Marvell, Lee County, Arkansas Property Taxes

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

Median Marvell, Arkansas effective property tax rate: 0.65%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%. Median Marvell, Arkansas home value: $56,700. Median annual Marvell, Arkansas tax bill: $382, $2,018 lower than the national median property tax bill of $2,400.

How are property taxes in Lee County calculated?

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

Last Updated March 1, 2025

Marvell, Lee County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.65%

Estimate Property Tax Bill

$369

$342

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

Local government entities are responsible for setting property tax rates, leading to significant variations within a state. Each year, counties like Lee in Arkansas estimate their required budget for services and divide this by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the core of the annual process.

Marvell in Lee County, Arkansas, presents a unique case for property tax rates. The effective property tax rate here is notably lower than the national median of 1.02%. With Arkansas having a median property tax rate of 0.65%, Marvell's rate is reflective of the state's overall trend of maintaining lower property taxes compared to the national landscape. This makes it an attractive location for property owners seeking to minimize their tax burden. Comparing Marvell’s effective property tax rate to other cities in Arkansas and the median rates at both the state and national levels highlights the potential savings for property owners in this region.

Property Tax Rates Across Marvell, 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 Marvell Tax Rate

0.65%

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 Marvell, Lee County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72366	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Marvell, Lee County, Arkansas

When examining property taxes in Marvell, 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.

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 Marvell.

For example, the median home price in Marvell is $56,700, with tax bills ranging significantly across the county. The tax bill at the 25th percentile is $225, while at the 90th percentile, it reaches $1,228, illustrating the variance in property tax liabilities.

Property Tax Assessment Values Across Marvell, Lee County, Arkansas

Source: Ownwell

$21,320

$46,348

$71,375

Median Marvell Market Value

$56,700

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 Marvell, Lee County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72366	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Marvell, Lee County, Arkansas

In Marvell, property tax bills are determined by the assessed value of a home and the local tax rate. With a median home price of $56,700 in Lee County, the property tax burden can vary significantly. Homeowners in Marvell typically see tax bills ranging from $225 at the 25th percentile to $1,228 at the 90th percentile. The median tax bill is notably below the national median of $2,400, reflecting a more affordable tax environment. However, the impact on homeowners can still be significant, especially if the assessed value of their property is higher than expected or if they are at the upper end of the tax bill spectrum. Ownwell helps homeowners navigate this landscape by offering property tax appeal and exemption services. By reviewing property assessments and identifying potential errors or opportunities for exemptions, Ownwell can help reduce tax liabilities. This not only saves money but also ensures that homeowners are paying a fair amount, aligning their tax bill more closely with the true value of their property.

Property Tax Bills Across Marvell, Lee County, Arkansas

Source: Ownwell

$168

$287

$406

Median Marvell Tax Bill

$382

Median Lee County Tax Bill

$285

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Marvell, Lee County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72366	N/A	N/A	N/A	N/A	N/A

Source: Ownwell