Price Place, Marion County, Arkansas Property Taxes
Property Taxes in Price Place, Arkansas
Median Price Place, Arkansas effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median Price Place, Arkansas home value: $145,500
Median annual Price Place, Arkansas tax bill: $987, lower than the national median property tax bill of $2,400.
How are property taxes in Marion calculated?
Property taxes in Price Place, 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 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 April 13, 2026
Price Place, Marion County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.79%
Estimate Property Tax Bill
$1,149
$1,067
How Does the Price Place Property Tax Calculator Work?
Use this Price Place property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Price Place's median effective tax rate of 0.79% — based on actual property records in Marion 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 Price Place'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 Price Place: rates range from 0.79% in 72661 to 0.79% in 72661, 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 Price Place.
About Price Place Property Taxes
About Property Taxes in Price Place, Marion, Arkansas
Price Place’s median effective property tax rate of 0.79% is lower than the Arkansas state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Marion 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 Price Place. Homeowners in the 72661 ZIP code carry a median effective rate of 0.79%, while those in the same ZIP code also pay 0.79%. This reflects how school district boundaries and local assessment districts are drawn across Marion County. Understanding which part of Price Place you live in can make a meaningful difference to your annual tax bill.
Price Place homeowners who believe their assessed value is too high can file a formal appeal with the local 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 Price Place, Marion 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 Price Place'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 Price Place Tax Rate
0.79%
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
0.91%
Median Effective Arkansas Tax Rate
0.81%
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% | 0.54% | 0.79% | 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. Marion County 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 Marion County, assessment notices are sent in July each year. They'll typically reach your mailbox by the middle of July.
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. For Price Place, the median home price is $145,500, and the median tax bill is $987, well below the national median property tax bill of $2,400.
Property Tax Assessment Values Across Price Place, Marion County, Arkansas
Source: Ownwell
$43,750
$94,625
$145,500
Median Price Place Market Value
$145,500
Median Marion County Market Value
$90,800
Median Arkansas Market Value
$118,750
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 | $77,880 | $97,200 | $145,500 | $228,700 | $310,790 |
Source: Ownwell
Property Tax Bills Across Price Place, Marion County, Arkansas
Price Place property tax bills are calculated using the assessed value of a home and the local tax rate set by Marion County and other taxing authorities. The bill is based on the market value of the property, which is then assessed for taxation, and that assessed value is multiplied by the applicable rate to determine what a homeowner owes.
For a home with a median market value of $145,500, property taxes can vary widely depending on location and local levies. In this area, the 25th percentile tax bill is $624, while the 75th percentile is $1,637 and the 90th percentile reaches $2,046. The median tax bill is $987, which is well below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%.
These differences matter because even similar homes can face very different tax bills. Homeowners with higher assessed values or properties in areas with higher local rates generally pay more, making property taxes an important part of overall housing costs.
Median Price Place Tax Bill
$987
Median Marion County Tax Bill
$733
Median Arkansas Tax Bill
$870
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 | $524 | $624 | $987 | $1,637 | $2,046 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 17 |
Links | |
|---|---|
| Marion Tax Assessor | |
| Website | www.actdatascout.com |