Paragould, Clay County, Arkansas Property Taxes

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

Median Paragould, AR effective property tax rate: 0.88%, significantly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Paragould, AR home value: $36,800
Median annual Paragould, AR tax bill: $308, $2,092 lower than the national median property tax bill of $2,400.

How are property taxes in Clay County calculated?

Property taxes in Paragould, AR 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 Paragould’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Paragould, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Paragould, Clay County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.88%

Estimate Property Tax Bill

$324

$301

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, our calculator applies Paragould’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 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 Greene County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Paragould, Clay County, Arkansas

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the core of the annual process.

In Paragould, located in Greene County, Arkansas, the effective property tax rate stands at 0.54%, which is lower than the state median of 0.61% and the national median of 1.02%. Residents of Paragould benefit from a property tax bill of about $640, significantly less than the national median of $2400. This lower tax burden can be attributed to the county's efficient budget management and the relatively low assessed property values.

When comparing Paragould's property tax rate to other cities in Arkansas, it becomes evident that residents enjoy a more favorable tax situation. As property tax rates continue to be a significant factor in homeownership costs, understanding these regional differences can help homeowners make informed decisions.

Property Tax Rates Across Paragould, Clay County, Arkansas

Source: Ownwell

0.63%

0.78%

0.93%

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 Paragould Taxx Rate

0.88%

Median Effective Clay County Taxx Rate

0.78%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Paragould, Clay County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72450	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Paragould, Clay County, Arkansas

When examining property taxes in Paragould, Arkansas, 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 Clay County Assessor 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.

In Clay County, 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 Paragould. For example, the median home price in Paragould is $36,800, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Paragould, Clay County, Arkansas

Source: Ownwell

$16,575

$46,863

$77,150

Median Paragould Market Value

$36,800

Median Clay County Market Value

$59,500

Median Arkansas Market Value

$113,950

Median United States Market Value

$244,900

Property Tax Assessment Values Across Paragould, Clay County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72450	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Paragould, Clay County, Arkansas

In Paragould, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Various factors, such as property location, size, and improvements, can influence the assessed value. Homeowners in Paragould face a median property tax bill significantly lower than the national median of $2,400, with the 25th percentile tax bill at $173 and the 75th percentile at $442. This affordability can be attributed to the lower median home price of $36,800 in the area. However, even with relatively low property tax bills, homeowners can still benefit from ensuring their assessments are fair and accurate. Ownwell specializes in property tax appeals and exemptions, helping homeowners navigate the complexities of property tax assessments. By leveraging our expertise, homeowners can potentially reduce their tax bills, ensuring they only pay their fair share.

Property Tax Bills Across Paragould, Clay County, Arkansas

Source: Ownwell

$150

$340

$530

Median Paragould Tax Bill

$308

Median Clay County Tax Bill

$445

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,690

Property Tax Bills Across Paragould, Clay County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72450	N/A	N/A	N/A	N/A	N/A

Source: Ownwell