price in Oil Trough is $37,250, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Oil Trough, Jackson County, Arkansas
Source: Ownwell
$30,850
$52,325
$73,800
Median Jackson County Market Value
$69,600
Median Arkansas Market Value
$118,750
Median United States Market Value
$235,294
Property Tax Assessment Values Across Oil Trough, Jackson County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Oil Trough, Jackson County, Arkansas
In Oil Trough, AR, property tax bills are calculated based on the assessed value of a home rather than its market value. The assessed value is a percentage of the home's market value, which is determined by the county assessor. In Jackson County, where Oil Trough is located, the median property tax bill is significantly lower than the national median, with amounts such as $121 being common across various percentiles. This low tax bill can be attributed to the relatively modest median home price of $37,250 in the area.
Homeowners in Oil Trough can benefit from appealing their property tax assessments if they believe their home's assessed value is higher than its actual market value. This is where Ownwell comes in. By leveraging their expertise in property tax appeals, Ownwell can help homeowners navigate the complexities of the appeals process, potentially reducing their property tax bills. By ensuring that homes are assessed fairly, Ownwell aids in alleviating the financial burden on homeowners, allowing them to save money that can be better spent elsewhere.
Median Jackson County Tax Bill
$322
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Oil Trough, Jackson County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell