Jonesboro, Greene County, Arkansas Property Taxes
Median Jonesboro, AR effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Jonesboro, AR home value: $87,350
Median annual Jonesboro, AR tax bill: $620, $1,780 lower than the national median property tax bill of $2,400.
How are property taxes in Greene County 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, Greene County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.75%
Estimate Property Tax Bill
$655
$608
Property Tax Rates Across Jonesboro, Greene County, Arkansas
Local government entities are responsible for setting tax rates, which can differ significantly within a state. Each year, counties estimate their budgetary needs for public services and divide this by the total assessed value of all taxable properties within their borders. This calculation determines the property tax rate. While votes and legislation play roles in establishing these rates and budgets, this is essentially the annual procedure.
In Jonesboro, located in Greene County, Arkansas, the effective property tax rate is a reflection of this process. Compared to other cities in Arkansas, Jonesboro's tax rate offers a unique perspective on how local governance prioritizes and funds essential services. The state's median property tax rate is 0.75%, which is below the national median of 1.02%. This lower rate can be an attractive factor for property owners considering relocation or investment.
Understanding these rates is crucial for property owners in making informed financial decisions. By comparing Jonesboro's effective property tax rate with the national median, homeowners can better assess the relative affordability and value of their property investments.
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 Taxx Rate
0.75%
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 Greene County Taxx Rate
0.84%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
0.99%
Property Tax Rates Across Jonesboro, Greene County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72401 | 0.59% | 0.66% | 0.75% | 0.86% | 0.86% |
| 72405 | 0.55% | 0.59% | 0.73% | 0.75% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Jonesboro, Greene 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 Greene 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 Greene County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 $87,350, with tax bills ranging significantly across the county. Zip code 72405 has the highest median home price at $129,800.
Property Tax Assessment Values Across Jonesboro, Greene County, Arkansas
Source: Ownwell
$57,650
$93,725
$129,800
Median Jonesboro Market Value
$87,350
Median Greene County Market Value
$101,950
Median Arkansas Market Value
$113,950
Median United States Market Value
$244,900
Property Tax Assessment Values Across Jonesboro, Greene County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72401 | $10,955 | $32,162 | $74,700 | $146,850 | $198,240 |
| 72405 | $41,110 | $91,575 | $129,800 | $181,450 | $361,050 |
Source: Ownwell
Property Tax Bills Across Jonesboro, Greene County, Arkansas
Median Jonesboro Tax Bill
$620
Median Greene County Tax Bill
$820
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,690
Property Tax Bills Across Jonesboro, Greene County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72401 | $114 | $233 | $606 | $1,086 | $1,591 |
| 72405 | $445 | $603 | $903 | $1,427 | $2,822 |
Source: Ownwell