Lambrook, Phillips County, Arkansas Property Taxes
Property Taxes in Lambrook, Arkansas
Median Lambrook, Arkansas effective property tax rate: 0.16%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median Lambrook, Arkansas home value: $145,100
Median annual Lambrook, Arkansas tax bill: $235, $2,165 lower than the national median property tax bill of $2,400.
How are property taxes in Phillips calculated?
Property taxes in Lambrook, 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 Lambrook's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lambrook, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Lambrook, Phillips County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.16%
Estimate Property Tax Bill
$232
$215
How Does the Lambrook Property Tax Calculator Work?
Use this Lambrook property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Lambrook's median effective tax rate of 0.16% — based on actual property records in Phillips 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 Lambrook'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 Lambrook: rates can differ across local taxing areas, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Lambrook.
About Lambrook Property Taxes
About Property Taxes in Lambrook, Phillips, Arkansas
Lambrook's median effective property tax rate of 0.16% is lower than the Arkansas state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Phillips 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 Lambrook. Homeowners in the highest ZIP code carry a median effective rate of 0.16%, while those in the lowest ZIP code pay 0.16%. This spread reflects how school district boundaries and local assessment districts are drawn across Phillips County. Understanding which part of Lambrook you live in can make a meaningful difference to your annual tax bill.
Lambrook 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 above 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 Lambrook, Phillips 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 Lambrook'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 Lambrook Tax Rate
0.16%
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 Phillips County Tax Rate
0.85%
Median Effective Arkansas Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lambrook, Phillips County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72353 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Lambrook, Phillips County, Arkansas
When examining property taxes in Lambrook, 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.
Assessment notices:
In Phillips County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 Lambrook.
For example, the median home price in Lambrook is $145,100, with tax bills ranging significantly across the county. The median tax bill is $235, which is well below the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.
Property Tax Assessment Values Across Lambrook, Phillips County, Arkansas
Source: Ownwell
$33,300
$36,575
$39,850
Median Lambrook Market Value
$145,100
Median Phillips County Market Value
$38,800
Median Arkansas Market Value
$118,750
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lambrook, Phillips County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72353 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Lambrook, Phillips County, Arkansas
How are property tax bills calculated in Lambrook?
Property tax bills in Lambrook are based on the assessed value of a home, not its market price. Local taxing authorities apply the property tax rate to that assessed value to determine the annual bill. For homeowners, this means the amount owed can change if the assessed value changes or if tax rates are adjusted.
What factors affect the bill? The main factors are the home’s assessed value, local tax rates, and any exemptions or special assessments that may apply. A higher assessed value generally leads to a higher bill, while exemptions can reduce what a homeowner owes.
For Lambrook homeowners, the typical property tax bill is $235, which is far below the national median property tax bill of $2400. That lower bill can help keep housing costs more manageable, but it still matters because property taxes are a recurring expense that can affect monthly budgeting and long-term affordability.
Median Lambrook Tax Bill
$235
Median Phillips County Tax Bill
$255
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Lambrook, Phillips County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72353 | 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 | |
|---|---|
| Phillips Tax Assessor | |
| Website | www.arcountydata.com |