An Arkansas millage rate calculator turns a local millage rate into an estimated property tax bill. The calculation uses assessed value, not full market value.
For Arkansas real estate, assessed value is generally 20% of market value. Once you know assessed value, each mill equals $1 for every $1,000 of assessed value.
What is a Millage Rate?
A millage rate is the local property tax rate applied to assessed value. One mill equals $1 of property tax for each $1,000 of assessed value. For mill versus “mileage,” see what a millage rate is in Arkansas.
That means a 50-mill rate does not tax 50% of a home. It taxes assessed value at $50 per $1,000 of assessed value.
How to Calculate Tax From Millage
- Estimate market value.
- Multiply market value by 20%.
- Multiply assessed value by the millage rate.
- Divide by 1,000.
- Subtract credits if they apply.
| Market Value | Assessed Value | Millage | Pre-Credit Tax |
|---|---|---|---|
| $150,000 | $30,000 | 40 | $1,200 |
| $250,000 | $50,000 | 50 | $2,500 |
| $350,000 | $70,000 | 60 | $4,200 |
Why Millage Rates Differ by Parcel
The Arkansas Assessment Coordination Division explains that school boards city councils and county quorum courts are involved insetting and levying millage rates A parcel in city limits may have a different total rate than a nearby rural parcel
School district boundaries matter City status matters Fire library, and improvement districts can also change the total That is why a county average is useful for comparison but not always exact for one parcel
How the Homestead Credit Changes the Result
After millage creates the pre credit tax credits can reduce the bill Arkansas DFA states that homeowners may receive a homestead property tax credit and that 2026 tax bills are authorized up to 600
Example: a $2,500 pre credit tax can become 1,900 if the full 2026 homestead credit applies The credit cannot reduce the bill below zero
How to Find the Exact Millage Rate
Start with your county collector or assessor record Look for the total millage taxdistrict, school district and parcel number. If the bill lists several line items add the applicable mills or use the total shown by the county
For a fast planning estimate use this site'sstatewide millage rates tableand then open the calculator
Turn Mills Into a 2026 Estimate
Use your home value and county millage to estimate your annual Arkansas property tax
Open Calculator →Frequently Asked Questions
What does 1 millmean?
One mill means 1 of tax for each 1,000 of assessed value
Is millage based on market value?
No Millage is applied to assessed value In Arkansas, assessed value is generally 20% of market value
Can two homes in the same county have different millage?
Yes Different school districts cities, and special districts can create different total rates
Works Cited
"Millage Rates."Washington County, Arkansas, 16 Jan. 2026, https://www.washingtoncountyar.gov/government/departments-a-e/collector/millage-rates.
"Arkansas Assessment Coordination Division."Arkansas Department of Finance and Administration, 9 Dec. 2025, https://www.dfa.arkansas.gov/office/arkansas-assessment-coordination-division/.
"Property Tax Relief."Arkansas Department of Finance and Administration, 3 Dec. 2025, https://www.dfa.arkansas.gov/office/arkansas-assessment-coordination-division/real-property/property-tax-relief/.