Trumann, Poinsett County, Arkansas Property Taxes

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

Median Trumann, 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 Trumann, AR home value: $76,700
Median annual Trumann, AR tax bill: $541, $1,859 lower than the national median property tax bill of $2,400.

How are property taxes in Poinsett County calculated?

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

Last Updated March 1, 2025

Trumann, Poinsett County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.75%

Estimate Property Tax Bill

$575

$534

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

By entering your property's estimated assessed value, our calculator applies Trumann’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 Poinsett County.

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

Property Tax Rates Across Trumann, Poinsett County, Arkansas

Local government entities set tax rates, which can vary widely within a state. This is because each county annually 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 Trumann’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S. Trumann, located in Poinsett County, has a median property tax rate of 0.75%, aligning with both the highest and lowest rates in the region. This rate is significantly lower compared to the national median property tax rate of 1.02%. Homeowners in Trumann benefit from this lower rate, which can lead to substantial savings compared to other areas in the country. Understanding these local tax dynamics can be crucial for property owners looking to optimize their expenses.

Property Tax Rates Across Trumann, Poinsett County, Arkansas

Source: Ownwell

0.73%

0.83%

0.94%

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 Trumann Tax Rate

0.75%

Median Effective Poinsett County Tax Rate

0.79%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Trumann, Poinsett County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72472	0.53%	0.63%	0.75%	0.89%	0.97%

Source: Ownwell

Property Tax Assessment Values Across Trumann, Poinsett County, Arkansas

When examining property taxes in Trumann, 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 Poinsett 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.

In Poinsett County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Trumann.

For example, the median home price in Trumann is $76,700, with tax bills ranging significantly across the county. Zip code 72472 has the highest median home price at $76,700.

Property Tax Assessment Values Across Trumann, Poinsett County, Arkansas

Source: Ownwell

$43,175

$59,938

$76,700

Median Trumann Market Value

$76,700

Median Poinsett County Market Value

$65,250

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Trumann, Poinsett County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72472	$16,720	$39,250	$76,700	$134,450	$200,840

Source: Ownwell

Property Tax Bills Across Trumann, Poinsett County, Arkansas

In Trumann, Arkansas, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Trumann typically face a median property tax bill of $541, which is notably lower than the national median of $2,400. The tax bill is influenced by factors such as the home's assessed value, local tax rates, and any applicable exemptions or deductions. For instance, homes in the 25th percentile have tax bills around $266, while those in the 90th percentile can reach up to $1,559, highlighting the variation based on property value and location within the city.

These taxes can significantly impact homeowners' finances, especially if the assessed value of their property increases. Ownwell offers valuable services to help homeowners in Trumann save on their property tax bills. By providing expert property tax appeal and exemption services, Ownwell can assist in reducing the assessed value of a home, potentially lowering the tax burden and ensuring homeowners only pay their fair share.

Property Tax Bills Across Trumann, Poinsett County, Arkansas

Source: Ownwell

$326

$438

$550

Median Trumann Tax Bill

$541

Median Poinsett County Tax Bill

$472

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Trumann, Poinsett County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72472	$127	$266	$541	$977	$1,559

Source: Ownwell