Oark, Madison County, Arkansas Property Taxes
Property Taxes in Oark, Arkansas
Median Oark, Arkansas effective property tax rate: 0.27%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median Oark, Arkansas home value: $201,000
Median annual Oark, Arkansas tax bill: $292, lower by $2,108 than the national median property tax bill of $2,400.
How are property taxes in Madison calculated?
Property taxes in Oark, 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 Oark's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Oark, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Oark, Madison County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.27%
Estimate Property Tax Bill
$543
$504
How Does the Oark Property Tax Calculator Work?
Use this Oark property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Oark's median effective tax rate of 0.27% — based on actual property records in Madison 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 Oark'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 Oark: rates range from the lowest to the highest, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Oark.
About Oark Property Taxes
About Property Taxes in Oark, Madison, Arkansas
Oark’s median effective property tax rate of 0.27% is lower than the Arkansas state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Madison 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 Oark. Homeowners in one part of the area may pay more or less depending on how school district boundaries and local assessment districts are drawn across Madison County. Understanding where your home sits can make a meaningful difference to your annual tax bill.
Oark homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before August 17, 2026.
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 Oark, Madison 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 Oark'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 Oark Tax Rate
0.27%
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 Madison County Tax Rate
0.46%
Median Effective Arkansas Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Oark, Madison County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72852 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Oark, Madison County, Arkansas
When examining property taxes in Oark, 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 Madison 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 Madison County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of May.
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 Oark.
For example, the median home price in Oark is $201,000, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Oark, Madison County, Arkansas
Source: Ownwell
$236,750
$236,750
$236,750
Median Oark Market Value
$201,000
Median Madison County Market Value
$136,150
Median Arkansas Market Value
$118,750
Median United States Market Value
$235,294
Property Tax Assessment Values Across Oark, Madison County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72852 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Oark, Madison County, Arkansas
How Are Property Tax Bills Calculated in Oark?
Property tax bills in Oark are based on the assessed value of a home, which is then multiplied by the local tax rate set for Madison County and other local taxing authorities. The assessed value is tied to the market value of the property, so changes in home values can directly affect what homeowners owe. A higher assessed value usually means a higher tax bill, while a lower assessed value can reduce it.
What factors are considered in the calculation? Home size, location, condition, and recent market activity all play a role in determining assessed value. Local budgets and tax rates also influence the final bill, which means two similar homes can still receive different property tax amounts.
For homeowners, these bills can vary widely. In Oark, the 25th percentile tax bill is $159, the 75th percentile is $868, and the 90th percentile is $1,213, showing how much property taxes can differ from one home to another.
Median Oark Tax Bill
$292
Median Madison County Tax Bill
$496
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Oark, Madison County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72852 | 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 | |
|---|---|
| Madison Tax Assessor | |
| Website | www.actdatascout.com |