Paragould, Clay County, Arkansas Property Taxes
Median Paragould, AR effective property tax rate: 0.88%, significantly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Paragould, AR home value: $36,800
Median annual Paragould, AR tax bill: $308, $2,092 lower than the national median property tax bill of $2,400.
How are property taxes in Clay County calculated?
Property taxes in Paragould, 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 Paragould’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Paragould, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Paragould, Clay County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.61%
Estimate Property Tax Bill
$142
$132
Property Tax Rates Across Paragould, Clay County, Arkansas
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the core of the annual process.
In Paragould, located in Greene County, Arkansas, the effective property tax rate stands at 0.54%, which is lower than the state median of 0.61% and the national median of 1.02%. Residents of Paragould benefit from a property tax bill of about $640, significantly less than the national median of $2400. This lower tax burden can be attributed to the county's efficient budget management and the relatively low assessed property values.
When comparing Paragould's property tax rate to other cities in Arkansas, it becomes evident that residents enjoy a more favorable tax situation. As property tax rates continue to be a significant factor in homeownership costs, understanding these regional differences can help homeowners make informed decisions.
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 Paragould Tax Rate
0.61%
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 Paragould, Clay County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72450 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Paragould, Clay County, Arkansas
When examining property taxes in Paragould, 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 Paragould. For example, the median home price in Paragould is $36,800, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Paragould, Clay County, Arkansas
Source: Ownwell
$18,865
$45,558
$72,250
Median Paragould Market Value
$23,250
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 Paragould, Clay County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72450 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Paragould, Clay County, Arkansas
Median Paragould Tax Bill
$101
Median Clay County Tax Bill
$285
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Paragould, Clay County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72450 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
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| Appeal Deadline | August 17 |
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