Magazine, Yell County, Arkansas Property Taxes

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

Median MAGAZINE, AR effective property tax rate: 0.96%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median MAGAZINE, AR home value: $22,825
Median annual MAGAZINE, AR tax bill: $203, $2,197 lower than the national median property tax bill of $2,400.

How are property taxes in Yell calculated?

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

Last Updated March 1, 2025

Magazine, Yell County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.96%

Estimate Property Tax Bill

$219

$203

Ownwell’s Magazine Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Magazine with just two data points.

By entering your property's estimated assessed value, our calculator applies Magazine’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 Yell County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Magazine, Yell County, Arkansas

Local government entities set tax rates, which can vary widely within a state. 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 Magazine’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.

Property Tax Rates Across Magazine, Yell County, Arkansas

Source: Ownwell

0.79%

0.89%

0.98%

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 Magazine Tax Rate

0.96%

Median Effective Yell County Tax Rate

0.90%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Magazine, Yell County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72943	0.84%	0.89%	0.96%	0.96%	0.96%

Source: Ownwell

Property Tax Assessment Values Across Magazine, Yell County, Arkansas

When examining property taxes in Magazine, 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 Yell 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 Yell 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 Magazine. For example, the median home price in Magazine is $22,825, with tax bills ranging significantly across the county. Zip code 72943 has the highest median home price at $22,825.

Property Tax Assessment Values Across Magazine, Yell County, Arkansas

Source: Ownwell

$22,825

$54,438

$86,050

Median Magazine Market Value

$22,825

Median Yell County Market Value

$66,625

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Magazine, Yell County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72943	$7,805	$18,412	$22,825	$31,125	$47,210

Source: Ownwell

Property Tax Bills Across Magazine, Yell County, Arkansas

In Magazine, Yell County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. Factors like changes in market conditions or local government budget needs can influence the assessed value and tax rate, impacting the final tax bill. The median home price in the area is $22,825, which contributes to a relatively low property tax bill compared to the national median property tax bill of $2,400. In Magazine, the tax bill ranges from the 25th percentile at $158 to the 90th percentile at $451, indicating variability based on property value and location. Ownwell can assist homeowners in reducing their property tax bills by providing professional appeal and exemption services. By ensuring that properties are fairly assessed and identifying potential exemptions, Ownwell helps homeowners achieve significant savings on their property taxes, making homeownership more affordable.

Property Tax Bills Across Magazine, Yell County, Arkansas

Source: Ownwell

$203

$510

$817

Median Magazine Tax Bill

$203

Median Yell County Tax Bill

$585

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Magazine, Yell County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72943	$75	$158	$203	$277	$451

Source: Ownwell