Marianna, Lee County, Arkansas Property Taxes

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

Median Marianna, 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 Marianna, AR home value: $40,900
Median annual Marianna, AR tax bill: $284, $2,116 lower than the national median property tax bill of $2,400.

How are property taxes in Lee County calculated?

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

Last Updated March 1, 2025

Marianna, 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

$274

$254

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

Local government entities set tax rates, which can vary widely within a state. 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.

In Marianna, located in Lee County, Arkansas, the effective property tax rate stands at 0.67%. This rate is significantly lower than the national median property tax rate of 1.02%. This means that property owners in Marianna enjoy a relatively lower property tax burden compared to many other regions across the country.

While the tax rate in Marianna is consistent with the highest and lowest rates within the area, it is important for property owners to stay informed about any changes in local tax laws or budgets that may affect future rates. Understanding how these rates are set and how they compare nationally can empower property owners to make informed decisions about their investments.

Property Tax Rates Across Marianna, 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 Marianna 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 Marianna, Lee County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72360	0.60%	0.67%	0.67%	0.77%	0.77%

Source: Ownwell

Property Tax Assessment Values Across Marianna, Lee County, Arkansas

When examining property taxes in Marianna, 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 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 Lee 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 Marianna. For example, the median home price in Marianna is $40,900, with tax bills ranging significantly across the county. 72360 has the highest median home price at $40,900.

Property Tax Assessment Values Across Marianna, Lee County, Arkansas

Source: Ownwell

$21,320

$46,348

$71,375

Median Marianna Market Value

$40,900

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 Marianna, Lee County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72360	$6,730	$19,400	$40,900	$68,550	$115,600

Source: Ownwell

Property Tax Bills Across Marianna, Lee County, Arkansas

In Marianna, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. With a median home price of $40,900, property tax bills in the area can vary significantly. For instance, the 25th percentile tax bill is $142, while the 75th percentile reaches $482, and the 90th percentile climbs to $781. These figures reveal that Marianna's property tax bills are considerably lower than the national median property tax bill of $2,400. Factors such as property size, location, and improvements can influence the assessed value, directly impacting the tax bill. Homeowners may find these taxes burdensome, especially when unexpected increases occur. Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners potentially lower their tax bills. This assistance can lead to significant savings and reduce the financial strain on property owners in Marianna.

Property Tax Bills Across Marianna, Lee County, Arkansas

Source: Ownwell

$168

$287

$406

Median Marianna Tax Bill

$284

Median Lee County Tax Bill

$285

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Marianna, Lee County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72360	$52	$142	$284	$482	$781

Source: Ownwell