Mccrory, Woodruff County, Arkansas Property Taxes

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

Median McCrory, AR effective property tax rate: 1.00%, slightly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median McCrory, AR home value: $22,300
Median annual McCrory, AR tax bill: $317, $2,083 lower than the national median property tax bill of $2,400.

How are property taxes in Woodruff County calculated?

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

Last Updated March 1, 2025

Mccrory, Woodruff County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

Estimate Property Tax Bill

$223

$207

Ownwell’s McCrory Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in McCrory with just two data points. By entering your property's estimated assessed value, our calculator applies McCrory’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 Woodruff County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Mccrory, Woodruff County, Arkansas

Local government entities set tax rates, and these can vary significantly within a state. Each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the core of the annual process.

In McCrory, located in Woodruff County, Arkansas, the effective property tax rate can be compared to other cities within the state and the national median. Arkansas's median property tax rate is slightly below the national median of 1.02%. This comparison highlights how local rates can differ from national averages, offering homeowners insights into their property tax obligations. Understanding these differences is crucial for property owners, as it can impact their financial planning and decision-making. By examining McCrory's property tax rate, residents can better assess their situation compared to other areas in Arkansas and across the United States.

Property Tax Rates Across Mccrory, Woodruff County, Arkansas

Source: Ownwell

0.81%

0.91%

1.01%

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 Mccrory Tax Rate

1.00%

Median Effective Woodruff County Tax Rate

0.89%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mccrory, Woodruff County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72101	0.53%	1.00%	1.00%	1.00%	1.00%

Source: Ownwell

Property Tax Assessment Values Across Mccrory, Woodruff County, Arkansas

When examining property taxes in McCrory, AR, 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 Woodruff 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 Woodruff 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 McCrory. For example, the median home price in McCrory is $22,300, with tax bills ranging significantly across the county. Zip code 72101 has the highest median home price at $22,300.

Property Tax Assessment Values Across Mccrory, Woodruff County, Arkansas

Source: Ownwell

$16,350

$59,575

$102,800

Median Mccrory Market Value

$22,300

Median Woodruff County Market Value

$44,350

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mccrory, Woodruff County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72101	$4,320	$11,275	$22,300	$54,075	$94,060

Source: Ownwell

Property Tax Bills Across Mccrory, Woodruff County, Arkansas

In McCrory, located in Woodruff County, AR, property tax bills are calculated based on the assessed value of a home, which is a fraction of its market value. With a median home price of $22,300, the tax bill can vary significantly across different percentiles. For instance, the 25th percentile tax bill stands at $145, while the 75th percentile reaches $668, and the 90th percentile is $927. These figures highlight the potential financial impact on homeowners, especially when compared to the national median property tax bill of $2,400. The property tax rate in this area can be a burden for homeowners, despite being lower than the national median rate of 1.02%. Ownwell offers a solution by providing property tax appeal and exemption services to help homeowners reduce their tax liabilities. By leveraging expert knowledge and experience, Ownwell ensures that property assessments are fair and accurate, potentially saving homeowners significant amounts on their tax bills.

Property Tax Bills Across Mccrory, Woodruff County, Arkansas

Source: Ownwell

$143

$445

$747

Median Mccrory Tax Bill

$317

Median Woodruff County Tax Bill

$317

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Mccrory, Woodruff County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72101	$43	$145	$317	$668	$927

Source: Ownwell