Driver, Mississippi County, Arkansas Property Taxes

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

Median DRIVER, AR effective property tax rate: 0.69%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median DRIVER, AR home value: $57,485
Median annual DRIVER, AR tax bill: $396, $2,004 lower than the national median property tax bill of $2,400.

How are property taxes in Mississippi County calculated?

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

Last Updated March 1, 2025

Driver, Mississippi County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.69%

Estimate Property Tax Bill

$397

$368

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

Property Tax Rates Across Driver, Mississippi County, Arkansas

Local government entities set tax rates, which can vary widely within a state. In DRIVER, Mississippi County, Arkansas, the property tax rate is determined by estimating the county’s required budget to provide services and dividing 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 DRIVER’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.

Property Tax Rates Across Driver, Mississippi County, Arkansas

Source: Ownwell

0.61%

0.81%

1.01%

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 Driver Tax Rate

0.69%

Median Effective Mississippi County Tax Rate

0.86%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Driver, Mississippi County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72329	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Driver, Mississippi County, Arkansas

When examining property taxes in Driver, 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.

In Mississippi 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 Driver.

For example, the median home price in Driver is $57,485, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Driver, Mississippi County, Arkansas

Source: Ownwell

$28,060

$119,774

$211,488

Median Driver Market Value

$57,485

Median Mississippi County Market Value

$66,110

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Driver, Mississippi County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72329	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Driver, Mississippi County, Arkansas

In Driver, located in Mississippi County, Arkansas, property tax bills are calculated based on the assessed value of a home, which is a fraction of its market value. The assessment ratio in Arkansas is 20% of the market value, meaning a home valued at $57,485 would have an assessed value of $11,497. The property tax rate is then applied to this assessed value to determine the tax bill. In Driver, the median property tax bill is notably lower than the national median of $2,400, with figures ranging from $396 at the 25th percentile to $473 at the 90th percentile. These lower tax bills can be attributed to the state's relatively low property tax rates compared to the national average of 1.02%. Homeowners in Driver can benefit from Ownwell's expertise in property tax appeals and exemptions. By analyzing property assessments and identifying potential discrepancies, Ownwell helps homeowners ensure their tax bills are fair and accurate, potentially leading to significant savings.

Property Tax Bills Across Driver, Mississippi County, Arkansas

Source: Ownwell

$240

$899

$1,557

Median Driver Tax Bill

$396

Median Mississippi County Tax Bill

$527

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Driver, Mississippi County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72329	N/A	N/A	N/A	N/A	N/A

Source: Ownwell