Monroe County, Arkansas Property Taxes

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

Median Monroe County effective property tax rate: 0.96%, slightly lower than the national median of 1.02%.
Median Monroe County home value: $34,500
Median annual Monroe County tax bill: $356, $2,044 lower than the national median property tax bill of $2,400.

How are property taxes in Monroe County calculated?

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

Last Updated March 1, 2025

Monroe County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.96%

Estimate Property Tax Bill

$331

$307

Ownwell’s Monroe County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Monroe County with just two data points.

By entering your property's estimated assessed value, our calculator applies Monroe 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 Monroe County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Monroe County, Arkansas

Local government entities set property 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 Monroe County's effective property tax rate to other counties in Arkansas or the U.S. median property tax rate. Monroe County has an effective property tax rate of 0.96%, slightly below the national median of 1.02%. Clarendon, within Monroe County, has the highest median tax rate at 1.07%, while Marvell boasts the lowest at 0.83%. This range highlights the variability in property tax rates even within a single county. Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively. Whether you're in Monroe County or elsewhere in Arkansas, knowing your local tax rate can help you make informed decisions about property investments and appeals.

Property Tax Rates Across Monroe County, Arkansas

Source: Ownwell

0.83%

0.95%

1.07%

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 Monroe County Tax Rate

0.96%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Monroe County, Arkansas

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Brinkley	0.85%	0.89%	0.96%	0.96%	0.96%
Clarendon	0.87%	0.96%	1.07%	1.07%	1.07%
Cotton Plant	0.75%	0.88%	0.89%	0.89%	0.89%
Holly Grove	0.77%	0.96%	0.96%	0.96%	1.07%
Marvell	0.83%	0.83%	0.83%	0.83%	0.83%
Moro	0.85%	0.89%	0.89%	0.89%	0.94%
Roe	0.84%	0.95%	0.96%	0.99%	0.99%
Wheatley	0.48%	0.71%	0.90%	0.90%	0.90%

Source: Ownwell

Property Tax Assessment Values Across Monroe County, Arkansas

When examining property taxes in Monroe 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 Monroe 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 Monroe 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 Monroe County. For example, the median tax bill in Monroe County is $564, with tax bills ranging significantly across the county. Cotton Plant has the highest median home price at $60,200.

Property Tax Assessment Values Across Monroe County, Arkansas

Source: Ownwell

$31,100

$45,650

$60,200

Median Monroe County Market Value

$34,500

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Monroe County, Arkansas

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Brinkley	$7,010	$17,500	$32,700	$68,300	$128,600
Clarendon	$4,080	$14,700	$31,100	$50,300	$77,090
Cotton Plant	$3,810	$37,825	$60,200	$91,725	$167,640
Holly Grove	$6,690	$19,950	$41,500	$78,750	$138,020
Marvell	$22,920	$26,138	$37,950	$66,238	$230,360
Moro	$8,795	$30,675	$51,600	$96,138	$224,250
Roe	$4,420	$19,850	$39,500	$73,650	$120,000
Wheatley	$19,335	$29,012	$37,100	$56,775	$67,705

Source: Ownwell

Property Tax Bills Across Monroe County, Arkansas

In Monroe County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Various factors influence this calculation, including the property's location, size, and local government budget needs. Homeowners in Monroe County can expect a range of tax bills, with the 25th percentile paying around $194 and the 75th percentile paying approximately $645. For those at the 90th percentile, the tax bill can reach up to $1,125. Comparatively, the city of Cotton Plant has the highest median tax bill in the county at $564, while Wheatley has the lowest at $278. These figures are significantly below the national median property tax bill of $2,400. Understanding these factors is crucial for homeowners as property taxes can impact overall housing affordability and financial planning.

Property Tax Bills Across Monroe County, Arkansas

Source: Ownwell

$278

$421

$564

Median Monroe County Tax Bill

$356

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Monroe County, Arkansas

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Brinkley	$112	$186	$323	$643	$1,145
Clarendon	$110	$187	$349	$541	$820
Cotton Plant	$254	$371	$564	$810	$1,686
Holly Grove	$99	$216	$410	$734	$1,292
Marvell	$190	$216	$314	$548	$1,907
Moro	$200	$306	$462	$956	$2,039
Roe	$87	$214	$397	$753	$1,131
Wheatley	$104	$185	$278	$504	$609

Source: Ownwell