Forrest City, Lee County, Arkansas Property Taxes
Property Taxes in Forrest City, Arkansas
Median Forrest City, Arkansas effective property tax rate: 0.67%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median Forrest City, Arkansas home value: $77,800
Median annual Forrest City, Arkansas tax bill: $524, lower by $1,876 than the national median property tax bill of $2,400.
How are property taxes in Lee calculated?
Property taxes in Forrest City, 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 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 April 13, 2026
Forrest City, Lee County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.67%
Estimate Property Tax Bill
$521
$484
How Does the Forrest City Property Tax Calculator Work?
Use this Forrest City property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Forrest City's median effective tax rate of 0.67% — based on actual property records in Lee 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. Our calculator applies Forrest City'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 Forrest City: rates range by local taxing areas, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Forrest City.
Forrest City’s median property tax bill is $524, which is lower than the $2,400 national median property tax bill and lower than the 0.81% Arkansas median tax rate.
About Forrest City Property Taxes
About Property Taxes in Forrest City, Lee, Arkansas
Forrest City's median effective property tax rate of 0.67% is lower than the Arkansas state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Lee 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 Forrest City. Homeowners in the highest ZIP code carry a median effective rate of 0.67%, while those in the lowest ZIP code pay 0.67%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Lee County. Understanding which part of Forrest City you live in can make a meaningful difference to your annual tax bill.
Forrest City 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 Forrest City, Lee 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 Forrest City’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.
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%
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 Lee County Tax Rate
0.67%
Median Effective Arkansas Tax Rate
0.81%
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, 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 Lee 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.
Assessment notices:
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 $77,800, with tax bills ranging significantly across the county. has the highest median home price at $.
Property Tax Assessment Values Across Forrest City, Lee County, Arkansas
Source: Ownwell
$22,685
$47,030
$71,375
Median Forrest City Market Value
$77,800
Median Lee County Market Value
$41,150
Median Arkansas Market Value
$118,750
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
How are property tax bills calculated in Forrest City?
Property tax bills in Forrest City are based on the assessed value of a home, which is then multiplied by the local tax rate set by taxing authorities. That means the final bill depends on both the market value of the property and the rates applied by the county, city, and other local jurisdictions. For homeowners, a higher assessed value usually leads to a higher tax bill, while a lower assessed value can reduce what is owed.
What factors affect the amount homeowners pay? The size, location, and condition of the home can influence its assessed value, and changes in local tax rates can also affect the total bill. In Lee County, the median home price is $77,800, while the 25th percentile tax bill is $251, the 75th percentile tax bill is $725, and the 90th percentile tax bill is $1,662. These figures show how property tax costs can vary widely from one homeowner to another.
Median Forrest City Tax Bill
$524
Median Lee County Tax Bill
$287
Median Arkansas Tax Bill
$870
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
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 17 |
Links | |
|---|---|
| Lee Tax Assessor | |
| Website | www.arcountydata.com |