Diamond City, Boone County, Arkansas Property Taxes

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

Median Diamond City, AR effective property tax rate: 0.99%, slightly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%. Median Diamond City, AR home value: $13,350. Median annual Diamond City, AR tax bill: $191, $2,209 lower than the national median property tax bill of $2,400.

How are property taxes in Boone County calculated?

Property taxes in Diamond City, 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 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 March 1, 2025

Diamond City, Boone County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.99%

Estimate Property Tax Bill

$132

$123

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

Property Tax Rates Across Diamond City, Boone County, Arkansas

Local government entities set tax rates, which can vary widely within a state. 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 votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell. In Diamond City, Boone County, Arkansas, the effective property tax rate is a reflection of this local governance process. With a median property tax rate of 0.99%, Diamond City is slightly below the national median property tax rate of 1.02%, offering a more affordable option for homeowners compared to many other regions in the country. This can be an attractive factor for potential property buyers looking for lower annual tax bills. When compared to other cities within Arkansas, Diamond City's tax rate provides a competitive edge, making it an appealing location for those seeking to balance affordable living with quality public services. Understanding these dynamics can help property owners make informed decisions about where to invest and how to manage their property taxes effectively.

Property Tax Rates Across Diamond City, Boone County, Arkansas

Source: Ownwell

0.78%

0.84%

0.91%

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%

Median Effective Boone County Tax Rate

0.89%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Diamond City, Boone County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72630	N/A	N/A	N/A	N/A	N/A
72644	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. Boone County 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 Boone County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 $13,350, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Diamond City, Boone County, Arkansas

Source: Ownwell

$70,200

$97,650

$125,100

Median Diamond City Market Value

$13,350

Median Boone County Market Value

$102,750

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Diamond City, Boone County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72630	N/A	N/A	N/A	N/A	N/A
72644	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Diamond City, Boone County, Arkansas

In Diamond City, Boone County, AR, property tax bills are determined by assessing the property's market value and applying the local tax rate. With a median home price of $13,350, homeowners in this region face a significantly lower tax burden compared to the national median property tax bill of $2,400. The tax bill at the 25th percentile is $65, while at the 75th percentile, it rises to $642, illustrating the range of tax obligations depending on property value and other factors. Factors influencing the tax bill include property size, location, and any applicable exemptions or deductions. For homeowners, understanding these elements is crucial as they directly impact the annual financial commitment.

Ownwell offers a valuable service by helping homeowners navigate the complexities of property taxes, identifying potential savings through appeals and exemptions. By leveraging expertise and local knowledge, Ownwell ensures that clients pay only their fair share, potentially saving hundreds of dollars annually. This service not only reduces financial strain but also offers peace of mind, knowing that property taxes are being managed efficiently and effectively.

Property Tax Bills Across Diamond City, Boone County, Arkansas

Source: Ownwell

$551

$807

$1,062

Median Diamond City Tax Bill

$191

Median Boone County Tax Bill

$870

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Diamond City, Boone County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72630	N/A	N/A	N/A	N/A	N/A
72644	N/A	N/A	N/A	N/A	N/A

Source: Ownwell