Price Place, Marion County, Arkansas Property Taxes

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

Median PRICE PLACE, AR effective property tax rate: 0.73%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median PRICE PLACE, AR home value: $145,500
Median annual PRICE PLACE, AR tax bill: $1031, $1369 lower than the national median property tax bill of $2,400.

How are property taxes in Marion calculated?

Property taxes in PRICE PLACE, 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 PRICE PLACE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in PRICE PLACE, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Price Place, Marion County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.73%

Estimate Property Tax Bill

$1,062

$986

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

Property Tax Rates Across Price Place, 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. Below, you can compare PRICE PLACE’s effective property tax rate to other cities in AR and the median property tax rates in AR and the U.S.

Property Tax Rates Across Price Place, Marion County, Arkansas

Source: Ownwell

0.64%

0.81%

0.98%

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 Price Place Tax Rate

0.73%

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 Price Place, Marion County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72661	0.43%	0.61%	0.73%	0.82%	0.82%

Source: Ownwell

Property Tax Assessment Values Across Price Place, Marion County, Arkansas

When examining property taxes in Price Place, 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 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 Price Place. For example, the median home price in Price Place is $145,500, with tax bills ranging significantly across the county. Zip code 72661 has the highest median home price at $145,500.

Property Tax Assessment Values Across Price Place, Marion County, Arkansas

Source: Ownwell

$43,525

$118,475

$193,425

Median Price Place Market Value

$145,500

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 Price Place, Marion County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72661	$78,360	$100,850	$145,500	$252,500	$317,850

Source: Ownwell

Property Tax Bills Across Price Place, Marion County, Arkansas

In PRICE PLACE, located in Marion County, AR, property tax bills are determined by applying the local tax rate to the assessed value of a property. The assessed value is a percentage of the market value, which is influenced by factors such as property size, location, and improvements. With a median home price of $145,500, homeowners in PRICE PLACE face a range of property tax bills. The 25th percentile tax bill is $648, while the 75th percentile reaches $1,610. At the 90th percentile, tax bills can be as high as $2,308, reflecting the variability in property values and tax rates within the area. Comparatively, the national median property tax bill is $2,400. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By analyzing property assessments and ensuring they reflect true market conditions, Ownwell helps clients reduce their tax burden, ensuring they pay only their fair share. This service is invaluable for homeowners looking to manage expenses in PRICE PLACE.

Property Tax Bills Across Price Place, Marion County, Arkansas

Source: Ownwell

$374

$807

$1,240

Median Price Place Tax Bill

$1,031

Median Marion County Tax Bill

$708

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Price Place, Marion County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72661	$485	$648	$1,031	$1,610	$2,308

Source: Ownwell