Tilly, Searcy County, Arkansas Property Taxes
Median Tilly, AR effective property tax rate: 0.81%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Tilly, AR home value: $67,800
Median annual Tilly, AR tax bill: $490, $1,910 lower than the national median property tax bill of $2,400.
How are property taxes in Searcy calculated?
Property taxes in Tilly, 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 Tilly’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Tilly, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Tilly, Searcy County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.85%
Estimate Property Tax Bill
$537
$498
Property Tax Rates Across Tilly, Searcy County, Arkansas
Local government entities determine property tax rates, which can significantly differ within a state. This variation occurs because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Tilly, located in Searcy County, Arkansas, the effective property tax rate is a reflection of this process. When compared to other cities in Arkansas, Tilly's rate offers a unique perspective on how property taxes can vary within a state. The median property tax rate in Arkansas is notably different from the national median of 1.02%. Understanding these differences can provide valuable insights for property owners looking to manage their tax liabilities effectively. By comparing Tilly's property tax rate to the state and national medians, property owners can better assess their financial commitments and explore potential savings through appeals and exemptions.
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 Tilly Tax Rate
0.85%
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 Searcy County Tax Rate
0.73%
Median Effective Arkansas Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Tilly, Searcy County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72679 | 0.18% | 0.60% | 0.85% | 0.95% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Tilly, Searcy County, Arkansas
When examining property taxes in Tilly, 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 Appraisal District 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 Tilly.
For example, the median home price in Tilly is $67,800, with tax bills ranging significantly across the county. Zip code 72679 has the highest median home price at $67,800.
Property Tax Assessment Values Across Tilly, Searcy County, Arkansas
Source: Ownwell
$39,850
$81,700
$123,550
Median Tilly Market Value
$63,150
Median Searcy County Market Value
$54,100
Median Arkansas Market Value
$118,750
Median United States Market Value
$235,294
Property Tax Assessment Values Across Tilly, Searcy County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72679 | $8,400 | $29,500 | $63,150 | $109,950 | $172,600 |
Source: Ownwell
Property Tax Bills Across Tilly, Searcy County, Arkansas
Median Tilly Tax Bill
$461
Median Searcy County Tax Bill
$312
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Tilly, Searcy County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72679 | $55 | $133 | $461 | $766 | $1,494 |
Source: Ownwell