Greenway, Clay County, Arkansas Property Taxes
Property Taxes in Greenway, Arkansas
Median Greenway, Arkansas effective property tax rate: 0.84%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median Greenway, Arkansas home value: $40,200
Median annual Greenway, Arkansas tax bill: $286, lower than the national median property tax bill of $2,400.
How are property taxes in Clay calculated?
Property taxes in Greenway, 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 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 April 13, 2026
Greenway, Clay County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.84%
Estimate Property Tax Bill
$338
$313
How Does the Greenway Property Tax Calculator Work?
Use this Greenway property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Greenway's median effective tax rate of 0.84% — based on actual property records in Clay County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment authority uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Greenway'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 Greenway: rates range from 0.84% in 72430 to 0.84% in 72430, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Greenway.
About Greenway Property Taxes
About Property Taxes in Greenway, Clay, Arkansas
Greenway’s median effective property tax rate of 0.84% is lower than the Arkansas state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Clay 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 Greenway. Homeowners in the 72430 ZIP code carry a median effective rate of 0.84%, while those in the lowest ZIP code pay 0.84%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Clay County. Understanding which part of Greenway you live in can make a meaningful difference to your annual tax bill.
Greenway 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 Greenway, Clay 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 Greenway'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 Greenway Tax Rate
0.84%
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 Clay County Tax Rate
0.68%
Median Effective Arkansas Tax Rate
0.81%
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 | 0.23% | 0.54% | 0.84% | 0.97% | 1.07% |
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 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 Clay 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. For example, the median home price in Greenway is $40,200, with a median tax bill of $286. The highest median home price is in 72430 at $40,200.
Property Tax Assessment Values Across Greenway, Clay County, Arkansas
Source: Ownwell
$18,865
$45,558
$72,250
Median Greenway Market Value
$40,200
Median Clay County Market Value
$56,025
Median Arkansas Market Value
$118,750
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 | $6,190 | $18,400 | $40,200 | $92,600 | $154,620 |
Source: Ownwell
Property Tax Bills Across Greenway, Clay County, Arkansas
Greenway property tax bills are based on the assessed value of a home and the local tax rate set for Clay County. The assessed value is used to calculate how much tax a homeowner owes, so changes in market value can affect the final bill. For a home with a median home price of $40,200, the property tax bill can vary widely depending on where the property is located and how it is assessed.
In Greenway, the 25th percentile tax bill is $137, the 75th percentile tax bill is $581, and the 90th percentile tax bill is $1,195. The highest median tax bill is $286 in ZIP code 72430, and the lowest median tax bill is also $286 in the same ZIP code. Compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400, Greenway homeowners often see lower bills, but the amount still depends on assessed value and local rates.
Median Greenway Tax Bill
$286
Median Clay County Tax Bill
$285
Median Arkansas Tax Bill
$870
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 | $64 | $137 | $286 | $581 | $1,195 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 17 |
Links | |
|---|---|
| Clay Tax Assessor | |
| Website | www.arcountydata.com |