Grant County, Arkansas Property Taxes

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

Median Grant County effective property tax rate: 0.85%, significantly lower than the national median of 1.02%.
Median Grant County home value: $100,075
Median annual Grant County tax bill: $770, $1,630 lower than the national median property tax bill of $2,400.

How are property taxes in Grant County calculated?

Property taxes in Grant 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 Sheridan or another part of Grant County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Grant County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.85%

Estimate Property Tax Bill

$851

$789

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

Property Tax Rates Across Grant County, Arkansas

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its 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. Below, you can compare Grant County's effective property tax rate to other counties in Arkansas or the U.S. median property tax rate. With a median property tax rate of 0.85%, Grant County falls below the national median of 1.02%, offering a more affordable tax environment compared to many areas across the country. The city of Poyen in Grant County has the highest median tax rate within the county at 0.96%, while Prattsville boasts the lowest at 0.80%. This variance within the county itself highlights how local factors can influence property tax rates. By understanding these differences, property owners in Grant County can make informed decisions about their real estate investments and tax obligations.

Property Tax Rates Across Grant County, Arkansas

Source: Ownwell

0.80%

0.88%

0.96%

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 Grant County Tax Rate

0.85%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Grant County, Arkansas

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Benton	0.66%	0.82%	0.91%	1.00%	1.00%
Grapevine	0.60%	0.72%	0.82%	0.90%	0.90%
Hensley	0.69%	0.81%	0.89%	0.90%	0.90%
Jefferson	0.73%	0.78%	0.87%	0.90%	0.90%
Leola	0.66%	0.73%	0.88%	0.92%	0.94%
Malvern	N/A	N/A	N/A	N/A	N/A
Pine Bluff	0.61%	0.72%	0.80%	0.90%	0.90%
Poyen	0.68%	0.82%	0.96%	1.11%	1.12%
Prattsville	0.60%	0.70%	0.80%	0.90%	0.90%
Redfield	0.61%	0.71%	0.82%	0.90%	0.90%
Sheridan	0.62%	0.75%	0.85%	0.90%	0.90%
Traskwood	0.71%	0.86%	0.94%	1.11%	1.11%
Tull	0.75%	0.79%	0.94%	1.00%	1.00%
White Hall	0.58%	0.71%	0.82%	0.90%	0.90%

Source: Ownwell

Property Tax Assessment Values Across Grant County, Arkansas

When examining property taxes in Grant 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 Grant 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 in Grant County 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 Grant County.

For example, the median tax bill in Grant County is $1257, with tax bills ranging significantly across the county. Hensley has the highest median home price at $143,800.

Property Tax Assessment Values Across Grant County, Arkansas

Source: Ownwell

$42,150

$92,975

$143,800

Median Grant County Market Value

$100,075

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Grant County, Arkansas

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Benton	$23,580	$54,950	$113,550	$160,675	$239,160
Grapevine	$15,400	$33,250	$70,250	$137,800	$209,645
Hensley	$26,650	$67,200	$143,800	$168,600	$210,160
Jefferson	$10,825	$38,950	$74,050	$157,250	$234,450
Leola	$7,430	$17,462	$42,150	$71,200	$133,295
Malvern	N/A	N/A	N/A	N/A	N/A
Pine Bluff	$16,060	$45,550	$75,600	$113,350	$156,140
Poyen	$19,340	$47,550	$86,000	$134,550	$171,615
Prattsville	$18,300	$42,550	$77,350	$147,300	$212,050
Redfield	$16,245	$35,125	$70,800	$138,638	$196,680
Sheridan	$23,270	$57,600	$113,050	$175,450	$245,760
Traskwood	$45,040	$77,100	$109,700	$161,400	$185,630
Tull	$45,620	$62,350	$113,300	$158,200	$211,790
White Hall	$17,750	$29,425	$65,900	$137,625	$219,100

Source: Ownwell

Property Tax Bills Across Grant County, Arkansas

In Grant County, Arkansas, property tax bills 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 $100,075, and the property tax rate is applied to the assessed value to determine the tax bill. Factors such as property location and the local tax rate play a crucial role in the final tax amount. For instance, the median property tax bill in Grant County is significantly lower than the national median of $2,400, with the 25th percentile tax bill at $376 and the 75th percentile at $1,345. This variation indicates that homeowners in different parts of the county may experience different tax burdens. In Hensley, the highest median tax bill is $1,257, whereas in Leola, it is as low as $363. These differences can affect homeowners' financial planning and the affordability of living in certain areas within the county. Understanding these factors is essential for homeowners to budget effectively for their property taxes.

Property Tax Bills Across Grant County, Arkansas

Source: Ownwell

$363

$810

$1,257

Median Grant County Tax Bill

$770

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Grant County, Arkansas

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Benton	$225	$491	$950	$1,374	$2,202
Grapevine	$129	$260	$536	$1,034	$1,678
Hensley	$220	$531	$1,257	$1,490	$1,823
Jefferson	$92	$307	$589	$1,172	$1,877
Leola	$68	$152	$363	$566	$999
Malvern	N/A	N/A	N/A	N/A	N/A
Pine Bluff	$145	$297	$533	$911	$1,222
Poyen	$190	$401	$750	$1,322	$1,768
Prattsville	$148	$325	$571	$1,065	$1,772
Redfield	$129	$250	$547	$1,039	$1,602
Sheridan	$180	$439	$874	$1,425	$2,101
Traskwood	$351	$691	$921	$1,481	$1,994
Tull	$456	$552	$920	$1,469	$1,945
White Hall	$148	$216	$542	$994	$1,778

Source: Ownwell