Greenbrier, Arkansas Property Taxes
The median property tax rate in Greenbrier, AR is 0.98%, slightly below the national median of 0.99% but above the Arkansas state median of 0.84%. With a median home value of $156,000, the typical annual property tax bill in Greenbrier amounts to $1,478, which is significantly lower than the national median of $2,690. Property taxes in Greenbrier are calculated based on the tax assessed value, which is often less than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Greenbrier's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Greenbrier or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Greenbrier, Arkansas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,680
Ownwell’s Greenbrier Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greenbrier with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greenbrier to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Greenbrier, Arkansas
Property taxes in Greenbrier, Arkansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greenbrier is 0.98%, slightly lower than the U.S. national median of 0.99%. Local government entities within Greenbrier set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greenbrier estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Greenbrier's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72058 zip code has the highest median property tax rate of 0.98%, while the same zip code also has the lowest median tax rate of 0.98%. Understanding how these cities compare with Greenbrier provides valuable insights into the varying tax landscape across Faulkner County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Greenbrier Tax Rate
0.98%
Average Faulkner County Tax Rate
0.96%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greenbrier, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72058 | 0.73% | 0.88% | 0.98% | 1.01% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Greenbrier, Arkansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Greenbrier, Arkansas. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Faulkner County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Greenbrier, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, the median home price in Greenbrier is $156,000, with tax bills ranging from $846 at the 25th percentile to $3,044 at the 90th percentile. The highest and lowest median tax bills are both $1,478 in the zip code 72058. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Greenbrier Assessed Value
$156,000
Average Faulkner County Assessed Value
$149,500
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Greenbrier, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72058 | $45,800 | $95,150 | $156,000 | $237,200 | $324,000 |
Source: Ownwell
Property Tax Bills Across Greenbrier, Arkansas
In Greenbrier, located in Faulkner County, AR, property tax bills are calculated based on the assessed value of a home. This assessed value is typically a percentage of the market value, determined by the county assessor. For homeowners in Greenbrier, the median home price is $156,000. Property tax rates in this region are influenced by various factors, including local government budgets and public service funding needs. Homeowners can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $846, while those in the 75th percentile see bills as high as $2,237. The 90th percentile tax bill can reach up to $3,044. Interestingly, the highest and lowest median tax bills in the area are both reported at $1,478, specifically in the 72058 zip code. These property taxes fund essential community services such as schools, road maintenance, and emergency services. Compared to the national median property tax rate of 0.99%, Greenbrier's property tax rates offer a glimpse into the local fiscal landscape, impacting homeowners' annual expenses significantly.
Average Greenbrier Tax Bill
$1,478
Average Faulkner County Tax Bill
$1,390
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Greenbrier, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72058 | $392 | $846 | $1,478 | $2,237 | $3,044 |
Source: Ownwell