Diamond City, Boone County, Arkansas Property Taxes
Property Taxes in Diamond City, Arkansas
Median Diamond City, Arkansas effective property tax rate: 0.99%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median Diamond City, Arkansas home value: $4,000
Median annual Diamond City, Arkansas tax bill: $40, $2,360 lower than the national median property tax bill of $2,400.
How are property taxes in Boone calculated?
Property taxes in Diamond City, Arkansas 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 Diamond City's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Diamond City, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Diamond City, Boone County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.99%
Estimate Property Tax Bill
$40
$37
How Does the Diamond City Property Tax Calculator Work?
Use this Diamond City property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Diamond City's median effective tax rate of 0.99% — based on actual property records in Boone County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Diamond City's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Diamond City: rates range from local differences in school district levies and assessment districts, which can affect your final tax bill.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Diamond City.
About Diamond City Property Taxes
About Property Taxes in Diamond City, Boone, Arkansas
Diamond City's median effective property tax rate of 0.99% is lower than the Arkansas state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Boone County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Diamond City. Homeowners in the 72644 ZIP code carry a median effective rate of 0.99%, while those in the 72644 pay 0.99%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Boone County. Understanding which part of Diamond City you live in can make a meaningful difference to your annual tax bill.
Diamond City homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the August 17, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Diamond City, Boone County, Arkansas
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, 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 Diamond City’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.
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 Diamond City Tax Rate
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 Boone County Tax Rate
0.87%
Median Effective Arkansas Tax Rate
0.81%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Diamond City, Boone County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72644 | 0.99% | 0.99% | 0.99% | 0.99% | 0.99% |
| 72630 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Diamond City, Boone County, Arkansas
When examining property taxes in Diamond City, 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 Boone 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.
Assessment notices:
In Boone County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 Diamond City.
For example, the median home price in Diamond City is $4,000, with tax bills ranging significantly across the county. 72644 has the highest median home price at $4,000.00.
Property Tax Assessment Values Across Diamond City, Boone County, Arkansas
Source: Ownwell
$4,000
$62,038
$120,075
Median Diamond City Market Value
$4,000
Median Boone County Market Value
$93,750
Median Arkansas Market Value
$118,750
Median United States Market Value
$274,101
Property Tax Assessment Values Across Diamond City, Boone County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72644 | $1,500 | $2,050 | $4,000 | $10,000 | $40,890 |
| 72630 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Diamond City, Boone County, Arkansas
How are property tax bills calculated in Diamond City, Boone County, Arkansas?
Property tax bills in Diamond City are based on the assessed value of a home, not its market price. Local taxing authorities apply the property tax rate to that assessed value to determine the annual bill. For homeowners, this means the amount owed can change when a property’s assessed value changes or when tax rates are adjusted.
What factors affect the bill? The main drivers are the home’s assessed value, local tax rates, and any exemptions that may apply. With a median home price of $4,000, property taxes in Diamond City are generally low compared with the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.
How does this affect homeowners? A lower assessed value usually means a smaller bill, while a higher assessment can raise the amount due. In Diamond City, the 25th percentile tax bill is $21, the 75th percentile is $101, and the 90th percentile is $413, showing how much bills can vary across homes.
Median Diamond City Tax Bill
$40
Median Boone County Tax Bill
$779
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$3,209
Property Tax Bills Across Diamond City, Boone County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72644 | $15 | $20 | $40 | $99 | $396 |
| 72630 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 17 |
Links | |
|---|---|
| Boone Tax Assessor | |
| Website | www.actdatascout.com |