Oark, Johnson County, Arkansas Property Taxes
Median Oark, AR effective property tax rate: 0.94%, significantly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Oark, AR home value: $45,700
Median annual Oark, AR tax bill: $300, $2,100 lower than the national median property tax bill of $2,400.
How are property taxes in Johnson County calculated?
Property taxes in Oark, 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 Oark’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Oark, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Oark, Johnson County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.94%
Estimate Property Tax Bill
$430
$399
Property Tax Rates Across Oark, Johnson County, Arkansas
Local government entities in Arkansas set property tax rates, which can vary significantly within the state. Each year, counties like Johnson estimate their required budget to provide essential services. This budget is then divided by the total value of all taxable property within the county's jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the basic annual process.
In Oark, located in Johnson County, the effective property tax rate is 0.94%, aligning with the highest and lowest median tax rates in Arkansas, as seen in the 72852 zip code. This rate is slightly below the national median property tax rate of 1.02%. When compared to the national median property tax bill of $2,400, property owners in Oark benefit from relatively lower tax burdens. Understanding these rates and how they compare both statewide and nationally can help property owners make informed decisions about appeals and exemptions, ultimately ensuring they are not overpaying on their property taxes.
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 Oark Tax Rate
0.94%
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 Johnson County Tax Rate
0.75%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Oark, Johnson County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72852 | 0.17% | 0.47% | 0.94% | 0.94% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Oark, Johnson County, Arkansas
When examining property taxes in Oark, 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 Johnson 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 Johnson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Oark. For example, the median home price in Oark is $45,700, with tax bills ranging significantly across the county. 72852 has the highest median home price at $45,700.
Property Tax Assessment Values Across Oark, Johnson County, Arkansas
Source: Ownwell
$45,700
$67,875
$90,050
Median Oark Market Value
$45,700
Median Johnson County Market Value
$80,100
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Oark, Johnson County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72852 | $10,950 | $20,525 | $45,700 | $75,425 | $118,975 |
Source: Ownwell
Property Tax Bills Across Oark, Johnson County, Arkansas
Median Oark Tax Bill
$300
Median Johnson County Tax Bill
$542
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Oark, Johnson County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72852 | $49 | $136 | $300 | $462 | $792 |
Source: Ownwell