Craighead County, Arkansas Property Taxes
Median Craighead County effective property tax rate: 0.83%, significantly lower than the national median of 1.02%.
Median Craighead County home value: $151,595
Median annual Craighead County tax bill: $1,210, $1,190 lower than the national median property tax bill of $2,400.
How are property taxes in Craighead County calculated?
Property taxes in Craighead 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 Jonesboro or another part of Craighead County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Craighead County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.83%
Estimate Property Tax Bill
$1,258
$1,168
Ownwell’s Craighead County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Craighead County with just two data points.
By entering your property's estimated assessed value, our calculator applies Craighead 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 Craighead County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Craighead County, Arkansas
Local government entities are responsible for setting property tax rates, leading to significant variations within a state. This is because each county annually determines its budget needs for public services and divides this by the total assessed value of all taxable properties in the area, resulting in the property tax rate. Though the process involves votes and legislative actions, this is essentially how it unfolds each year.
In Craighead County, Arkansas, you can compare the effective property tax rate to other counties in the state or the national median property tax rate. Craighead County has a median property tax rate of 0.83%, which is below the national median of 1.02%. Within the state, the highest median tax rate is in Weiner at 0.93%, while the lowest is in Leachville at 0.68%. These figures illustrate the diverse landscape of property tax rates, emphasizing the importance of understanding local rates and potential savings.
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 Craighead County Tax Rate
0.83%
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 Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
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
When examining property taxes in Craighead 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 Craighead 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:
In Craighead 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 Craighead County.
For example, the median tax bill in Craighead County is $1,320, with tax bills ranging significantly across the county. Jonesboro has the highest median home price at $162,360.
Property Tax Assessment Values Across Craighead County, Arkansas
Source: Ownwell
$52,730
$123,665
$194,600
Median Craighead County Market Value
$151,595
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
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
Median Craighead County Tax Bill
$1,210
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
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