Smackover, Ouachita County, Arkansas Property Taxes
Median Smackover, AR effective property tax rate: 0.99%, slightly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Smackover, AR home value: $58,550
Median annual Smackover, AR tax bill: $493, $1,907 lower than the national median property tax bill of $2,400.
How are property taxes in Ouachita County calculated?
Property taxes in Smackover, 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 Smackover’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Smackover, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Smackover, Ouachita County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.99%
Estimate Property Tax Bill
$610
$566
Property Tax Rates Across Smackover, Ouachita County, Arkansas
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 Smackover Tax Rate
0.99%
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 Ouachita County Tax Rate
0.85%
Median Effective Arkansas Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Smackover, Ouachita County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71762 | 0.21% | 0.56% | 0.99% | 0.99% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Smackover, Ouachita County, Arkansas
When examining property taxes in Smackover, 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 Ouachita County Assessor's Office 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 Ouachita 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 Smackover. For example, the median home price in Smackover is $58,550, with tax bills ranging significantly across the county. Zip code 71762 has the highest median home price at $58,550.
Property Tax Assessment Values Across Smackover, Ouachita County, Arkansas
Source: Ownwell
$15,050
$38,313
$61,575
Median Smackover Market Value
$61,575
Median Ouachita County Market Value
$39,400
Median Arkansas Market Value
$118,750
Median United States Market Value
$235,294
Property Tax Assessment Values Across Smackover, Ouachita County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71762 | $13,300 | $32,550 | $61,575 | $100,475 | $129,490 |
Source: Ownwell
Property Tax Bills Across Smackover, Ouachita County, Arkansas
In Smackover, located in Ouachita County, Arkansas, property tax bills are determined by assessing the property's market value and applying the local tax rate. With a median home price of $58,550, homeowners in this area face property tax bills that can vary significantly. The 25th percentile tax bill is $242, while at the 75th percentile, it climbs to $861. At the 90th percentile, it reaches $1,059, which is still below the national median property tax bill of $2,400. These variations in tax bills are influenced by factors such as property size, location, and improvements. Homeowners may find these tax obligations burdensome, particularly when compared to the national median property tax rate of 1.02%.
Ownwell offers a valuable service by helping homeowners in Smackover navigate the complexities of property tax appeals and exemptions. By leveraging their expertise, homeowners can potentially lower their tax bills, ensuring they are not overpaying. This service can provide significant savings, offering peace of mind and financial relief to property owners.
Median Smackover Tax Bill
$496
Median Ouachita County Tax Bill
$260
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Smackover, Ouachita County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 71762 | $120 | $252 | $496 | $820 | $1,041 |
Source: Ownwell