Powhatan, Lawrence County, Arkansas Property Taxes
Median Powhatan, AR effective property tax rate: 0.74%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Powhatan, AR home value: $71,560
Median annual Powhatan, AR tax bill: $465, $1,935 lower than the national median property tax bill of $2,400.
How are property taxes in Lawrence calculated?
Property taxes in Powhatan, 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 Powhatan’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Powhatan, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Powhatan, Lawrence County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.74%
Estimate Property Tax Bill
$530
$491
Property Tax Rates Across Powhatan, Lawrence County, Arkansas
Local government entities set tax rates, which can vary widely within a state. 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 results in the property tax rate. Although votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Powhatan, located in Lawrence County, Arkansas, the effective property tax rate is a crucial figure for homeowners to consider. The median property tax rate in Arkansas is 0.74%, which is below the national median of 1.02%. This lower rate can result in significant savings for property owners compared to the national average. Powhatan shares this rate with other areas in Arkansas, making it an attractive location for those looking to minimize their property tax expenses. Comparing Powhatan’s effective property tax rate to other cities in Arkansas and the U.S. highlights its competitive advantage, offering residents the opportunity to enjoy lower property taxes while benefiting from the services funded by these 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 Powhatan Tax Rate
0.74%
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 Powhatan, Lawrence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72458 | 0.39% | 0.53% | 0.74% | 0.83% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Powhatan, Lawrence County, Arkansas
When examining property taxes in Powhatan, 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 Powhatan. For example, the median home price in Powhatan is $71,560, with tax bills ranging significantly across the county. Zip code 72458 has the highest median home price at $71,560.
Property Tax Assessment Values Across Powhatan, Lawrence County, Arkansas
Source: Ownwell
$37,178
$67,033
$96,888
Median Powhatan Market Value
$71,560
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 Powhatan, Lawrence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72458 | $18,105 | $40,542 | $71,560 | $112,835 | $169,305 |
Source: Ownwell
Property Tax Bills Across Powhatan, Lawrence County, Arkansas
Median Powhatan Tax Bill
$465
Median Lawrence County Tax Bill
$469
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Powhatan, Lawrence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72458 | $99 | $266 | $465 | $742 | $1,131 |
Source: Ownwell