Smithville, Lawrence County, Arkansas Property Taxes
Property Taxes in Smithville, Arkansas
Median Smithville, Arkansas effective property tax rate: 0.41%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median Smithville, Arkansas home value: $84,080
Median annual Smithville, Arkansas tax bill: $297, $2,103 lower than the national median property tax bill of $2,400.
How are property taxes in Lawrence calculated?
Property taxes in Smithville, Arkansas 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 Smithville's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Smithville, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Smithville, Lawrence County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.41%
Estimate Property Tax Bill
$345
$320
How Does the Smithville Property Tax Calculator Work?
Use this Smithville property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and the calculator applies Smithville's median effective tax rate of 0.41% — based on actual property records in Lawrence County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. The calculator applies Smithville's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Smithville: rates differ across local districts, primarily due to differences in school district levies and local assessment districts. Smithville's median property tax bill of $297 is lower than the state median tax rate of 0.81% and far below the national median property tax rate of 1.02% and national median property tax bill of $2,400.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Smithville.
About Smithville Property Taxes
About Property Taxes in Smithville, Lawrence, Arkansas
Smithville's median effective property tax rate of 0.41% is lower than the Arkansas state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Lawrence County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Smithville. Homeowners in the highest ZIP code carry a median effective rate of 0.41%, while those in the lowest ZIP code pay 0.41%. This spread reflects how school district boundaries and local assessment districts are drawn across Lawrence County. Understanding which part of Smithville you live in can make a meaningful difference to your annual tax bill.
Smithville homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the August 17, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Smithville, Lawrence County, Arkansas
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because 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 Smithville's effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.
Property Tax Rates Across Smithville, Lawrence County, Arkansas
Source: Ownwell
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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 Smithville Tax Rate
0.41%
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
0.46%
Median Effective Arkansas Tax Rate
0.81%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Smithville, Lawrence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72466 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Smithville, Lawrence County, Arkansas
When examining property taxes in Smithville, 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.
Assessment notices:
In Lawrence County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 Smithville.
For example, the median home price in Smithville is $84,080, with tax bills ranging significantly across the county. The median tax bill is $297, compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400.
Property Tax Assessment Values Across Smithville, Lawrence County, Arkansas
Source: Ownwell
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Median Smithville Market Value
$84,080
Median Lawrence County Market Value
$78,060
Median Arkansas Market Value
$118,750
Median United States Market Value
$274,101
Property Tax Assessment Values Across Smithville, Lawrence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72466 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Smithville, Lawrence County, Arkansas
How are property tax bills calculated in Smithville?
Property tax bills in Smithville are based on the assessed value of a home and the local tax rate set for Lawrence County and other taxing authorities. The assessed value is used to determine how much of the property’s market value is subject to taxation, and that amount is multiplied by the applicable tax rate to calculate the bill. Homeowners with higher assessed values generally pay more, while lower assessed values can lead to smaller bills.
What factors affect the tax bill?
Several factors can influence the final amount, including the home’s market value, assessment rules, exemptions, and any local levies added to the bill. In Smithville, the median home price is $84,080, and property tax bills vary widely across homeowners. The 25th percentile bill is $87, the 75th percentile is $614, and the 90th percentile reaches $989.
How does this affect homeowners?
These differences can have a meaningful impact on household budgets, especially when taxes rise faster than expected.
Median Smithville Tax Bill
$297
Median Lawrence County Tax Bill
$282
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$3,209
Property Tax Bills Across Smithville, Lawrence County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72466 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 17 |
Links | |
|---|---|
| Lawrence Tax Assessor | |
| Website | www.arcountydata.com |