Chicot County, Arkansas Property Taxes
Census Bureau ACS property tax data for Arkansas. Population: 2,641.
The median annual property tax in Chicot County is $494, which is 30% lower than the Arkansas state average and 74% below the national average. The effective tax rate is 0.55% on a median home value of $90,500. Property taxes represent 1.2% of the median household income in this county.
Median Annual Tax
$494
-30% vs State
-74% vs US
Median Home Value
$90,500
-31% vs State
-57% vs US
Effective Tax Rate
0.55%
+4% vs State
-42% vs US
With vs Without Mortgage
With Mortgage
$507
$42/mo
Without Mortgage
$487
$41/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $494 -5.7% | 0.55% |
| 2022 | $524 +14.4% | 0.59% |
| 2021 | $458 -1.1% | 0.65% |
| 2020 | $463 +2.7% | 0.68% |
| 2019 | $451 | 0.65% |
Tax Burden
Tax-to-Income Ratio
1.2%
of median household income
Median Income
$39,683
per year
Monthly Tax
$41
per month
Other Counties in Arkansas
Lawrence County
Tax: $445/yr Rate: 0.49%
Saline County
Tax: $1,335/yr Rate: 0.63%
Craighead County
Tax: $1,084/yr Rate: 0.55%
Bradley County
Tax: $544/yr Rate: 0.56%
Prairie County
Tax: $539/yr Rate: 0.62%
Ouachita County
Tax: $500/yr Rate: 0.50%
Frequently Asked Questions
What is the average property tax in Chicot County, Arkansas? ▼
The median annual property tax in Chicot County is $494 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.55% on a median home value of $90,500.
How does Chicot County property tax compare to the national average? ▼
Property taxes in Chicot County are 74% below the national average of $1,923. The effective rate of 0.55% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Chicot County? ▼
In Chicot County, homeowners with a mortgage pay a median of $507 in annual property taxes, while homeowners without a mortgage pay $487. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Chicot County? ▼
Property taxes in Chicot County represent approximately 1.2% of the median household income of $39,683. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.