Grady, Lincoln County, Arkansas Property Taxes

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

Median Grady, AR effective property tax rate: 0.98%, slightly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Grady, AR home value: $30,350
Median annual Grady, AR tax bill: $194, $2,206 lower than the national median property tax bill of $2,400.

How are property taxes in Lincoln County calculated?

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

Last Updated March 1, 2025

Grady, Lincoln County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.98%

Estimate Property Tax Bill

$297

$276

Ownwell’s Grady Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Grady with just two data points.

By entering your property's estimated assessed value, our calculator applies Grady’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 Lincoln County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Grady, Lincoln County, Arkansas

Local government entities set tax rates, and these can vary significantly within a state. Each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This process determines the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the core of the annual process. Grady in Lincoln County, Arkansas, has an effective property tax rate that aligns with the state's median rate of 0.98%, which is slightly below the national median of 1.02%. This means property owners in Grady benefit from a property tax rate that is lower than the national average, potentially resulting in lower tax bills. However, it's important for property owners to remain informed and proactive in understanding their property assessments and any potential exemptions they may qualify for. By staying informed, property owners can ensure they are not overpaying and can take advantage of any available savings.

Property Tax Rates Across Grady, Lincoln County, Arkansas

Source: Ownwell

0.61%

0.79%

0.98%

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 Grady Tax Rate

0.98%

Median Effective Lincoln County Tax Rate

0.65%

Median Effective Arkansas Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Grady, Lincoln County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
71644	0.12%	0.13%	0.98%	1.10%	1.12%

Source: Ownwell

Property Tax Assessment Values Across Grady, Lincoln County, Arkansas

When examining property taxes in Grady, 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 Lincoln 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 Lincoln 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 Grady.

For example, the median home price in Grady is $30,350, with tax bills ranging significantly across the county. Zip code 71644 has the highest median home price at $30,350.

Property Tax Assessment Values Across Grady, Lincoln County, Arkansas

Source: Ownwell

$30,300

$47,075

$63,850

Median Grady Market Value

$30,300

Median Lincoln County Market Value

$43,650

Median Arkansas Market Value

$118,750

Median United States Market Value

$235,294

Property Tax Assessment Values Across Grady, Lincoln County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
71644	$6,250	$12,575	$30,300	$47,250	$85,100

Source: Ownwell

Property Tax Bills Across Grady, Lincoln County, Arkansas

In Grady, located in Lincoln County, AR, property tax bills are calculated based on the assessed value of a home. The median home price in the area is $30,350, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as the property's location and any applicable exemptions can influence the final amount. For homeowners in Grady, property tax bills can vary significantly, with the 25th percentile at $83 and the 75th percentile reaching $417. The highest median tax bill in the area is $194, which is significantly lower than the national median property tax bill of $2,400, reflecting the region's relatively low property tax burden. Despite this, homeowners can still benefit from ensuring their property is not over-assessed. Ownwell assists homeowners in Grady by reviewing their property assessments and identifying potential savings through appeals and exemptions, helping to ensure they are not overpaying on their property tax bills.

Property Tax Bills Across Grady, Lincoln County, Arkansas

Source: Ownwell

$116

$236

$356

Median Grady Tax Bill

$116

Median Lincoln County Tax Bill

$240

Median Arkansas Tax Bill

$870

Median United States Tax Bill

$2,400

Property Tax Bills Across Grady, Lincoln County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
71644	$23	$42	$116	$355	$711

Source: Ownwell

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