Ozone, Newton County, Arkansas Property Taxes
Property Taxes in Ozone, Arkansas
Median Ozone, Arkansas effective property tax rate: 0.60%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median Ozone, Arkansas home value: $82,050
Median annual Ozone, Arkansas tax bill: $480, lower than the national median property tax bill of $2,400.
How are property taxes in Newton calculated?
Property taxes in Ozone, 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 Ozone's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ozone, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Ozone, Newton County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.6%
Estimate Property Tax Bill
$492
$457
How Does the Ozone Property Tax Calculator Work?
Use this Ozone property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Ozone's median effective tax rate of 0.60% — based on actual property records in Newton 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 Ozone'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 Ozone: rates range from local differences in school district levies and assessment districts, which can change your final tax bill even when property values are similar.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Ozone.
About Ozone Property Taxes
About Property Taxes in Ozone, Newton, Arkansas
Ozone’s median effective property tax rate of 0.60% is lower than the Arkansas state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Newton 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 Ozone. Homeowners in different parts of the city may face different tax burdens depending on how school district boundaries and local assessment districts are drawn across Newton County. Understanding where your home sits can make a meaningful difference to your annual tax bill.
Ozone homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before August 17, 2026.
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 Ozone, Newton 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 Ozone's effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas 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 OzoneTax Rate
0.60%
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 NewtonCounty Tax Rate
0.58%
Median Effective ArkansasTax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ozone, Newton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72854 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Ozone, Newton County, Arkansas
When examining property taxes in Ozone, 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 Newton 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:
In Newton County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of May.
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 Ozone.
For example, the median home price in Ozone is $82,050, with tax bills ranging significantly across the county. The median tax bill is $480, compared with the national median property tax bill of $2,400.
Property Tax Assessment Values Across Ozone, Newton County, Arkansas
Source: Ownwell
$65,900
$77,650
$89,400
Median Ozone Market Value
$82,050
Median Newton County Market Value
$78,825
Median Arkansas Market Value
$118,750
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ozone, Newton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72854 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Ozone, Newton County, Arkansas
How are property tax bills calculated in Ozone?
Property tax bills in Ozone are based on a home’s assessed value, which is determined by local taxing authorities and used to calculate what a homeowner owes. The amount is influenced by the property’s market value, the assessment ratio applied, and the tax rates set by the county and other local jurisdictions. When those rates are applied to the assessed value, the result is the annual tax bill.
For homeowners, this means a higher assessed value can lead to a larger bill, even if the home has not been sold. In Ozone, the median home price is $82,050, and property tax bills can vary widely depending on the property and its location within Newton County. The 25th percentile tax bill is $102, while the 75th percentile is $699 and the 90th percentile reaches $1,572. Compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400, many homeowners in the area may see lower bills, but the final amount still depends on how the property is assessed.
Median Ozone Tax Bill
$480
Median Newton County Tax Bill
$353
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Ozone, Newton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72854 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 17 |
Links | |
|---|---|
| Newton Tax Assessor | |
| Website | www.arcountydata.com |