Biscoe, Prairie County, Arkansas Property Taxes
Median Biscoe, AR effective property tax rate: 0.88%, slightly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Biscoe, AR home value: $29,950
Median annual Biscoe, AR tax bill: $187, $2,213 lower than the national median property tax bill of $2,400.
How are property taxes in Prairie County calculated?
Property taxes in Biscoe, 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 Biscoe’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Biscoe, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Biscoe, Prairie County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.88%
Estimate Property Tax Bill
$265
$246
Property Tax Rates Across Biscoe, Prairie County, Arkansas
Local government entities set tax rates, which can vary significantly within a state. Each year, counties estimate their required budget to provide essential services and then divide that by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
In Biscoe, located in Prairie County, Arkansas, the effective property tax rate stands at 0.88%. This rate is notably below the national median property tax rate of 1.02%. When comparing property tax rates in Arkansas, Biscoe’s rate aligns with the highest and lowest median property tax rates in the state, both of which are also 0.88%. This reflects a consistency in property tax assessments across different regions within Arkansas.
Understanding how Biscoe's property tax rate measures up against other cities in Arkansas and the national average can offer valuable insights for property owners. It highlights potential savings and underscores the importance of property tax appeal and exemption services to ensure fair assessments and optimize property tax obligations.
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 Biscoe Tax Rate
0.88%
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 Prairie County Tax Rate
0.88%
Median Effective Arkansas Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Biscoe, Prairie County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72017 | 0.14% | 0.42% | 0.88% | 0.92% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Biscoe, Prairie County, Arkansas
When examining property taxes in Biscoe, 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 Prairie 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 Prairie County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Biscoe.
For example, the median home price in Biscoe is $29,950, with tax bills ranging significantly across the county. The 72017 zip code has the highest median home price at $29,950.
Property Tax Assessment Values Across Biscoe, Prairie County, Arkansas
Source: Ownwell
$22,450
$81,950
$141,450
Median Biscoe Market Value
$30,150
Median Prairie County Market Value
$51,850
Median Arkansas Market Value
$118,750
Median United States Market Value
$235,294
Property Tax Assessment Values Across Biscoe, Prairie County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72017 | $4,180 | $14,125 | $30,150 | $61,775 | $96,690 |
Source: Ownwell
Property Tax Bills Across Biscoe, Prairie County, Arkansas
Median Biscoe Tax Bill
$181
Median Prairie County Tax Bill
$312
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Biscoe, Prairie County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72017 | $23 | $67 | $181 | $378 | $750 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
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| Appeal Deadline | August 17 |
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