Alicia, Lawrence County, Arkansas Property Taxes

Name: Property Tax Bills Across Alicia, Lawrence County, Arkansas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Alicia, AR effective property tax rate: 0.69%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%. Median Alicia, AR home value: $59,200. Median annual Alicia, AR tax bill: $380, $2,020 lower than the national median property tax bill of $2,400. How are property taxes in Lawrence County calculated? Property taxes in Alicia, 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 Alicia’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Alicia, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Alicia, Lawrence County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.69%

Estimate Property Tax Bill

$408

$379

Ownwell’s Alicia Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Alicia with just two data points. By entering your property's estimated assessed value, our calculator applies Alicia’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Lawrence County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Alicia, Lawrence County, Arkansas

Local government entities are responsible for setting tax rates, which can vary significantly within Arkansas. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the core of the annual process.

In Alicia, located in Lawrence County, the effective property tax rate provides an interesting point of comparison to other cities in Arkansas, as well as the median property tax rates in the state and across the U.S. With a median property tax rate of 0.69%, Arkansas falls below the national median property tax rate of 1.02%. This means that homeowners in Alicia generally pay less in property taxes compared to the national average, making it an attractive location for those looking to reduce their tax burden. Understanding these variations in property tax rates can be crucial for homeowners and potential buyers when making informed decisions about property investments.

Property Tax Rates Across Alicia, Lawrence County, Arkansas

Source: Ownwell

0.49%

0.65%

0.81%

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 Alicia Tax Rate

0.69%

Median Effective Lawrence County Tax Rate

0.63%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Alicia, Lawrence County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72410	0.48%	0.59%	0.69%	0.76%	0.84%

Source: Ownwell

Property Tax Assessment Values Across Alicia, Lawrence County, Arkansas

When examining property taxes in Alicia, 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 Lawrence 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 Lawrence 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 Alicia. For example, the median home price in Alicia is $59,200, with tax bills ranging significantly across the county. Zip code 72410 has the highest median home price at $59,200.

Property Tax Assessment Values Across Alicia, Lawrence County, Arkansas

Source: Ownwell

$37,178

$67,033

$96,888

Median Alicia Market Value

$59,200

Median Lawrence County Market Value

$77,245

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Alicia, Lawrence County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72410	$17,742	$32,960	$59,200	$93,764	$136,467

Source: Ownwell

Property Tax Bills Across Alicia, Lawrence County, Arkansas

In Alicia, Arkansas, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Alicia is $59,200. Property taxes are determined by multiplying the assessed value by the local tax rate. Factors such as property location, size, and improvements can influence the assessed value. Homeowners in Alicia might pay a tax bill ranging from $209 at the 25th percentile to $1,011 at the 90th percentile, with a median bill of $380. This is significantly lower than the national median property tax bill of $2,400, offering some relief to local homeowners. However, even with relatively low tax bills, homeowners can benefit from ensuring their assessments are accurate. Ownwell assists by reviewing property assessments and identifying potential savings opportunities. By appealing incorrect assessments, Ownwell helps homeowners reduce their tax liabilities, ensuring they only pay their fair share. This service can lead to substantial savings, providing peace of mind to property owners.

Property Tax Bills Across Alicia, Lawrence County, Arkansas

Source: Ownwell

$242

$412

$581

Median Alicia Tax Bill

$380

Median Lawrence County Tax Bill

$469

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Alicia, Lawrence County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72410	$129	$209	$380	$594	$1,011

Source: Ownwell