Property Taxes in Parks, Arkansas
Median Parks, Arkansas effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median Parks, Arkansas home value: $47,800
Median annual Parks, Arkansas tax bill: $175, $2,225 lower than the national median property tax bill of $2,400.
How are property taxes in Scott calculated?
Property taxes in Parks, 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 Parks's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Parks, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Parks Property Tax Calculator Work?
Use this Parks property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Parks's median effective tax rate of 0.76% — based on actual property records in Scott County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Parks's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Parks: rates range from 0.76% in 72482 to 0.76% in 72482, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Parks.
About Parks Property Taxes
About Property Taxes in Parks, Scott, Arkansas
Parks’s median effective property tax rate of 0.76% is lower than the Arkansas state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Scott County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Parks. Homeowners in different parts of the city can see different tax burdens because school district boundaries and local assessment districts are drawn across Scott County. Understanding where your home sits can make a meaningful difference to your annual tax bill.
Parks homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before August 17, 2026.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Parks, Scott County, Arkansas
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because 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 Parks's effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.
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 Parks Tax Rate
0.76%
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
0.73%
Median Effective Arkansas Tax Rate
0.81%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Parks, Scott County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72950 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Parks, Scott County, Arkansas
When examining property taxes in Parks, 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.
Assessment notices:
In Scott County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the spring.
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 Parks.
For example, the median home price in Parks is $47,800, with tax bills ranging significantly across the county. Parks has a median tax bill of $175, compared with the national median property tax bill of $2,400.
Median Parks Market Value
$47,800
Median Scott County Market Value
$50,650
Median Arkansas Market Value
$118,750
Median United States Market Value
$274,101
Property Tax Assessment Values Across Parks, Scott County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72950 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Parks, Scott County, Arkansas
How Are Property Tax Bills Calculated in Parks, Arkansas?
Property tax bills in Parks are based on the assessed value of a home, which is then multiplied by the local tax rate set by taxing authorities. The assessed value is usually a percentage of the property’s market value, so a higher market value can lead to a higher tax bill. Local budgets, school funding, and other public services all play a role in determining the final amount homeowners owe.
For a home with a median home price of $47,800, property taxes are relatively modest compared with the national median property tax bill of $2,400. In Scott County, the 25th percentile tax bill is $53, the 75th percentile is $386, and the 90th percentile is $703. That means many homeowners in Parks pay far less than the national median, but bills can still vary based on differences in assessed value and local tax rates.
Median Parks Tax Bill
$175
Median Scott County Tax Bill
$228
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$3,209
Property Tax Bills Across Parks, Scott County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72950 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 17 |
Links | |
|---|---|
| Scott Tax Assessor | |
| Website | www.arcountydata.com |