Osceola, Mississippi County, Arkansas Property Taxes
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
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.92%
Estimate Property Tax Bill
$603
$560
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.
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%
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
0.84%
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
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
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