Boone County, Arkansas Property Taxes

Name: Property Tax Bills Across Boone County, Arkansas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Boone County effective property tax rate: 0.89%, significantly lower than the national median of 1.02%.
Median Boone County home value: $102,750
Median annual Boone County tax bill: $870, $1,530 lower than the national median property tax bill of $2,400.

How are property taxes in Boone County calculated?

Property taxes in Boone County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Harrison or another part of Boone County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Boone County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.89%

Estimate Property Tax Bill

$914

$849

Ownwell’s Boone County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Boone County with just two data points. By entering your property's estimated assessed value, our calculator applies Boone County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Boone County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Boone County, Arkansas

Local government entities set tax rates, which can vary widely within a state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Boone County, the effective property tax rate is a reflection of this process. When compared to the national median property tax rate of 1.02%, Boone County's rate is notably lower. Within Arkansas, Boone County's rate is also competitive, with Western Grove having the highest median tax rate in the county at 0.91% and Alpena the lowest at 0.78%. This provides property owners in Boone County a favorable position, with tax rates that are not only below the national average but also competitive within the state.

Property Tax Rates Across Boone County, Arkansas

Source: Ownwell

0.78%

0.84%

0.91%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Boone County Tax Rate

0.89%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Boone County, Arkansas

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Alpena	0.58%	0.69%	0.78%	0.78%	0.85%
Bergman	0.66%	0.75%	0.79%	0.79%	0.79%
Diamond City	N/A	N/A	N/A	N/A	N/A
Everton	0.68%	0.81%	0.90%	0.91%	0.94%
Harrison	0.66%	0.75%	0.90%	0.96%	1.02%
Lead Hill	0.74%	0.89%	0.89%	0.99%	0.99%
Omaha	0.64%	0.74%	0.87%	0.87%	0.87%
Ridgedale	N/A	N/A	N/A	N/A	N/A
Valley Springs	N/A	N/A	N/A	N/A	N/A
Western Grove	0.64%	0.77%	0.91%	0.91%	0.91%
Yellville	N/A	N/A	N/A	N/A	N/A
Zinc	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Boone County, Arkansas

When examining property taxes in Boone County, understanding the distinction between "market value" and "assessed value" is crucial.

The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Boone County Assessor's Office estimates the market value for tax purposes.

The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices:

Assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May.

Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Boone County.

For example, the median tax bill in Boone County is $1,062, with tax bills ranging significantly across the county. Western Grove has the highest median home price at $125,100.

Property Tax Assessment Values Across Boone County, Arkansas

Source: Ownwell

$70,200

$97,650

$125,100

Median Boone County Market Value

$102,750

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Boone County, Arkansas

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Alpena	$14,800	$40,000	$71,950	$131,650	$194,400
Bergman	$21,950	$43,600	$85,850	$110,500	$153,610
Diamond City	N/A	N/A	N/A	N/A	N/A
Everton	$20,230	$50,362	$91,500	$152,588	$203,045
Harrison	$34,100	$66,512	$109,925	$165,800	$230,190
Lead Hill	$13,720	$37,350	$70,200	$111,950	$177,810
Omaha	$18,550	$45,675	$97,925	$171,438	$242,190
Ridgedale	N/A	N/A	N/A	N/A	N/A
Valley Springs	N/A	N/A	N/A	N/A	N/A
Western Grove	$36,020	$96,825	$125,100	$162,600	$199,820
Yellville	N/A	N/A	N/A	N/A	N/A
Zinc	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Boone County, Arkansas

In Boone County, AR, property tax bills are calculated based on the assessed value of a home, which is determined by a percentage of the property's market value. The median home price in Boone County is $102,750. Homeowners can expect their property tax bills to vary significantly, with the 25th percentile at $506 and the 75th percentile reaching $1,356. For higher-value homes, the 90th percentile tax bill is $1,972. These figures illustrate the range of property tax obligations that homeowners might face depending on the market value of their property. The highest median tax bill in the county is found in Western Grove, at $1,062, while Alpena has the lowest at $551. Compared to the national median property tax bill of $2,400, Boone County's tax bills are generally lower, which can be an attractive factor for potential homeowners. Understanding how these taxes are calculated and their impact is crucial for property owners when budgeting for annual expenses.

Property Tax Bills Across Boone County, Arkansas

Source: Ownwell

$551

$807

$1,062

Median Boone County Tax Bill

$870

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Boone County, Arkansas

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Alpena	$124	$314	$551	$918	$1,431
Bergman	$148	$348	$625	$882	$1,187
Diamond City	N/A	N/A	N/A	N/A	N/A
Everton	$192	$425	$780	$1,259	$1,740
Harrison	$309	$565	$922	$1,409	$2,029
Lead Hill	$136	$348	$636	$1,004	$1,560
Omaha	$162	$368	$780	$1,380	$1,974
Ridgedale	N/A	N/A	N/A	N/A	N/A
Valley Springs	N/A	N/A	N/A	N/A	N/A
Western Grove	$346	$655	$1,062	$1,448	$1,804
Yellville	N/A	N/A	N/A	N/A	N/A
Zinc	N/A	N/A	N/A	N/A	N/A

Source: Ownwell