Paragould, Arkansas Property Taxes
The median property tax rate in Paragould, AR is 0.85%, slightly higher than the Arkansas state median of 0.84% but still below the national median of 0.99%. With the median home value in Paragould at $108,300, the typical annual property tax bill amounts to $884, which is significantly lower than the national median of $2,690. Property taxes in Paragould are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Paragould'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 Paragould or another part of Greene County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Paragould, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$921
Ownwell’s Paragould Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Paragould with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Paragould to provide an accurate estimate of your property tax bill. This intuitive tool helps you understand your potential tax liabilities, making financial planning simpler. For those interested in more granular data, neighborhood-level trends are available further down the page. Your property’s assessed value is the value assigned by Greene County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Paragould, Arkansas
Property taxes in Paragould, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Paragould is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Paragould set these rates annually, and they can vary significantly across different neighborhoods. Each year, Paragould 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 Paragould's effective property tax rate to other counties in Arkansas and the national median. For comparison, the zip code 72450 has the highest median property tax rate of 0.85%, while the same zip code also has the lowest median tax rate of 0.85%. Understanding how these cities compare with Paragould provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Paragould Tax Rate
0.85%
Average Greene County Tax Rate
0.84%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Paragould, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72450 | 0.64% | 0.75% | 0.85% | 0.92% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Paragould, Arkansas
In Paragould, Arkansas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Greene 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 Paragould, 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For example, the median home price in Paragould is $108,300, with tax bills ranging from $506 at the 25th percentile to $1,959 at the 90th percentile. The zip code 72450 has the highest and lowest median tax bill of $884. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Paragould Assessed Value
$108,300
Average Greene County Assessed Value
$101,950
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Paragould, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72450 | $32,000 | $62,350 | $108,300 | $165,900 | $236,735 |
Source: Ownwell
Property Tax Bills Across Paragould, Arkansas
In Paragould, located in Greene County, AR, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, with a median home price of $108,300, the assessed value is determined by local tax authorities. The tax rate is then applied to this assessed value to calculate the annual tax bill. Factors influencing the tax bill include property characteristics, local tax rates, and any applicable exemptions. For example, homeowners in Paragould may see a tax bill ranging from $506 at the 25th percentile to $1,378 at the 75th percentile, with the highest bills reaching up to $1,959 at the 90th percentile. The median tax bill in the area is $884, which is lower than the national median property tax rate of 0.99%. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners in Paragould.
Average Paragould Tax Bill
$884
Average Greene County Tax Bill
$820
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Paragould, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72450 | $270 | $506 | $884 | $1,378 | $1,959 |
Source: Ownwell