Ratcliff, Logan County, Arkansas Property Taxes
Median Ratcliff, AR effective property tax rate: 0.88%, slightly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Ratcliff, AR home value: $65,650
Median annual Ratcliff, AR tax bill: $546, $1,854 lower than the national median property tax bill of $2,400.
How are property taxes in Logan County calculated?
Property taxes in Ratcliff, 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 Ratcliff’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ratcliff, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ratcliff, Logan County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.88%
Estimate Property Tax Bill
$593
$550
Property Tax Rates Across Ratcliff, Logan County, Arkansas
Local government entities are responsible for setting property tax rates, which can vary significantly within a state. Each county determines its required budget to provide essential services and divides this by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the basic annual process.
In Ratcliff, located in Logan County, Arkansas, the effective property tax rate is 0.88%. This rate is consistent with the highest and lowest median tax rates in the area, both recorded at the same percentage. Compared to the national median property tax rate of 1.02%, Ratcliff's rate is notably lower. This means that residents of Ratcliff benefit from a property tax rate that is below the national average, potentially leading to lower property tax bills compared to other regions. Understanding how these rates are determined and how they compare locally and nationally can help property owners make informed decisions about their investments.
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 Ratcliff Tax Rate
0.88%
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 Logan County Tax Rate
0.94%
Median Effective Arkansas Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ratcliff, Logan County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72951 | 0.70% | 0.87% | 0.88% | 0.91% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Ratcliff, Logan County, Arkansas
When examining property taxes in Ratcliff, 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 Logan 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.
Assessment notices:
In Logan 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 Ratcliff.
For example, the median home price in Ratcliff is $65,650, with tax bills ranging significantly across the county. Zip code 72951 has the highest median home price at $65,650.
Property Tax Assessment Values Across Ratcliff, Logan County, Arkansas
Source: Ownwell
$22,900
$54,388
$85,875
Median Ratcliff Market Value
$67,400
Median Logan County Market Value
$68,150
Median Arkansas Market Value
$118,750
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ratcliff, Logan County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72951 | $16,625 | $35,900 | $67,400 | $103,375 | $154,025 |
Source: Ownwell
Property Tax Bills Across Ratcliff, Logan County, Arkansas
Median Ratcliff Tax Bill
$566
Median Logan County Tax Bill
$609
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Ratcliff, Logan County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72951 | $163 | $310 | $566 | $933 | $1,338 |
Source: Ownwell