Cabot, Lonoke County, Arkansas Property Taxes

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

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

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.02%

Estimate Property Tax Bill

$1,473

$1,367

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

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.

Property Tax Rates Across Cabot, Lonoke County, Arkansas

Source: Ownwell

0.92%

1.04%

1.16%

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%

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

In Cabot, located in Lonoke County, AR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the market value of the property. The median home price in Cabot is $144,375, and the property tax bill varies across different percentiles. For instance, the tax bill at the 25th percentile is $1,014, while at the 75th percentile, it rises to $1,959, and at the 90th percentile, it reaches $2,605. The median property tax bill in Cabot is $1,411, which is below the national median of $2,400. Homeowners in Cabot may find their property tax bills significantly affect their overall housing costs. Ownwell can assist homeowners by reviewing their property assessments and identifying potential savings. Through a thorough appeal process, Ownwell helps ensure that homeowners are not overpaying on their property taxes, potentially lowering their annual tax bills and providing financial relief.

Property Tax Bills Across Cabot, Lonoke County, Arkansas

Source: Ownwell

$451

$931

$1,411

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