Crumrod, Phillips County, Arkansas Property Taxes

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

Median Crumrod, Arkansas effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Crumrod, Arkansas home value: $101,550
Median annual Crumrod, Arkansas tax bill: $888, $1,512 lower than the national median property tax bill of $2,400.

How are property taxes in Phillips County calculated?

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

Last Updated March 1, 2025

Crumrod, Phillips County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.87%

Estimate Property Tax Bill

$883

$820

Ownwell’s Crumrod Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Crumrod with just two data points. By entering your property's estimated assessed value, our calculator applies Crumrod’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Phillips 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 Phillips County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Crumrod, Phillips County, Arkansas

Local government entities are responsible for setting tax rates, resulting in significant variations within a state. Each year, counties estimate their budgetary needs to fund services and divide this by the total value of all taxable property in their area, determining the property tax rate. While voting and legislation play roles in setting these rates and budgets, this is the essence of the annual process.

In Crumrod, located in Phillips County, property tax rates reflect these local calculations. The effective property tax rate here can be compared to other cities in Arkansas and the median property tax rates across the state and the nation. Arkansas has a median property tax rate of 0.87%, which is below the national median of 1.02%. This lower rate may appeal to property owners seeking more affordable tax obligations. By understanding these local and state tax dynamics, property owners can better navigate their tax responsibilities and potentially find opportunities for savings.

Property Tax Rates Across Crumrod, Phillips County, Arkansas

Source: Ownwell

0.79%

1.00%

1.21%

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 Crumrod Tax Rate

0.87%

Median Effective Phillips County Tax Rate

0.97%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Crumrod, Phillips County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72328	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Crumrod, Phillips County, Arkansas

When examining property taxes in Crumrod, 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 Phillips 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 Phillips 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 Crumrod. For example, the median home price in Crumrod is $101,550, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Crumrod, Phillips County, Arkansas

Source: Ownwell

$27,675

$36,913

$46,150

Median Crumrod Market Value

$101,550

Median Phillips County Market Value

$31,950

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Crumrod, Phillips County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72328	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Crumrod, Phillips County, Arkansas

In Crumrod, Arkansas, property tax bills are calculated based on the assessed value of a home, which is a percentage of the home's market value. With a median home price of $101,550, homeowners in Phillips County can expect a property tax bill around $888, placing it below the national median of $2,400. This lower tax bill is due to the relatively low property tax rate in the area compared to the national median of 1.02%. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. For homeowners, these taxes can be a significant financial consideration, especially if the assessment does not accurately reflect the property's true market value. This is where Ownwell can make a difference. Our property tax consulting services help homeowners appeal inaccurate assessments and identify potential exemptions, ensuring they pay only their fair share. By leveraging our expertise, homeowners in Crumrod can potentially reduce their property tax bills, resulting in substantial savings.

Property Tax Bills Across Crumrod, Phillips County, Arkansas

Source: Ownwell

$240

$339

$437

Median Crumrod Tax Bill

$888

Median Phillips County Tax Bill

$283

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Crumrod, Phillips County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72328	N/A	N/A	N/A	N/A	N/A

Source: Ownwell