Craighead County, Arkansas Property Taxes
The median property tax rate in Craighead County is 0.83%, which is slightly lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Craighead County at $151,595, the typical annual property tax bill is approximately $1,210, significantly below the national median of $2,690. Property taxes in Craighead County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Craighead County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Jonesboro or another part of Craighead County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Craighead County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$1,258
$1,168
Ownwell’s Craighead County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Craighead County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Craighead County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Craighead County, Arkansas
Property taxes in Craighead County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Craighead County is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within Craighead County set these rates annually, and they can vary significantly between different areas within the county. Each year, Craighead County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Weiner has one of the higher property tax rates in the county at 0.93%, while the city of Leachville boasts one of the lowest at 0.68%. Analyzing how Craighead County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Craighead County Tax Rate
0.83%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Craighead County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bay | 0.58% | 0.76% | 0.87% | 0.99% | 1.03% |
| Black Oak | 0.55% | 0.74% | 0.86% | 0.86% | 0.89% |
| Bono | 0.59% | 0.73% | 0.85% | 0.91% | 1.01% |
| Brookland | 0.60% | 0.76% | 0.86% | 0.97% | 0.98% |
| Caraway | 0.60% | 0.72% | 0.84% | 0.97% | 1.02% |
| Cash | 0.58% | 0.69% | 0.83% | 0.89% | 0.98% |
| Egypt | 0.68% | 0.90% | 0.90% | 0.90% | 0.90% |
| Jonesboro | 0.57% | 0.69% | 0.83% | 0.92% | 0.96% |
| Lake City | 0.59% | 0.71% | 0.80% | 0.90% | 1.02% |
| Leachville | 0.50% | 0.61% | 0.68% | 0.76% | 0.82% |
| Monette | 0.50% | 0.60% | 0.68% | 0.80% | 0.86% |
| Paragould | 0.52% | 0.63% | 0.77% | 0.90% | 0.94% |
| State University | 0.89% | 0.90% | 0.92% | 0.93% | 0.96% |
| Trumann | N/A | N/A | N/A | N/A | N/A |
| Walnut Ridge | 0.57% | 0.66% | 0.80% | 0.90% | 1.05% |
| Weiner | 0.59% | 0.76% | 0.93% | 1.01% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Craighead County, Arkansas
In Craighead County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Craighead County Appraisal District. The assessed value, however, 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. Assessment notices in Craighead County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For example, the city of Jonesboro has the highest median tax bill at $1,320, while Walnut Ridge has the lowest at $420. Being aware of these valuation processes in Craighead County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Craighead County, Arkansas
Source: Ownwell
$52,730
$123,665
$194,600
Average Craighead County Assessed Value
$151,595
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Craighead County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bay | $41,758 | $67,862 | $91,865 | $121,044 | $182,818 |
| Black Oak | $14,200 | $37,991 | $65,278 | $117,369 | $195,378 |
| Bono | $65,266 | $90,680 | $137,440 | $190,710 | $266,217 |
| Brookland | $58,380 | $102,335 | $148,165 | $199,462 | $293,156 |
| Caraway | $21,147 | $41,680 | $64,850 | $104,710 | $153,338 |
| Cash | $16,411 | $30,978 | $57,610 | $101,638 | $177,247 |
| Egypt | $17,320 | $28,061 | $55,808 | $73,924 | $93,425 |
| Jonesboro | $63,660 | $104,990 | $162,360 | $232,244 | $354,258 |
| Lake City | $43,979 | $74,442 | $100,618 | $155,776 | $206,142 |
| Leachville | $21,306 | $71,764 | $100,540 | $160,355 | $205,198 |
| Monette | $29,083 | $52,422 | $90,005 | $136,965 | $212,642 |
| Paragould | $33,922 | $69,640 | $104,852 | $189,819 | $266,288 |
| State University | $56,665 | $59,938 | $64,050 | $71,350 | $123,940 |
| Trumann | N/A | N/A | N/A | N/A | N/A |
| Walnut Ridge | $18,446 | $34,454 | $52,730 | $105,869 | $170,917 |
| Weiner | $24,470 | $49,090 | $113,718 | $160,851 | $377,287 |
Source: Ownwell
Property Tax Bills Across Craighead County, Arkansas
Property tax bills in Craighead County, AR, are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in the county is $151,595. Homeowners can expect their tax bills to vary significantly, with the 25th percentile at $685 and the 75th percentile at $1,816. For those in the 90th percentile, tax bills can go up to $2,747. These variations are influenced by factors such as property location, size, and improvements. For instance, the highest median tax bill in the county is $1,320 in Jonesboro, while Walnut Ridge has the lowest at $420. The national median property tax rate is 0.99%, which provides a benchmark for comparison. Higher property taxes can impact homeowners by increasing annual expenses, but they also contribute to local services and infrastructure, which can enhance property values and community quality of life.
Average Craighead County Tax Bill
$1,210
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Craighead County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bay | $346 | $514 | $761 | $1,082 | $1,559 |
| Black Oak | $85 | $292 | $521 | $985 | $1,580 |
| Bono | $463 | $710 | $1,112 | $1,604 | $2,346 |
| Brookland | $415 | $818 | $1,282 | $1,719 | $2,529 |
| Caraway | $174 | $341 | $523 | $825 | $1,263 |
| Cash | $111 | $265 | $451 | $773 | $1,437 |
| Egypt | $150 | $253 | $455 | $628 | $812 |
| Jonesboro | $432 | $762 | $1,320 | $1,941 | $2,930 |
| Lake City | $341 | $557 | $787 | $1,217 | $1,702 |
| Leachville | $199 | $443 | $658 | $1,116 | $1,301 |
| Monette | $204 | $354 | $576 | $955 | $1,516 |
| Paragould | $268 | $544 | $767 | $1,465 | $1,818 |
| State University | $525 | $558 | $587 | $655 | $1,094 |
| Trumann | N/A | N/A | N/A | N/A | N/A |
| Walnut Ridge | $106 | $298 | $420 | $694 | $1,292 |
| Weiner | $201 | $351 | $965 | $1,531 | $3,746 |
Source: Ownwell