Hazen, Prairie County, Arkansas Property Taxes
Median Hazen, AR effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Hazen, AR home value: $60,250
Median annual Hazen, AR tax bill: $381, $2,019 lower than the national median property tax bill of $2,400.
How are property taxes in Prairie County calculated?
Property taxes in Hazen, 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 Hazen’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hazen, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hazen, Prairie County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.72%
Estimate Property Tax Bill
$434
$403
Property Tax Rates Across Hazen, Prairie County, Arkansas
Local government entities determine tax rates, which can vary significantly within a state. 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.
In Hazen, located in Prairie County, Arkansas, the effective property tax rate stands at 0.72%, which is below the national median property tax rate of 1.02%. This lower rate can be attributed to the county's specific budgeting needs and the value of taxable properties within its jurisdiction. Compared to other cities in Arkansas, Hazen's property tax rate aligns with the state's median, offering residents a relatively affordable tax environment. Understanding these rates helps property owners make informed decisions about potential savings through tax appeals and exemptions. By keeping an eye on these trends, homeowners can better manage their expenses and potentially reduce their tax burden.
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 Hazen Tax Rate
0.72%
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
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hazen, Prairie County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72064 | 0.17% | 0.37% | 0.72% | 0.98% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Hazen, Prairie County, Arkansas
When examining property taxes in Hazen, 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 Assessor 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 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 Hazen. For example, the median home price in Hazen is $60,250, with tax bills ranging significantly across the county. Zip code 72064 has the highest median home price at $60,250.
Property Tax Assessment Values Across Hazen, Prairie County, Arkansas
Source: Ownwell
$22,000
$71,100
$120,200
Median Hazen Market Value
$60,250
Median Prairie County Market Value
$51,500
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hazen, Prairie County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72064 | $15,980 | $35,925 | $60,250 | $94,100 | $145,780 |
Source: Ownwell
Property Tax Bills Across Hazen, Prairie County, Arkansas
Median Hazen Tax Bill
$381
Median Prairie County Tax Bill
$335
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Hazen, Prairie County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72064 | $73 | $169 | $381 | $657 | $1,128 |
Source: Ownwell