Diamond City, Boone County, Arkansas Property Taxes
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
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.99%
Estimate Property Tax Bill
$132
$123
Property Tax Rates Across Diamond City, Boone County, Arkansas
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
0.89%
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.
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