Jonesboro, Craighead County, Arkansas Property Taxes

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

Median JONESBORO, AR effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, but lower than the AR state median of 0.84%.
Median JONESBORO, AR home value: $162,360
Median annual JONESBORO, AR tax bill: $1,320, $1,080 lower than the national median property tax bill of $2,400.

How are property taxes in Craighead calculated?

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

Last Updated March 1, 2025

Jonesboro, Craighead County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.83%

Estimate Property Tax Bill

$1,348

$1,251

Ownwell’s Jonesboro Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Jonesboro with just two data points. By entering your property's estimated assessed value, our calculator applies Jonesboro’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 Craighead County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Jonesboro, Craighead County, Arkansas

Local government entities determine property tax rates, which can vary significantly across different areas within a state. This variation is due to each county's need to estimate its annual budget for services and divide it 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 these rates and budgets, this is essentially the annual process.

In Jonesboro, located in Craighead County, Arkansas, the effective property tax rate reflects this calculation. Compared to other cities in Arkansas, Jonesboro's rate provides a unique perspective on local taxation. The median property tax rate in Arkansas is notably lower than the national median of 1.02%, highlighting the state's relatively favorable tax environment. Within Jonesboro, the highest median tax rate is found in the 72404 zip code, while the lowest is in 72401, showcasing the diversity in property tax assessments even within a single city. Understanding these differences can help property owners navigate their tax obligations more effectively.

Property Tax Rates Across Jonesboro, Craighead County, Arkansas

Source: Ownwell

0.68%

0.81%

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 Jonesboro Tax Rate

0.83%

Median Effective Craighead County Tax Rate

0.83%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Jonesboro, Craighead County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72401	0.53%	0.63%	0.74%	0.84%	0.89%
72404	0.68%	0.80%	0.90%	0.96%	1.03%
72405	0.58%	0.72%	0.85%	0.94%	0.96%
72402	N/A	N/A	N/A	N/A	N/A
72416	N/A	N/A	N/A	N/A	N/A
72421	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Jonesboro, Craighead County, Arkansas

When examining property taxes in Jonesboro, 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 Craighead County Appraisal District 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 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 Jonesboro. For example, the median home price in Jonesboro is $162,360, with tax bills ranging significantly across the county. Zip code 72404 has the highest median home price at $194,600.

Property Tax Assessment Values Across Jonesboro, Craighead County, Arkansas

Source: Ownwell

$52,730

$123,665

$194,600

Median Jonesboro Market Value

$162,360

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 Jonesboro, Craighead County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72401	$46,723	$77,798	$118,040	$180,502	$270,376
72404	$105,232	$149,031	$194,600	$291,784	$429,826
72405	$81,834	$140,865	$177,655	$243,210	$354,729
72402	N/A	N/A	N/A	N/A	N/A
72416	N/A	N/A	N/A	N/A	N/A
72421	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Jonesboro, Craighead County, Arkansas

In Jonesboro, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local property tax rate to determine the final tax bill. Homeowners in Craighead County can expect a median property tax bill of $1,723 in zip code 72404, while those in zip code 72401 see a lower median bill of $842. These figures illustrate the variance in tax bills across different areas. Compared to the national median property tax bill of $2,400, homeowners in Jonesboro generally pay less, but the impact on individual finances can still be significant, especially for those at the higher end of the tax spectrum, with bills reaching up to $2,930. Ownwell can assist homeowners in reducing their property tax bills by providing expert property tax appeal and exemption services. By ensuring that homes are assessed fairly, Ownwell can help clients achieve potential savings and lessen the financial burden of property taxes.

Property Tax Bills Across Jonesboro, Craighead County, Arkansas

Source: Ownwell

$420

$1,072

$1,723

Median Jonesboro Tax Bill

$1,320

Median Craighead County Tax Bill

$1,210

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Jonesboro, Craighead County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72401	$329	$539	$842	$1,335	$2,020
72404	$879	$1,260	$1,723	$2,542	$3,873
72405	$535	$1,085	$1,546	$2,076	$2,930
72402	N/A	N/A	N/A	N/A	N/A
72416	N/A	N/A	N/A	N/A	N/A
72421	N/A	N/A	N/A	N/A	N/A

Source: Ownwell