Jonesboro, Baxter County, Arkansas Property Taxes

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

Median JONESBORO, AR effective property tax rate: 0.58%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median JONESBORO, AR home value: $393,650
Median annual JONESBORO, AR tax bill: $2,290, $110 lower than the national median property tax bill of $2,400.

How are property taxes in Baxter 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, Baxter County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.58%

Estimate Property Tax Bill

$2,283

$2,119

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

Property Tax Rates Across Jonesboro, Baxter County, Arkansas

Local government entities set 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.

In Jonesboro, located in Craighead County, Arkansas, property owners experience a different scenario compared to other regions. The effective property tax rate in Jonesboro is notably lower than the national median, making it an attractive location for property owners. Arkansas, as a whole, has a median property tax rate that is significantly below the national average. This offers a financial advantage to homeowners in the state, especially when compared to the national median property tax rate of 1.02% and a median tax bill of $2400.

Jonesboro’s favorable tax climate can be a compelling factor for potential property buyers looking for cost-effective ownership. Understanding these local tax dynamics is crucial for property owners and prospective buyers aiming to make informed decisions.

Property Tax Rates Across Jonesboro, Baxter County, Arkansas

Source: Ownwell

0.62%

0.81%

0.99%

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 Tax Rate

0.58%

Median Effective Baxter County Tax Rate

0.65%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Jonesboro, Baxter County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72404	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Jonesboro, Baxter 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 Craighead 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 Craighead County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 $393,650, with tax bills ranging significantly across the county. 72401 has the highest median home price at $393,650.

Property Tax Assessment Values Across Jonesboro, Baxter County, Arkansas

Source: Ownwell

$50,600

$102,075

$153,550

Median Jonesboro Market Value

$393,650

Median Baxter County Market Value

$137,150

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Jonesboro, Baxter County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72404	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Jonesboro, Baxter County, Arkansas

In Jonesboro, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, and factors such as location, property size, and improvements can influence this valuation. In Craighead County, where Jonesboro is located, the median property tax bill is significantly lower than the national median, offering homeowners a financial advantage. However, even with a lower tax rate, the tax burden can still be substantial for some homeowners, especially those with higher-valued properties.

Ownwell assists homeowners in Jonesboro by providing expert property tax appeal and exemption services. We analyze your property's assessed value and compare it with market trends to identify potential discrepancies. Our team works diligently to ensure your property is not over-assessed, potentially lowering your tax bill. By leveraging our expertise, homeowners can achieve significant savings, ensuring they only pay their fair share. With Ownwell, navigating the complexities of property taxes becomes a streamlined process, offering peace of mind and financial relief.

Property Tax Bills Across Jonesboro, Baxter County, Arkansas

Source: Ownwell

$290

$653

$1,016

Median Jonesboro Tax Bill

$2,290

Median Baxter County Tax Bill

$862

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Jonesboro, Baxter County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72404	N/A	N/A	N/A	N/A	N/A

Source: Ownwell