Washington County, AR
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What is a millage rate?
A mill is equal to $1 of property tax for each $1,000 of assessed value. The full assessed value of property in Arkansas is 20% of its market value.
For example, if your home has a market value of $100,000:
- Assessed value
- $100,000 × 20% = $20,000
- Value of one (1) mill
- $20,000 ÷ 1,000 = $20
So, if your home is valued at $100,000, a one mill property tax rate would cost you $20 per year.