Bassett, Mississippi County, Arkansas Property Taxes
Property Taxes in Bassett, Arkansas
Median Bassett, Arkansas effective property tax rate: 0.67%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median Bassett, Arkansas home value: $64,870
Median annual Bassett, Arkansas tax bill: $352, $2,048 lower than the national median property tax bill of $2,400.
How are property taxes in Mississippi calculated?
Property taxes in Bassett, 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 Bassett's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bassett, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Bassett, Mississippi County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.67%
Estimate Property Tax Bill
$435
$403
How Does the Bassett Property Tax Calculator Work?
Use this Bassett property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Bassett's median effective tax rate of 0.67% — based on actual property records in Mississippi 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 Bassett'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 Bassett: rates range from 0.67% in 72313 to 0.67% in 72313, 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 Bassett.
About Bassett Property Taxes
About Property Taxes in Bassett, Mississippi, Arkansas
Bassett’s median effective property tax rate of 0.67% is lower than the Arkansas state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Mississippi 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 Bassett. Homeowners in the 72313 ZIP code carry a median effective rate of 0.67%, while those in the same ZIP also pay 0.67%. This reflects how school district boundaries and local assessment districts are drawn across Mississippi County. Understanding where you live in Bassett can still help you better estimate your annual tax bill.
Bassett homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the August 17, 2026 deadline each year.
If your estimated bill 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 Bassett, Mississippi 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 Bassett's effective property tax rate to other cities in Mississippi and the median property tax rates in Mississippi 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 Bassett Tax Rate
0.67%
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 Mississippi County Tax Rate
0.86%
Median Effective Arkansas Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bassett, Mississippi County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72313 | 0.38% | 0.51% | 0.67% | 0.91% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Bassett, Mississippi County, Arkansas
When examining property taxes in Bassett, 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 Mississippi County assessor 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 are sent in the spring each year and typically reach your mailbox by the middle of the month. Each property owner receives a notice that contains both the market value and assessed value, along with an estimate of your property tax bill.
For example, the median home price in Bassett is $64,870, with tax bills ranging significantly across the county. ZIP code 72313 has the highest median home price at $64,870. Bassett’s median tax bill is $352, well below the national median property tax bill of $2,400 and far under the national median property tax rate of 1.02%.
Property Tax Assessment Values Across Bassett, Mississippi County, Arkansas
Source: Ownwell
$27,955
$120,750
$213,545
Median Bassett Market Value
$64,870
Median Mississippi County Market Value
$65,855
Median Arkansas Market Value
$118,750
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bassett, Mississippi County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72313 | $12,860 | $45,695 | $64,870 | $104,540 | $182,225 |
Source: Ownwell
Property Tax Bills Across Bassett, Mississippi County, Arkansas
Bassett property tax bills are based on the assessed value of a home and the local tax rate applied to that value. For homeowners in Bassett, the calculation starts with the market value of the property, which is then assessed for taxation. Local taxing authorities use that assessed value to determine the final bill, so changes in home value can directly affect what a homeowner owes.
With a median home price of $64,870, property taxes in Bassett can still vary widely from one home to another. The tax bill depends on factors such as the home’s assessed value and the tax rates set by local jurisdictions. The 25th percentile tax bill is $238, while the 75th percentile tax bill is $639, showing how bills can differ across properties.
For some homeowners, the tax burden can be much higher, with the 90th percentile tax bill reaching $1,602. In zip code 72313, the median tax bill is $352, which reflects how location within the city can influence property taxes and overall housing costs.
Median Bassett Tax Bill
$352
Median Mississippi County Tax Bill
$527
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Bassett, Mississippi County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72313 | $82 | $238 | $352 | $639 | $1,602 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 17 |
Links | |
|---|---|
| Mississippi Tax Assessor | |
| Website | www.arcountydata.com |