Wilmar, Lincoln County, Arkansas Property Taxes

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

Median Wilmar, AR effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Wilmar, AR home value: $34,200
Median annual Wilmar, AR tax bill: $157, $2,243 lower than the national median property tax bill of $2,400.

How are property taxes in Lincoln County calculated?

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

Last Updated March 1, 2025

Wilmar, Lincoln County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.83%

Estimate Property Tax Bill

$284

$263

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

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

Local government entities set property tax rates, which can vary widely within a state. This is because each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Wilmar, located in Lincoln County, Arkansas, the effective property tax rate is 0.83%. This is below the national median property tax rate of 1.02%, making it more affordable compared to many areas across the country. Residents of Wilmar benefit from a lower tax burden while still receiving essential services funded by these taxes. When comparing Wilmar's rate to other cities in Arkansas, it aligns with the state's median, indicating a consistent approach to property taxation within the region. By understanding these rates, property owners in Wilmar can make informed decisions about their investments and manage their expenses effectively.

Property Tax Rates Across Wilmar, Lincoln County, Arkansas

Source: Ownwell

0.72%

0.87%

1.02%

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 Wilmar Tax Rate

0.83%

Median Effective Lincoln County Tax Rate

0.86%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Wilmar, Lincoln County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
71675	0.12%	0.23%	0.83%	0.92%	0.92%

Source: Ownwell

Property Tax Assessment Values Across Wilmar, Lincoln County, Arkansas

When examining property taxes in Wilmar, 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 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 Lincoln 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 Wilmar. For example, the median home price in Wilmar is $34,200, with tax bills ranging significantly across the county. 71675 has the highest median home price at $34,200.

Property Tax Assessment Values Across Wilmar, Lincoln County, Arkansas

Source: Ownwell

$26,675

$44,838

$63,000

Median Wilmar Market Value

$34,200

Median Lincoln County Market Value

$43,150

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Wilmar, Lincoln County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
71675	$12,560	$17,100	$34,200	$63,650	$153,380

Source: Ownwell

Property Tax Bills Across Wilmar, Lincoln County, Arkansas

In Wilmar, AR, property tax bills are calculated based on the assessed value of your home, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine your annual tax bill. Factors such as the market value of similar homes in the area and any applicable exemptions are considered in this process. Homeowners in Wilmar face a median property tax bill significantly lower than the national median of $2,400. The 25th percentile tax bill is $115, while the 75th percentile reaches $433, showing a range of property tax burdens in the area. The highest median tax bill in Lincoln County is $157, which is substantially below the national average. For homeowners seeking to reduce their property tax expenses, Ownwell provides expert property tax appeal services. By evaluating your property's assessed value and identifying potential discrepancies, Ownwell can help you secure a fairer tax bill, ensuring you pay no more than necessary.

Property Tax Bills Across Wilmar, Lincoln County, Arkansas

Source: Ownwell

$157

$291

$425

Median Wilmar Tax Bill

$157

Median Lincoln County Tax Bill

$302

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Wilmar, Lincoln County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
71675	$19	$115	$157	$433	$1,386

Source: Ownwell