Greene County Property Taxes
The median property tax rate in Greene County is 0.84%, which aligns with the Arkansas state median but is lower than the national median of 0.99%. With a median home value of $101,950, the typical annual property tax bill in Greene County amounts to $820, significantly below the national median of $2,690. Property taxes here 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 Greene County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you live in Paragould or another part of Greene County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Greene County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,680
Ownwell’s Greene County Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Greene County with just two data points. By entering your property's estimated assessed value, our calculator applies the median tax rate in Greene County to provide an estimate of your property tax bill. This tool is invaluable for understanding potential tax liabilities. For more localized insights, you can explore trends at the city level by scrolling down to our detailed informational pages. Your property assessed value is the value assigned by the county for tax calculations and considers any exemptions you may qualify for.
Property Tax Rates Across Greene County, Arkansas
Property taxes in Greene County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Greene County is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Greene County set these rates annually, and they can vary significantly between different areas within the county. Each year, Greene 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 Delaplaine has one of the higher property tax rates in the region at 0.86%, while the city of Knobel boasts one of the lowest at 0.61%. Analyzing how Greene County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Greene County Tax Rate
0.84%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greene County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beech Grove | 0.56% | 0.70% | 0.80% | 0.86% | 0.86% |
| Bono | 0.58% | 0.69% | 0.78% | 0.86% | 0.86% |
| Brookland | 0.58% | 0.62% | 0.71% | 0.77% | 0.78% |
| Delaplaine | 0.64% | 0.77% | 0.86% | 0.86% | 0.89% |
| Jonesboro | 0.59% | 0.65% | 0.75% | 0.86% | 0.86% |
| Knobel | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% |
| Lafe | 0.53% | 0.63% | 0.73% | 0.79% | 0.84% |
| Marmaduke | 0.59% | 0.66% | 0.78% | 0.82% | 0.84% |
| Paragould | 0.64% | 0.75% | 0.85% | 0.92% | 0.92% |
| Peach Orchard | 0.61% | 0.67% | 0.76% | 0.79% | 0.84% |
| Rector | 0.58% | 0.65% | 0.74% | 0.79% | 0.79% |
| Walcott | 0.68% | 0.69% | 0.71% | 0.74% | 0.75% |
| Walnut Ridge | 0.67% | 0.72% | 0.86% | 0.86% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Greene County, Arkansas
In Greene 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 Greene 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 Greene 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 instance, the highest median tax bill in Greene County is in Walcott at $1,369, whereas the lowest is in Walnut Ridge at $415. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Greene County Assessed Value
$101,950
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Greene County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beech Grove | $22,950 | $52,150 | $92,525 | $151,712 | $251,280 |
| Bono | $11,540 | $33,012 | $70,425 | $113,412 | $223,110 |
| Brookland | $100,125 | $106,450 | $152,450 | $189,562 | $225,125 |
| Delaplaine | $15,250 | $34,538 | $64,325 | $111,700 | $218,650 |
| Jonesboro | $12,420 | $32,850 | $87,350 | $147,750 | $201,460 |
| Knobel | $85,750 | $85,750 | $85,750 | $85,750 | $85,750 |
| Lafe | $16,740 | $34,000 | $64,100 | $116,600 | $171,110 |
| Marmaduke | $13,350 | $32,125 | $61,950 | $111,412 | $185,725 |
| Paragould | $32,000 | $62,350 | $108,300 | $165,900 | $236,735 |
| Peach Orchard | $9,620 | $46,600 | $64,050 | $75,500 | $139,340 |
| Rector | $26,370 | $57,875 | $98,400 | $185,625 | $262,360 |
| Walcott | $9,170 | $22,925 | $45,850 | $183,400 | $265,930 |
| Walnut Ridge | $23,000 | $34,275 | $57,650 | $62,850 | $86,690 |
Source: Ownwell
Property Tax Bills Across Greene County, Arkansas
In Greene County, AR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the home's market value. Once the assessed value is established, local tax rates are applied to calculate the property tax bill. These tax rates can vary based on the specific location within the county, such as between cities like Walnut Ridge, where the median tax bill is $415, and Walcott, where it reaches $1,369. Several factors influence the final tax bill, including the home's market value, the local tax rate, and any applicable exemptions or deductions. Homeowners in Greene County may see tax bills ranging from $450 at the 25th percentile to $1,906 at the 90th percentile, reflecting a wide range of property values and tax rates within the county. Compared to the national median property tax rate of 0.99%, Greene County residents generally experience lower property tax rates, which can significantly impact their annual financial planning and homeownership costs.
Average Greene County Tax Bill
$820
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Greene County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beech Grove | $163 | $381 | $690 | $1,116 | $1,994 |
| Bono | $98 | $243 | $525 | $864 | $1,898 |
| Brookland | $690 | $804 | $982 | $1,231 | $1,609 |
| Delaplaine | $120 | $275 | $533 | $874 | $1,795 |
| Jonesboro | $123 | $242 | $620 | $1,093 | $1,623 |
| Knobel | $524 | $524 | $524 | $524 | $524 |
| Lafe | $143 | $249 | $444 | $809 | $1,154 |
| Marmaduke | $111 | $241 | $449 | $839 | $1,317 |
| Paragould | $270 | $506 | $884 | $1,378 | $1,959 |
| Peach Orchard | $75 | $355 | $426 | $547 | $1,164 |
| Rector | $186 | $379 | $682 | $1,282 | $1,936 |
| Walcott | $521 | $839 | $1,369 | $1,899 | $2,217 |
| Walnut Ridge | $207 | $292 | $415 | $537 | $621 |
Source: Ownwell