Forrest City, Lee County, Arkansas Property Taxes

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

Median Forrest City, AR effective property tax rate: 0.67%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Forrest City, AR home value: $92,125
Median annual Forrest City, AR tax bill: $561, $1,839 lower than the national median property tax bill of $2,400.

How are property taxes in Lee calculated?

Property taxes in Forrest City, 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 Forrest City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Forrest City, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Forrest City, Lee County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.67%

Estimate Property Tax Bill

$617

$573

Ownwell’s Forrest City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Forrest City with just two data points. By entering your property's estimated assessed value, our calculator applies Forrest City’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 Lee County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Forrest City, Lee County, Arkansas

Local government entities in Forrest City determine tax rates, which can differ significantly across Arkansas. Each year, Lee County calculates its necessary budget to fund public services and divides this by the total value of all taxable properties within its borders. This process establishes the property tax rate. Although voting and legal frameworks play a role in setting these rates and budgets, this is the core of the annual procedure.

Forrest City’s effective property tax rate is lower than the national median property tax rate of 1.02%. This offers a financial advantage to property owners in the area, as they pay less in property taxes compared to many other regions across the country. The median property tax rate in Arkansas is also notably below the national average, reflecting a broader trend of lower property taxes within the state. By understanding these differences, property owners in Forrest City can appreciate the relative affordability of their tax obligations compared to the national landscape.

Property Tax Rates Across Forrest City, Lee County, Arkansas

Source: Ownwell

0.67%

0.72%

0.77%

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 Forrest City Tax Rate

0.67%

Median Effective Lee County Tax Rate

0.67%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Forrest City, Lee County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72335	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Forrest City, Lee County, Arkansas

When examining property taxes in Forrest City, AR, 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 Lee County Assessor's Office 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 Lee 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 Forrest City. For example, the median home price in Forrest City is $92,125, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Forrest City, Lee County, Arkansas

Source: Ownwell

$21,320

$46,348

$71,375

Median Forrest City Market Value

$92,125

Median Lee County Market Value

$41,075

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Forrest City, Lee County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72335	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Forrest City, Lee County, Arkansas

In Forrest City, located in Lee County, AR, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the home's market value, and the tax rate is determined by local government budgets and needs. In Forrest City, homeowners face a median property tax bill that is significantly lower than the national median of $2400, with the 25th percentile at $259 and the 75th percentile at $882. This difference highlights the relatively lower tax burden in the area.

Factors such as changes in the local economy, government budget requirements, and property improvements can influence tax bills. Homeowners may find their bills increasing if their property's market value rises or if local tax rates are adjusted.

Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By analyzing property assessments and identifying potential discrepancies, Ownwell helps ensure that homeowners are not overpaying their taxes, potentially saving them hundreds of dollars annually.

Property Tax Bills Across Forrest City, Lee County, Arkansas

Source: Ownwell

$168

$287

$406

Median Forrest City Tax Bill

$561

Median Lee County Tax Bill

$285

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Forrest City, Lee County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72335	N/A	N/A	N/A	N/A	N/A

Source: Ownwell