Keo, Lonoke County, Arkansas Property Taxes

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

Median KEO, AR effective property tax rate: 1.08%, slightly higher than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median KEO, AR home value: $43,650
Median annual KEO, AR tax bill: $451, $1,949 lower than the national median property tax bill of $2,400.

How are property taxes in Lonoke calculated?

Property taxes in KEO, 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 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 March 1, 2025

Keo, Lonoke County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.08%

Estimate Property Tax Bill

$471

$437

Ownwell’s KEO Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in KEO with just two data points. By entering your property's estimated assessed value, our calculator applies KEO’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 Keo, Lonoke County, Arkansas

Local government entities determine tax rates, leading to significant variations within a state. Each year, counties estimate the budget needed to provide essential services and divide this by the total assessed value of all taxable properties within their jurisdiction. This calculation establishes the property tax rate. Although votes and legislation influence these decisions, this process encapsulates the annual routine.

In KEO, located in Lonoke County, Arkansas, the property tax rate reflects this intricate process. When compared to other cities in Arkansas and the national median, KEO's effective property tax rate provides an interesting perspective. Arkansas's median property tax rate is slightly above the national median, highlighting the state's approach to funding local services.

Understanding how KEO's rate aligns with or diverges from these medians can offer valuable insights into the local real estate market and community funding priorities. Comparing KEO's property tax rate to the state's median and the national average provides a clearer picture of the financial landscape for property owners in the area.

Property Tax Rates Across Keo, 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 Keo Tax Rate

1.08%

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 Keo, Lonoke County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72083	0.87%	1.08%	1.08%	1.08%	1.08%

Source: Ownwell

Property Tax Assessment Values Across Keo, Lonoke County, Arkansas

When examining property taxes in KEO, AR, 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.

In Lonoke County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 $43,650, with tax bills ranging significantly across the county. Zip code 72083 has the highest median home price at $43,650.

Property Tax Assessment Values Across Keo, Lonoke County, Arkansas

Source: Ownwell

$43,650

$94,013

$144,375

Median Keo Market Value

$43,650

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 Keo, Lonoke County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72083	$12,055	$28,938	$43,650	$87,125	$171,165

Source: Ownwell

Property Tax Bills Across Keo, Lonoke County, Arkansas

In KEO, located in Lonoke County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The median home price in KEO is $43,650, and with property tax rates varying, the tax bill can range significantly. At the 25th percentile, homeowners might pay around $293, while at the 75th percentile, the bill could rise to $1,011. For those at the 90th percentile, the tax bill can reach up to $1,860. These figures show how property taxes can impact homeowners differently, depending on the assessed value of their property. While the highest and lowest median tax bills in the area are both $451, this is considerably lower than the national median property tax bill of $2,400. Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By analyzing property assessments and identifying potential savings, Ownwell can help homeowners reduce their property tax bills, ensuring they pay no more than necessary.

Property Tax Bills Across Keo, Lonoke County, Arkansas

Source: Ownwell

$451

$931

$1,411

Median Keo Tax Bill

$451

Median Lonoke County Tax Bill

$1,186

Median Arkansas Tax Bill

$877

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	$113	$293	$451	$1,011	$1,860

Source: Ownwell