Polk County, Arkansas Property Taxes

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

Median Polk County effective property tax rate: 0.42%, significantly lower than the national median of 1.02%.
Median Polk County home value: $91,300
Median annual Polk County tax bill: $350, $2,050 lower than the national median property tax bill of $2,400.

How are property taxes in Polk County calculated?

Property taxes in Polk County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Mena or another part of Polk County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Polk County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.42%

Estimate Property Tax Bill

$383

$356

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

Property Tax Rates Across Polk County, Arkansas

Local government entities set tax rates, which can vary widely within a state. 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 Polk County's effective property tax rate to other counties in Arkansas or the U.S. median property tax rate. Polk County stands out with a median property tax rate significantly lower than the national median of 1.02%. This lower rate can be attributed to the county's efficient budget management and valuation practices. In contrast, Gillham in Polk County has the highest median tax rate in the area, yet it remains below the national average. This highlights the diversity in tax rates even within a single county. Understanding these differences can be crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Polk County, Arkansas

Source: Ownwell

0.54%

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 Polk County Tax Rate

0.42%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Polk County, Arkansas

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Gillham	0.11%	0.25%	0.54%	0.74%	0.85%
Board Camp	N/A	N/A	N/A	N/A	N/A
Cove	N/A	N/A	N/A	N/A	N/A
Grannis	N/A	N/A	N/A	N/A	N/A
Hatfield	N/A	N/A	N/A	N/A	N/A
Mena	N/A	N/A	N/A	N/A	N/A
Vandervoort	N/A	N/A	N/A	N/A	N/A
Wickes	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Polk County, Arkansas

When examining property taxes in Polk County, 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 Polk 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.

Assessment notices:

In Polk 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 Polk County.

For example, the median tax bill in Polk County is $263, with tax bills ranging significantly across the county. Gillham has the highest median home price at $55,225.

Property Tax Assessment Values Across Polk County, Arkansas

Source: Ownwell

$55,225

Median Polk County Market Value

$91,300

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Polk County, Arkansas

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Gillham	$14,950	$27,950	$55,225	$103,662	$136,650
Board Camp	N/A	N/A	N/A	N/A	N/A
Cove	N/A	N/A	N/A	N/A	N/A
Grannis	N/A	N/A	N/A	N/A	N/A
Hatfield	N/A	N/A	N/A	N/A	N/A
Mena	N/A	N/A	N/A	N/A	N/A
Vandervoort	N/A	N/A	N/A	N/A	N/A
Wickes	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Polk County, Arkansas

In Polk County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county applies its tax rate to this assessed value to determine the annual tax bill. With a median home price of $91,300, homeowners can expect varying tax bills depending on their property's assessed value. For instance, the tax bill at the 25th percentile is $135, while at the 75th percentile, it rises to $692. The 90th percentile tax bill reaches $1,125, highlighting the range of tax burdens within the county.

The highest and lowest median tax bill in Polk County is $263, as seen in the city of Gillham. Compared to the national median property tax bill of $2,400, Polk County residents generally face lower property tax bills, offering a more affordable living situation. However, these taxes still significantly impact homeowners' finances, influencing decisions on homeownership and property improvements. Understanding these factors helps homeowners plan their budgets and anticipate future financial obligations.

Property Tax Bills Across Polk County, Arkansas

Source: Ownwell

$263

Median Polk County Tax Bill

$350

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Polk County, Arkansas

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Gillham	$51	$128	$263	$355	$573
Board Camp	N/A	N/A	N/A	N/A	N/A
Cove	N/A	N/A	N/A	N/A	N/A
Grannis	N/A	N/A	N/A	N/A	N/A
Hatfield	N/A	N/A	N/A	N/A	N/A
Mena	N/A	N/A	N/A	N/A	N/A
Vandervoort	N/A	N/A	N/A	N/A	N/A
Wickes	N/A	N/A	N/A	N/A	N/A

Source: Ownwell