Gravelly, Scott County, Arkansas Property Taxes
Median Gravelly, Arkansas effective property tax rate: 0.77%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Gravelly, Arkansas home value: $44,200
Median annual Gravelly, Arkansas tax bill: $320, $2,080 lower than the national median property tax bill of $2,400.
How are property taxes in Scott County calculated?
Property taxes in Gravelly, 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 Gravelly’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gravelly, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gravelly, Scott County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.77%
Estimate Property Tax Bill
$340
$316
Property Tax Rates Across Gravelly, Scott County, 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 Gravelly Tax Rate
0.77%
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 Scott County Tax Rate
0.77%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gravelly, Scott County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72838 | 0.49% | 0.60% | 0.77% | 0.77% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Gravelly, Scott County, Arkansas
When examining property taxes in Gravelly, 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 Scott 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 Scott 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 Gravelly. For example, the median home price in Gravelly is $44,200, with tax bills ranging significantly across the county. Zip code 72838 has the highest median home price at $44,200.
Property Tax Assessment Values Across Gravelly, Scott County, Arkansas
Source: Ownwell
$31,450
$45,613
$59,775
Median Gravelly Market Value
$44,200
Median Scott County Market Value
$49,950
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gravelly, Scott County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72838 | $22,730 | $30,600 | $44,200 | $89,300 | $106,990 |
Source: Ownwell
Property Tax Bills Across Gravelly, Scott County, Arkansas
In Gravelly, Scott County, AR, property tax bills are calculated based on the assessed value of homes. Homeowners here face a median property tax bill of $320, which is significantly lower than the national median of $2,400. This is due to the relatively low median home price of $44,200 in the area. The tax bill can vary widely, with the 25th percentile paying around $164 and the 90th percentile reaching up to $807. Factors influencing these assessments include property size, location, and market conditions. For homeowners, these property taxes can impact monthly budgets and long-term financial planning.
Ownwell offers valuable assistance to homeowners looking to reduce their property tax bills. By leveraging expertise in property tax appeals and exemptions, Ownwell can identify potential savings and ensure homeowners are not overpaying. This service can be particularly beneficial in regions like Scott County, where even a small reduction in property taxes can lead to significant savings over time. Through personalized consultations and strategic appeals, Ownwell helps homeowners achieve fair tax assessments and financial peace of mind.
Median Gravelly Tax Bill
$320
Median Scott County Tax Bill
$385
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Gravelly, Scott County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72838 | $150 | $164 | $320 | $608 | $807 |
Source: Ownwell