Yellville, Marion County, Arkansas Property Taxes
Median Yellville, AR effective property tax rate: 0.85%, slightly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Yellville, AR home value: $84,350
Median annual Yellville, AR tax bill: $653, $1,747 lower than the national median property tax bill of $2,400.
How are property taxes in Marion County calculated?
Property taxes in Yellville, 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 Yellville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Yellville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Yellville, Marion County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.85%
Estimate Property Tax Bill
$717
$665
Property Tax Rates Across Yellville, Marion County, Arkansas
Local government entities determine tax rates, which can vary significantly within a state. This is because each year, counties estimate the budget needed for public services and divide it by the total assessed value of all taxable property within their borders, resulting in the property tax rate. Although votes and legislation play a role in establishing these rates and budgets, this is the essential process followed annually.
In Yellville, located in Marion County, the effective property tax rate stands at 0.85%. This rate is consistent across the city and county, reflecting a uniform approach to property taxation within this area. When compared to the national median property tax rate of 1.02%, Yellville's rate is notably lower, providing residents with a relatively favorable tax environment. The median property tax bill in the U.S. is $2,400, suggesting that Yellville residents might benefit from lower property tax bills compared to the national average. Such differences highlight the importance of understanding local tax rates, as they can significantly impact financial planning and property ownership costs.
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 Yellville Tax Rate
0.85%
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 Yellville, Marion County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72687 | 0.53% | 0.69% | 0.85% | 0.92% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Yellville, Marion County, Arkansas
When examining property taxes in Yellville, 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 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 Yellville.
For example, the median home price in Yellville is $84,350, with tax bills ranging significantly across the county. Zip code 72687 has the highest median home price at $84,350.
Property Tax Assessment Values Across Yellville, Marion County, Arkansas
Source: Ownwell
$43,525
$118,475
$193,425
Median Yellville Market Value
$84,350
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 Yellville, Marion County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72687 | $17,050 | $40,600 | $84,350 | $139,400 | $216,530 |
Source: Ownwell
Property Tax Bills Across Yellville, Marion County, Arkansas
Median Yellville Tax Bill
$653
Median Marion County Tax Bill
$708
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Yellville, Marion County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72687 | $152 | $329 | $653 | $1,083 | $1,657 |
Source: Ownwell