Osceola, Mississippi County, Arkansas Property Taxes

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

Median Osceola, AR effective property tax rate: 0.92%, slightly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Osceola, AR home value: $65,545
Median annual Osceola, AR tax bill: $594, $1,806 lower than the national median property tax bill of $2,400.

How are property taxes in Mississippi County calculated?

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

Last Updated March 1, 2025

Osceola, Mississippi County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.92%

Estimate Property Tax Bill

$603

$560

Ownwell’s Osceola Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Osceola with just two data points. By entering your property's estimated assessed value, our calculator applies Osceola’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 Osceola, Mississippi County, Arkansas

Local government entities in Arkansas set property tax rates, which can vary widely within the state. This variance is due to each county's annual process of estimating its required budget to provide services and dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Osceola, located in Mississippi County, the effective property tax rate stands out when compared to other cities in Arkansas. The median property tax rate in Arkansas is slightly below the national median, offering a more affordable option for homeowners. This makes Arkansas an attractive state for property owners looking to reduce their tax burden.

By understanding how these rates are determined and how they compare to national figures, property owners can make more informed decisions about their investments. Whether you're considering a move or simply evaluating your current property tax situation, knowing where your city stands can provide valuable insights.

Property Tax Rates Across Osceola, 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 Osceola Tax Rate

0.92%

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 Osceola, Mississippi County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72370	0.59%	0.76%	0.92%	1.10%	1.10%

Source: Ownwell

Property Tax Assessment Values Across Osceola, Mississippi County, Arkansas

When examining property taxes in Osceola, 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 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 Mississippi 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 Osceola. For example, the median home price in Osceola is $65,545, with tax bills ranging significantly across the county. Zip code 72370 has the highest median home price at $65,545.

Property Tax Assessment Values Across Osceola, Mississippi County, Arkansas

Source: Ownwell

$28,060

$119,774

$211,488

Median Osceola Market Value

$65,545

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 Osceola, Mississippi County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72370	$17,624	$36,572	$65,545	$101,869	$149,439

Source: Ownwell

Property Tax Bills Across Osceola, Mississippi County, Arkansas

In Osceola, Mississippi County, AR, property tax bills are primarily determined by the assessed value of a home, which is a percentage of its market value. Local tax rates are then applied to this assessed value to calculate the annual tax bill. The median home price in the area is $65,545, and property tax bills can vary significantly. For example, the 25th percentile tax bill is $294, while the 75th percentile reaches $921, and the 90th percentile can be as high as $1,410. These figures illustrate the range of property tax liabilities homeowners might face. Compared to the national median property tax bill of $2,400, Osceola's rates offer some relief, but they can still be a burden for many. Ownwell can assist homeowners by reviewing their property assessments to ensure accuracy and filing appeals if necessary. By leveraging their expertise, homeowners can potentially reduce their tax liabilities, ensuring they only pay their fair share.

Property Tax Bills Across Osceola, Mississippi County, Arkansas

Source: Ownwell

$240

$899

$1,557

Median Osceola Tax Bill

$594

Median Mississippi County Tax Bill

$527

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Osceola, Mississippi County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72370	$125	$294	$594	$921	$1,410

Source: Ownwell