Knobel, Clay County, Arkansas Property Taxes
Property Taxes in Knobel, Arkansas
Median Knobel, Arkansas effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, and slightly higher than the Arkansas state median of 0.81%.
Median Knobel, Arkansas home value: $32,900
Median annual Knobel, Arkansas tax bill: $191, lower than the national median property tax bill of $2,400.
How are property taxes in Clay calculated?
Property taxes in Knobel, 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 Knobel's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Knobel, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Knobel, Clay County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.83%
Estimate Property Tax Bill
$273
$253
How Does the Knobel Property Tax Calculator Work?
Use this Knobel property tax calculator to estimate your annual property tax bill. Enter your property’s assessed value and our calculator applies Knobel’s median effective tax rate of 0.83% — based on actual property records in Clay 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 Knobel’s median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Knobel’s median effective tax rate is lower than the 1.02% national median property tax rate and slightly above the 0.81% Arkansas median tax rate. The median property tax bill is $191, which is $2,209 lower than the national median property tax bill of $2,400.
Your bill may vary by ZIP code within Knobel, but the median tax bill is $191 in 72435.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Knobel.
About Knobel Property Taxes
About Property Taxes in Knobel, Clay, Arkansas
Knobel's median effective property tax rate of 0.83% 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 Knobel. Homeowners in the 72435 ZIP code carry a median effective rate of 0.83%, while those in the same ZIP code pay 0.83%. 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 Knobel you live in can make a meaningful difference to your annual tax bill.
Knobel homeowners who believe their assessed value is too high can file a formal appeal with the Clay County 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 Knobel, 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 Knobel'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 Ă· 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 Knobel Tax Rate
0.83%
Our median effective property tax rate (tax bill Ă· 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 Knobel, Clay County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72435 | 0.22% | 0.61% | 0.83% | 0.93% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Knobel, Clay County, Arkansas
When examining property taxes in Knobel, 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.
Assessment notices:
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 Knobel.
For example, the median home price in Knobel is $32,900, with tax bills ranging significantly across the county. 72435 has the highest median home price at $32,900.
Property Tax Assessment Values Across Knobel, Clay County, Arkansas
Source: Ownwell
$18,865
$45,558
$72,250
Median Knobel Market Value
$32,900
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 Knobel, Clay County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72435 | $3,110 | $14,100 | $32,900 | $64,050 | $107,730 |
Source: Ownwell
Property Tax Bills Across Knobel, Clay County, Arkansas
Property tax bills in Knobel are calculated from the assessed value of a home and the local tax rate set for Clay County and other taxing authorities. The taxable value is based on the market value of the property, and that value is then multiplied by the applicable rate to determine the bill. For homeowners, this means a higher assessed value can lead to a higher tax bill, even if the home has not been sold.
In Knobel, the median home price is $32,900, which helps explain why many property tax bills are relatively modest compared with the national median property tax bill of $2,400. Still, bills can vary widely. The 25th percentile tax bill is $82, while the 75th percentile reaches $403 and the 90th percentile is $938. The highest and lowest median tax bill in the area is $191 in ZIP code 72435.
Median Knobel Tax Bill
$191
Median Clay County Tax Bill
$285
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Knobel, Clay County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72435 | $20 | $82 | $191 | $403 | $938 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 17 |
Links | |
|---|---|
| Clay Tax Assessor | |
| Website | www.arcountydata.com |