Greenway, Clay County, Arkansas Property Taxes

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

Median Greenway, AR effective property tax rate: 0.82%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Greenway, AR home value: $45,850
Median annual Greenway, AR tax bill: $417, $1,983 lower than the national median property tax bill of $2,400.

How are property taxes in Clay County calculated?

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

Last Updated March 1, 2025

Greenway, Clay County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.82%

Estimate Property Tax Bill

$376

$349

Ownwell’s Greenway Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Greenway with just two data points.

By entering your property's estimated assessed value, our calculator applies Greenway’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 Clay County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Greenway, Clay County, Arkansas

Local government entities in Arkansas set property tax rates, which can vary widely within the state. Annually, each county estimates its required budget to provide essential 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.

Greenway in Clay County, Arkansas, has an effective property tax rate of 0.82%. This is lower than the national median property tax rate of 1.02%. In Arkansas, property tax rates can differ significantly from one area to another, but Greenway's rate is consistent within its region. When comparing this rate to other cities in Arkansas, Greenway offers a competitive rate, aligning with both the highest and lowest median tax rates in the state. For property owners, this means potentially lower annual tax bills compared to the national median property tax bill of $2400. This makes Greenway an attractive location for those seeking more affordable property tax rates.

Property Tax Rates Across Greenway, Clay County, Arkansas

Source: Ownwell

0.63%

0.78%

0.93%

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 Greenway Tax Rate

0.82%

Median Effective Clay County Tax Rate

0.78%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Greenway, Clay County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72430	0.54%	0.68%	0.82%	0.92%	0.98%

Source: Ownwell

Property Tax Assessment Values Across Greenway, Clay County, Arkansas

When examining property taxes in Greenway, 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 Clay County Assessor 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 Clay 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 Greenway.

For example, the median home price in Greenway is $45,850, with tax bills ranging significantly across the county. Zip code 72430 has the highest median home price at $45,850.

Property Tax Assessment Values Across Greenway, Clay County, Arkansas

Source: Ownwell

$16,575

$46,863

$77,150

Median Greenway Market Value

$45,850

Median Clay County Market Value

$59,500

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Greenway, Clay County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72430	$10,710	$24,288	$45,850	$98,712	$159,145

Source: Ownwell

Property Tax Bills Across Greenway, Clay County, Arkansas

In Greenway, Arkansas, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value of the property. For homeowners, understanding this process is crucial, as it directly impacts their annual expenses. The median home price in Greenway is $45,850, which is significantly lower than the national median. Consequently, the property tax bills in this area tend to be lower, with the 25th percentile tax bill at $214 and the 75th percentile at $684. However, even within this range, there is potential for savings. Homeowners often find themselves paying more than necessary due to over-assessments or missed exemptions. This is where Ownwell comes in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their tax bills are accurate and fair. This not only reduces the financial burden but also brings peace of mind, knowing that they're not overpaying on their property taxes.

Property Tax Bills Across Greenway, Clay County, Arkansas

Source: Ownwell

$150

$340

$530

Median Greenway Tax Bill

$417

Median Clay County Tax Bill

$445

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Greenway, Clay County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72430	$115	$214	$417	$684	$1,193

Source: Ownwell