Lexa, Lee County, Arkansas Property Taxes

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

Median Lexa, AR effective property tax rate: 0.77%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Lexa, AR home value: $25,850
Median annual Lexa, AR tax bill: $185, $2,215 lower than the national median property tax bill of $2,400.

How are property taxes in Lee County calculated?

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

Last Updated March 1, 2025

Lexa, Lee County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.77%

Estimate Property Tax Bill

$199

$185

Ownwell’s Lexa Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lexa with just two data points. By entering your property's estimated assessed value, our calculator applies Lexa’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 Lexa, Lee County, Arkansas

Local government entities set tax rates, and these can vary significantly within Arkansas. This variation occurs because each county annually calculates its required budget for services and divides that by the total value of all taxable property in its area, determining the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the process followed each year.

In Lexa, located in Lee County, the effective property tax rate is a key figure for homeowners to consider. When comparing this rate to other cities in Arkansas, it's noteworthy that Lexa's rate is consistent with the county's median tax rate. This offers a unique perspective on property taxes in the area, especially when contrasted with the national median property tax rate of 1.02% and the national median property tax bill of $2,400. Understanding these rates helps property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Lexa, 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 Lexa Tax Rate

0.77%

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 Lexa, Lee County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72355	0.64%	0.67%	0.77%	0.77%	0.77%

Source: Ownwell

Property Tax Assessment Values Across Lexa, Lee County, Arkansas

When examining property taxes in Lexa, 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.

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 Lexa. For example, the median home price in Lexa is $25,850, with tax bills ranging significantly across the county. Zip code 72355 has the highest median home price at $25,850.

Property Tax Assessment Values Across Lexa, Lee County, Arkansas

Source: Ownwell

$21,320

$46,348

$71,375

Median Lexa Market Value

$25,850

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 Lexa, Lee County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72355	$4,500	$11,925	$25,850	$50,975	$87,320

Source: Ownwell

Property Tax Bills Across Lexa, Lee County, Arkansas

In Lexa, located in Lee County, Arkansas, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, and in this region, the property tax rate is relatively low compared to the national median of 1.02%. Homeowners in Lexa experience a range of tax bills. The 25th percentile tax bill is $88, while the 75th percentile reaches $377, and the 90th percentile climbs to $599. The highest and lowest median tax bills both stand at $185, which is significantly below the national median property tax bill of $2,400. These figures show that while property taxes in Lexa are modest, there is still potential for savings. Ownwell offers expertise in property tax appeals and exemptions, assisting homeowners in reducing their tax liabilities. By analyzing individual property assessments and ensuring accurate valuations, Ownwell can help homeowners in Lexa lower their property tax bills, providing financial relief and peace of mind.

Property Tax Bills Across Lexa, Lee County, Arkansas

Source: Ownwell

$168

$287

$406

Median Lexa Tax Bill

$185

Median Lee County Tax Bill

$285

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Lexa, Lee County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72355	$34	$88	$185	$377	$599

Source: Ownwell