Property Tax in Lowell, Arkansas
Based on the latest US Census data, the median home value in Lowell is $224,700, resulting in a median annual property tax bill of $1,615.
Estimate Your Property Tax in Lowell
Enter your actual or desired home value below to see how much you can expect to pay annually based on Lowell's effective tax rate of 0.72%.
Estimated Annual Tax
Understanding Lowell Real Estate Taxes
The real estate market in Lowell, Arkansas currently demands an effective property tax rate of 0.72%. For a typical local household buying a median-priced home of $224,700, this results in approximately $1,615 in yearly tax obligations. Knowing this baseline is essential before locking in your housing budget.
It's important to remember that local assessors determine assessed values, which may vary from current market values, altering your exact obligations.
Impact on Mortgages
Most lenders require property taxes to be rolled into your monthly mortgage payment via an escrow account. A 0.72% annual rate on a $500,000 home adds roughly $299 to your monthly overhead in Lowell.
Special Assessments
Your exact tax bill may be influenced by hyper-local municipal bonds, school district levies, and utility assessments in Arkansas. Using the effective rate provides a highly accurate historical baseline for budgeting.
How it compares to local earnings
Housing affordability isn't just about property prices—it's about the correlation between your geographic tax obligations and your local income potential.
In Lowell, the median household income is $83,827 annually. This means the median household commits 1.93% of their gross income directly to property taxes. Financial modelers typically recommend keeping total housing costs below 28% of gross income.
Local Tax Burden
1.93%
Of Median Household Gross Income
Frequently Asked Questions
The average effective property tax rate in Lowell is 0.72%.
For a median-priced home of $224,700 in Lowell, homeowners pay an average of $1,615 annually in property taxes.
While the average tax bill of $1,615 in Lowell is an annual obligation, most homeowners pay this monthly through an escrow account managed by their mortgage lender.
The effective rate of 0.72% is calculated by dividing the median annual property taxes paid ($1,615) by the median home value ($224,700) for properties in Lowell.
Yes, your property taxes in Lowell can change based on reassessments of your home's market value by local Arkansas authorities or changes in municipal and school district tax levies.