Flippin, Marion County, Arkansas Property Taxes
Median Flippin, Arkansas effective property tax rate: 0.87%, slightly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Flippin, Arkansas home value: $98,125
Median annual Flippin, Arkansas tax bill: $785, $1,615 lower than the national median property tax bill of $2,400.
How are property taxes in Marion County calculated?
Property taxes in Flippin, 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 Flippin’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Flippin, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Flippin, Marion County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.87%
Estimate Property Tax Bill
$854
$792
Property Tax Rates Across Flippin, Marion County, Arkansas
Local government entities set tax rates, which can vary widely within a state. This is 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.
Flippin in Marion County, Arkansas, exemplifies this process. With a median property tax rate of 0.87%, it stands below the national median of 1.02%. This lower rate can be attractive to property owners seeking to reduce their tax burden. However, it is essential to consider that while lower tax rates might seem beneficial, they can also reflect the level of services provided by the local government.
In comparison to other cities in Arkansas, Flippin maintains a consistent median tax rate, with no significant fluctuations within its zip code. This stability can be advantageous for homeowners planning long-term investments. Understanding these nuances can help property owners make informed decisions about their investments and potential savings.
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 Flippin Tax Rate
0.87%
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 Marion County Tax Rate
0.86%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Flippin, Marion County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72634 | 0.56% | 0.73% | 0.87% | 0.91% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Flippin, Marion County, Arkansas
When examining property taxes in Flippin, 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 Marion 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 Marion 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 Flippin. For example, the median home price in Flippin is $98,125, with tax bills ranging significantly across the county. 72634 has the highest median home price at $98,125.
Property Tax Assessment Values Across Flippin, Marion County, Arkansas
Source: Ownwell
$43,525
$118,475
$193,425
Median Flippin Market Value
$98,125
Median Marion County Market Value
$88,850
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Flippin, Marion County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72634 | $28,460 | $59,025 | $98,125 | $166,212 | $266,320 |
Source: Ownwell
Property Tax Bills Across Flippin, Marion County, Arkansas
Median Flippin Tax Bill
$785
Median Marion County Tax Bill
$708
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Flippin, Marion County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72634 | $240 | $462 | $785 | $1,292 | $2,096 |
Source: Ownwell