Prairie Grove, Washington County, Arkansas Property Taxes

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

Median Prairie Grove, AR effective property tax rate: 0.56%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Prairie Grove, AR home value: $243,900
Median annual Prairie Grove, AR tax bill: $1,382, $1,018 lower than the national median property tax bill of $2,400.

How are property taxes in Washington County calculated?

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

Last Updated March 1, 2025

Prairie Grove, Washington County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.56%

Estimate Property Tax Bill

$1,366

$1,267

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

Property Tax Rates Across Prairie Grove, Washington County, Arkansas

Local government entities set tax rates, which can vary widely within a state. This variability is due to each county estimating its required budget annually to provide essential services. The budget is then divided by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process. For residents of Prairie Grove in Washington County, Arkansas, understanding how these tax rates stack up against other cities can offer valuable insights. The city’s effective property tax rate provides a point of comparison to other cities in Arkansas and the national median. With the national median property tax rate at 1.02%, Prairie Grove's rate offers a contrast, reflecting local economic conditions and budgetary needs. Comparing these rates can help property owners evaluate their tax responsibilities and consider potential savings through property tax appeals or exemptions.

Property Tax Rates Across Prairie Grove, Washington County, Arkansas

Source: Ownwell

0.45%

0.61%

0.77%

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 Prairie Grove Tax Rate

0.56%

Median Effective Washington County Tax Rate

0.60%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Prairie Grove, Washington County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72753	0.28%	0.43%	0.56%	0.74%	0.91%

Source: Ownwell

Property Tax Assessment Values Across Prairie Grove, Washington County, Arkansas

When examining property taxes in Prairie Grove, AR, 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 Washington 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 Washington 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 Prairie Grove. For example, the median home price in Prairie Grove is $243,900, with tax bills ranging significantly across the county. Zip code 72753 has the highest median home price at $243,900.

Property Tax Assessment Values Across Prairie Grove, Washington County, Arkansas

Source: Ownwell

$93,250

$320,713

$548,175

Median Prairie Grove Market Value

$243,900

Median Washington County Market Value

$274,150

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Prairie Grove, Washington County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72753	$109,480	$175,800	$243,900	$309,200	$388,330

Source: Ownwell

Property Tax Bills Across Prairie Grove, Washington County, Arkansas

In Prairie Grove, Washington County, Arkansas, property tax bills are determined by the assessed value of a home, which is a fraction of its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. With a median home price of $243,900, homeowners in Prairie Grove pay a median tax bill that is significantly lower than the national median of $2,400. The tax bill can range from around $829 at the 25th percentile to $2,870 at the 90th percentile, depending on the home's value and specific exemptions that may apply. For many homeowners, these taxes can represent a substantial financial burden. Ownwell offers a valuable service by assisting homeowners in appealing their property tax assessments and securing exemptions. This can lead to significant savings, as Ownwell's expertise helps ensure that homeowners are not overpaying on their property taxes. By effectively navigating the property tax system, Ownwell can help reduce the financial strain on homeowners in Prairie Grove.

Property Tax Bills Across Prairie Grove, Washington County, Arkansas

Source: Ownwell

$371

$1,707

$3,043

Median Prairie Grove Tax Bill

$1,382

Median Washington County Tax Bill

$1,659

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Prairie Grove, Washington County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72753	$384	$829	$1,382	$1,982	$2,870

Source: Ownwell