Lockesburg, Little River County, Arkansas Property Taxes

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

Median Lockesburg, AR effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Lockesburg, AR home value: $36,650
Median annual Lockesburg, AR tax bill: $270, $2,130 lower than the national median property tax bill of $2,400.

How are property taxes in Little River County calculated?

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

Last Updated March 1, 2025

Lockesburg, Little River County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.76%

Estimate Property Tax Bill

$279

$258

Ownwell’s Lockesburg Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lockesburg with just two data points. By entering your property's estimated assessed value, our calculator applies Lockesburg’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 Little River County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lockesburg, Little River County, Arkansas

Local government entities set tax rates, which can vary widely within a state. The reason for this variance is that each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play roles in setting tax rates and budgets, this is essentially the annual process.

Lockesburg in Little River County, Arkansas, exemplifies this process. The effective property tax rate in Lockesburg is notably lower than the national median property tax rate of 1.02%. This lower rate is reflective of Arkansas's overall lower property tax rates compared to many other states. The median property tax rate in Arkansas is 0.76%, which is below the national average, offering a more affordable tax environment for property owners. This makes Lockesburg and similar areas attractive for those looking to minimize their property tax burden. Comparing Lockesburg’s effective property tax rate to other cities in Arkansas and the broader U.S. median property tax rates highlights the potential savings for property owners in this region.

Property Tax Rates Across Lockesburg, Little River County, Arkansas

Source: Ownwell

0.52%

0.72%

0.91%

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 Lockesburg Tax Rate

0.76%

Median Effective Little River County Tax Rate

0.55%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lockesburg, Little River County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
71846	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Lockesburg, Little River County, Arkansas

When examining property taxes in Lockesburg, 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 Little River 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 Little River 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 Lockesburg.

For example, the median home price in Lockesburg is $36,650, with tax bills ranging significantly across the county. 71846 has the highest median home price at $36,650.

Property Tax Assessment Values Across Lockesburg, Little River County, Arkansas

Source: Ownwell

$29,750

$51,313

$72,875

Median Lockesburg Market Value

$36,650

Median Little River County Market Value

$68,475

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lockesburg, Little River County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
71846	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Lockesburg, Little River County, Arkansas

In Lockesburg, located in Little River County, Arkansas, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For homeowners in Lockesburg, the median home price is $36,650. Property tax bills can vary significantly, with the 25th percentile at $210 and the 75th percentile at $330, reflecting different assessed values and applicable tax rates. This range indicates how local tax rates and home values influence the final tax bill, which can be a significant expense for homeowners. With the national median property tax bill at $2,400, Lockesburg homeowners generally face lower tax bills, yet every dollar saved is crucial. Ownwell offers valuable assistance by reviewing property assessments and identifying potential inaccuracies or opportunities for tax exemptions. By appealing assessments and securing eligible exemptions, Ownwell can help homeowners reduce their property tax bills, ensuring they only pay their fair share. This service can provide significant savings and financial relief for Lockesburg residents.

Property Tax Bills Across Lockesburg, Little River County, Arkansas

Source: Ownwell

$147

$318

$489

Median Lockesburg Tax Bill

$270

Median Little River County Tax Bill

$326

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Lockesburg, Little River County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
71846	N/A	N/A	N/A	N/A	N/A

Source: Ownwell