Keo, Lonoke County, Arkansas Property Taxes
Property Taxes in Keo, Arkansas
Median Keo, Arkansas effective property tax rate: 0.89%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median Keo, Arkansas home value: $43,300
Median annual Keo, Arkansas tax bill: $289, lower than the national median property tax bill of $2,400.
How are property taxes in Lonoke calculated?
Property taxes in Keo, Arkansas 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 Keo's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Keo, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Keo, Lonoke County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.89%
Estimate Property Tax Bill
$385
$358
How Does the KEO Property Tax Calculator Work?
Use this KEO property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies KEO's median effective tax rate of 0.89% — based on actual property records in Lonoke County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies KEO's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within KEO: rates range from local differences in school district levies and assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across KEO.
About Keo Property Taxes
About Property Taxes in Keo, Lonoke, Arkansas
Keo's median effective property tax rate of 0.89% is lower than the Arkansas state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Lonoke County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Keo. Homeowners should also know that assessment and tax bills can vary based on location within the city, which can affect the amount due each year.
Keo homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the August 17, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Keo, Lonoke County, Arkansas
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Keo's effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.
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 Keo Tax Rate
0.89%
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
0.79%
Median Effective Arkansas Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Keo, Lonoke County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72083 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Keo, Lonoke County, Arkansas
When examining property taxes in Keo, 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 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.
Assessment notices:
In Lonoke County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 Keo.
For example, the median home price in Keo is $43,300, with tax bills ranging significantly across the county. The median property tax bill is $289, compared with the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.
Property Tax Assessment Values Across Keo, Lonoke County, Arkansas
Source: Ownwell
$36,600
$90,850
$145,100
Median Keo Market Value
$43,300
Median Lonoke County Market Value
$119,450
Median Arkansas Market Value
$118,750
Median United States Market Value
$235,294
Property Tax Assessment Values Across Keo, Lonoke County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72083 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Keo, Lonoke County, Arkansas
How are property tax bills calculated in KEO?
Property tax bills in KEO are based on the assessed value of a home and the local tax rate set for Lonoke County and other taxing authorities. The assessed value is determined from the property’s market value, then multiplied by the applicable tax rate to calculate the annual bill. For homeowners, this means a higher market value usually leads to a higher tax bill, while a lower assessed value can reduce what is owed.
In KEO, the median home price is $43,300, and property tax bills vary widely across homeowners. The 25th percentile tax bill is $59, while the 75th percentile is $717 and the 90th percentile reaches $1,520. Compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400, KEO homeowners often see lower bills, but the amount still depends on how the property is assessed and which local rates apply.
Median Keo Tax Bill
$289
Median Lonoke County Tax Bill
$854
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Keo, Lonoke County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72083 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 17 |
Links | |
|---|---|
| Lonoke Tax Assessor | |
| Website | www.arcountydata.com |