Bay, Craighead County, Arkansas Property Taxes
Property Taxes in Bay, Arkansas
Median Bay, Arkansas effective property tax rate: 0.95%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median Bay, Arkansas home value: $90,892
Median annual Bay, Arkansas tax bill: $813, $1,587 lower than the national median property tax bill of $2,400.
How are property taxes in Craighead calculated?
Property taxes in Bay, 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 Bay's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bay, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Bay, Craighead County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.95%
Estimate Property Tax Bill
$863
$801
How Does the Bay Property Tax Calculator Work?
Use this Bay property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Bay's median effective tax rate of 0.95% — based on actual property records in Craighead 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 Bay'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 Bay: rates range from 0.95% in 72411 to 0.95% in 72411, 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 Bay.
About Bay Property Taxes
About Property Taxes in Bay, Craighead, Arkansas
Bay’s median effective property tax rate of 0.95% is lower than the Arkansas state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Craighead 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 Bay. Homeowners in the 72411 ZIP code carry a median effective rate of 0.95%, while those in the same ZIP code pay 0.95%. This reflects how school district boundaries and local assessment districts are drawn across Craighead County. Understanding which part of Bay you live in can make a meaningful difference to your annual tax bill.
Bay homeowners who believe their assessed value is too high can file a formal appeal with the 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 Bay, Craighead 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 Bay'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 Bay Tax Rate
0.95%
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 Craighead County Tax Rate
0.85%
Median Effective Arkansas Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bay, Craighead County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72411 | 0.62% | 0.81% | 0.95% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Bay, Craighead County, Arkansas
When examining property taxes in Bay, 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 Craighead 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 Craighead 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. 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 Bay.
For example, the median home price in Bay is $90,892, with tax bills ranging significantly across the county. 72411 has the highest median home price at $90,892.
Property Tax Assessment Values Across Bay, Craighead County, Arkansas
Source: Ownwell
$45,905
$120,628
$195,350
Median Bay Market Value
$90,892
Median Craighead County Market Value
$151,898
Median Arkansas Market Value
$118,750
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bay, Craighead County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72411 | $36,808 | $64,321 | $90,892 | $120,095 | $180,426 |
Source: Ownwell
Property Tax Bills Across Bay, Craighead County, Arkansas
Property tax bills in Bay are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. That means the bill is shaped by both the home’s value and the tax rates set by local taxing authorities. For homeowners, this can create meaningful differences from one property to another, even within the same city.
In Bay, the median home price is $90,892, and the median tax bill is $813.00 in ZIP code 72411. The 25th percentile tax bill is $505, while the 75th percentile is $1,103 and the 90th percentile is $1,597. Compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400, Bay homeowners generally face lower property tax costs.
Median Bay Tax Bill
$813
Median Craighead County Tax Bill
$1,273
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Bay, Craighead County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72411 | $299 | $505 | $813 | $1,103 | $1,597 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 17 |
Links | |
|---|---|
| Craighead Tax Assessor | |
| Website | www.arcountydata.com |