Mayflower, Pulaski County, Arkansas Property Taxes
Median Mayflower, AR effective property tax rate: 0.69%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Mayflower, AR home value: $222,260
Median annual Mayflower, AR tax bill: $1,382, $1,018 lower than the national median property tax bill of $2,400.
How are property taxes in Pulaski County calculated?
Property taxes in Mayflower, 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 Mayflower’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mayflower, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mayflower, Pulaski County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.69%
Estimate Property Tax Bill
$1,534
$1,423
Property Tax Rates Across Mayflower, Pulaski 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 Mayflower's effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.
Mayflower, located in Faulkner County, Arkansas, presents a distinct property tax landscape. The city's effective property tax rate stands at 0.69%, which aligns with the state median. This rate is notably lower than the national median property tax rate of 1.02%. In comparison to other cities within Arkansas, Mayflower's property tax rate is reflective of the state's overall trend of maintaining lower property tax rates. This provides an attractive proposition for property owners seeking affordability. The lower tax burden in Mayflower can be a significant factor for potential homeowners and investors looking for cost-effective property ownership in Arkansas.
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 Mayflower Tax Rate
0.69%
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 Pulaski County Tax Rate
1.04%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mayflower, Pulaski County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72106 | 0.53% | 0.62% | 0.69% | 0.79% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Mayflower, Pulaski County, Arkansas
When examining property taxes in Mayflower, 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 Pulaski 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.
In Pulaski 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 Mayflower. For example, the median home price in Mayflower is $222,260, with tax bills ranging significantly across the county. Zip code 72106 has the highest median home price at $222,260.
Property Tax Assessment Values Across Mayflower, Pulaski County, Arkansas
Source: Ownwell
$7,850
$191,235
$374,620
Median Mayflower Market Value
$222,260
Median Pulaski County Market Value
$148,242
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mayflower, Pulaski County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72106 | $36,571 | $77,765 | $222,260 | $321,698 | $376,146 |
Source: Ownwell
Property Tax Bills Across Mayflower, Pulaski County, Arkansas
Median Mayflower Tax Bill
$1,382
Median Pulaski County Tax Bill
$1,457
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Mayflower, Pulaski County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72106 | $351 | $708 | $1,382 | $2,217 | $2,637 |
Source: Ownwell