Big Flat, Searcy County, Arkansas Property Taxes

Name: Property Tax Bills Across Big Flat, Searcy County, Arkansas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Big Flat, AR effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Big Flat, AR home value: $77,000
Median annual Big Flat, AR tax bill: $637, $1,763 lower than the national median property tax bill of $2,400.

How are property taxes in Searcy calculated?

Property taxes in Big Flat, 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 Big Flat’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Big Flat, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Big Flat, Searcy County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.87%

Estimate Property Tax Bill

$670

$622

Ownwell’s Big Flat Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Big Flat with just two data points. By entering your property's estimated assessed value, our calculator applies Big Flat’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Searcy County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Big Flat, Searcy County, Arkansas

Local government entities in Arkansas set property tax rates, which can vary significantly within the state. Each year, counties like Searcy estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell.

In Big Flat, the effective property tax rate is a reflection of this local budgeting process. Compared to other cities in Arkansas and the national median property tax rate of 1.02%, Big Flat's rate offers a unique perspective on property taxation in the state. The median property tax rate in Arkansas is 0.87%, which is below the national median. This makes it an attractive option for property owners looking to manage their tax liabilities effectively. Understanding how these rates are determined and how they compare can help property owners make informed decisions about their investments and potential savings.

Property Tax Rates Across Big Flat, Searcy County, Arkansas

Source: Ownwell

0.68%

0.74%

0.81%

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 Big Flat Tax Rate

0.87%

Median Effective Searcy County Tax Rate

0.76%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Big Flat, Searcy County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72617	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Big Flat, Searcy County, Arkansas

When examining property taxes in Big Flat, 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 Searcy 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 Searcy 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 Big Flat. For example, the median home price in Big Flat is $77,000, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Big Flat, Searcy County, Arkansas

Source: Ownwell

$41,900

$82,325

$122,750

Median Big Flat Market Value

$77,000

Median Searcy County Market Value

$53,950

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Big Flat, Searcy County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72617	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Big Flat, Searcy County, Arkansas

In Big Flat, Searcy County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. With a median home price of $77,000, homeowners in this region face property tax bills that vary significantly. The 25th percentile tax bill is $598, while the 75th percentile reaches $767, and the 90th percentile is $951. These figures highlight the range of tax obligations, which can be influenced by factors such as property improvements and local tax rates. Compared to the national median property tax bill of $2,400, Big Flat residents generally pay less, but the financial impact can still be substantial for many homeowners. This is where Ownwell can make a difference. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax burdens. Through a thorough analysis of property assessments and local tax regulations, Ownwell identifies opportunities for savings, ensuring that homeowners aren't overpaying on their property taxes.

Property Tax Bills Across Big Flat, Searcy County, Arkansas

Source: Ownwell

$314

$612

$910

Median Big Flat Tax Bill

$637

Median Searcy County Tax Bill

$434

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Big Flat, Searcy County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72617	N/A	N/A	N/A	N/A	N/A

Source: Ownwell