Cabot, Lonoke County, Arkansas Property Taxes
Median Cabot, AR effective property tax rate: 1.02%, aligning with the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Cabot, AR home value: $144,375
Median annual Cabot, AR tax bill: $1,411, $989 lower than the national median property tax bill of $2,400.
How are property taxes in Lonoke calculated?
Property taxes in Cabot, 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 Cabot’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cabot, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cabot, Lonoke County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.02%
Estimate Property Tax Bill
$1,473
$1,367
Property Tax Rates Across Cabot, Lonoke County, Arkansas
Local government entities determine property tax rates, which can differ significantly within a state. Each county calculates its required budget to fund public services and divides this by the total assessed value of all taxable properties within its area. This process establishes the property tax rate. Although setting these rates involves legislative actions and public votes, this is the fundamental method used annually.
Now, let's examine Cabot's effective property tax rate in Lonoke County, Arkansas, and how it compares to other cities in the state and the national median. Cabot's rate reflects the local government's budgetary needs and the assessed value of properties in the area. Understanding these rates is crucial in evaluating property tax bills and financial planning. Comparing Cabot's rate to the state and national figures can provide valuable insights for property owners. It highlights the impact of local government decisions on property taxes and helps property owners make informed decisions about property investments and financial planning.
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 Cabot Tax Rate
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 Lonoke County Tax Rate
1.01%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cabot, Lonoke County, Arkansas
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
72023 | 0.80% | 0.92% | 1.02% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Cabot, Lonoke County, Arkansas
When examining property taxes in Cabot, 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 Lonoke 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 Lonoke 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 Cabot.
For example, the median home price in Cabot is $144,375, with tax bills ranging significantly across the county. Zip code 72023 has the highest median home price at $144,375.
Property Tax Assessment Values Across Cabot, Lonoke County, Arkansas
Source: Ownwell

$43,650
$94,013
$144,375
Median Cabot Market Value
$144,375
Median Lonoke County Market Value
$119,600
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cabot, Lonoke County, Arkansas
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
72023 | $65,300 | $104,088 | $144,375 | $201,900 | $272,395 |
Source: Ownwell
Property Tax Bills Across Cabot, Lonoke County, Arkansas
Median Cabot Tax Bill
$1,411
Median Lonoke County Tax Bill
$1,186
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Cabot, Lonoke County, Arkansas
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
72023 | $626 | $1,014 | $1,411 | $1,959 | $2,605 |
Source: Ownwell