Hoxie, Lawrence County, Arkansas Property Taxes
Median Hoxie, AR effective property tax rate: 0.66%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Hoxie, AR home value: $70,622
Median annual Hoxie, AR tax bill: $431, $1,969 lower than the national median property tax bill of $2,400.
How are property taxes in Lawrence calculated?
Property taxes in Hoxie, 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 Hoxie’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hoxie, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hoxie, Lawrence County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.66%
Estimate Property Tax Bill
$466
$433
Ownwell’s Hoxie Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hoxie with just two data points.
By entering your property's estimated assessed value, our calculator applies Hoxie’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 Hoxie, Lawrence County, Arkansas
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Hoxie’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.
In Hoxie, located in Lawrence County, the effective property tax rate stands at 0.66%, which is below the national median of 1.02%. This makes Hoxie an attractive option for property owners looking to save on taxes. Compared to other cities in Arkansas, Hoxie's rate is competitive, offering potential savings for homeowners. The national median property tax bill is $2,400, making Hoxie's lower rate a significant advantage for those seeking affordability. Hoxie's tax rate reflects the county's careful budget planning and efficient allocation of resources, ensuring essential services are funded without overburdening taxpayers.
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 Hoxie Tax Rate
0.66%
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 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 Hoxie, Lawrence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72433 | 0.46% | 0.58% | 0.66% | 0.71% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Hoxie, Lawrence County, Arkansas
When examining property taxes in Hoxie, 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 Assessor 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 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 Hoxie. For example, the median home price in Hoxie is $70,622, with tax bills ranging significantly across the county. Zip code 72433 has the highest median home price at $70,622.
Property Tax Assessment Values Across Hoxie, Lawrence County, Arkansas
Source: Ownwell
$37,178
$67,033
$96,888
Median Hoxie Market Value
$70,622
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 Hoxie, Lawrence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72433 | $30,218 | $47,366 | $70,622 | $103,275 | $155,483 |
Source: Ownwell
Property Tax Bills Across Hoxie, Lawrence County, Arkansas
Median Hoxie Tax Bill
$431
Median Lawrence County Tax Bill
$469
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Hoxie, Lawrence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72433 | $187 | $301 | $431 | $638 | $988 |
Source: Ownwell