Knobel, Clay County, Arkansas Property Taxes
Median Knobel, AR effective property tax rate: 0.80%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Knobel, AR home value: $36,450
Median annual Knobel, AR tax bill: $269, $2,131 lower than the national median property tax bill of $2,400.
How are property taxes in Clay County calculated?
Property taxes in Knobel, 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 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 March 1, 2025
Knobel, Clay County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.8%
Estimate Property Tax Bill
$292
$271
Property Tax Rates Across Knobel, Clay 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 Knobel Tax Rate
0.80%
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
0.78%
Median Effective Arkansas Tax Rate
0.84%
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 | 0.59% | 0.69% | 0.80% | 0.85% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Knobel, Clay County, Arkansas
When examining property taxes in Knobel, AR, 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.
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 $36,450, with tax bills ranging significantly across the county. Zip code 72435 has the highest median home price at $36,450.
Property Tax Assessment Values Across Knobel, Clay County, Arkansas
Source: Ownwell
$16,575
$46,863
$77,150
Median Knobel Market Value
$36,450
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 Knobel, Clay County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72435 | $3,030 | $15,450 | $36,450 | $64,250 | $103,500 |
Source: Ownwell
Property Tax Bills Across Knobel, Clay County, Arkansas
In Knobel, property tax bills are determined by assessing the property's market value and applying the local tax rate. With a median home price of $36,450, the property tax bills in Clay County range significantly. The 25th percentile tax bill is $122, while the 75th percentile reaches $460, and the 90th percentile can be as high as $737. Interestingly, the highest and lowest median tax bill in the area are both $269, which is significantly lower than the national median property tax bill of $2,400. These variations can greatly impact homeowners, especially in managing their annual expenses.
Ownwell provides a valuable service by helping homeowners navigate these property tax assessments. By appealing assessments and identifying potential exemptions, Ownwell can assist homeowners in reducing their property tax bills. This service not only helps in immediate savings but also ensures that homeowners are not overpaying in the long run. With Ownwell's expertise, homeowners in Knobel can achieve significant savings and gain peace of mind regarding their property tax obligations.
Median Knobel Tax Bill
$269
Median Clay County Tax Bill
$445
Median Arkansas Tax Bill
$877
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 | $40 | $122 | $269 | $460 | $737 |
Source: Ownwell