Property Taxes in Black Oak, Arkansas
Median Black Oak, Arkansas effective property tax rate: 0.86%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median Black Oak, Arkansas home value: $59,688
Median annual Black Oak, Arkansas tax bill: $486, lower than the national median property tax bill of $2,400.
How are property taxes in Craighead calculated?
Property taxes in Black Oak, 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 Black Oak's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Black Oak, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Black Oak Property Tax Calculator Work?
Use this Black Oak property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Black Oak's median effective tax rate of 0.86% — 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 Black Oak'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 Black Oak: rates range from 0.86% in 72414 to 0.86% in 72414, 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 Black Oak.
About Black Oak Property Taxes
About Property Taxes in Black Oak, Craighead, Arkansas
Black Oak’s median effective property tax rate of 0.86% 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 Black Oak. Homeowners in the 72414 ZIP code carry a median effective rate of 0.86%, while those in the same ZIP code also pay 0.86%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Craighead County. Understanding which part of Black Oak you live in can make a meaningful difference to your annual tax bill.
Black Oak homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before August 17, 2026.
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 Black Oak, 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 Black Oak'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 Black Oak Tax Rate
0.86%
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
1.27%
Property Tax Rates Across Black Oak, Craighead County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72414 | 0.58% | 0.79% | 0.86% | 0.86% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Black Oak, Craighead County, Arkansas
When examining property taxes in Black Oak, 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 Black Oak.
For example, the median home price in Black Oak is $59,688, with tax bills ranging significantly across the county. Zip code 72414 has the highest median home price at $59,688.
Property Tax Assessment Values Across Black Oak, Craighead County, Arkansas
Source: Ownwell
$45,905
$120,628
$195,350
Median Black Oak Market Value
$59,688
Median Craighead County Market Value
$151,898
Median Arkansas Market Value
$118,750
Median United States Market Value
$274,101
Property Tax Assessment Values Across Black Oak, Craighead County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72414 | $8,602 | $33,522 | $59,688 | $114,485 | $162,538 |
Source: Ownwell
Property Tax Bills Across Black Oak, Craighead County, Arkansas
Property tax bills in Black Oak are based on the assessed value of a home, not its market price. Local taxing authorities apply the property tax rate to that assessed value to determine the annual bill, so changes in assessment can directly affect what homeowners owe. For Black Oak, the median home price is $59,688, which helps show how property values factor into the tax calculation.
Homeowners in the city can see a wide range in tax bills depending on the home’s assessed value and the tax rates that apply. The 25th percentile tax bill is $236, while the 75th percentile is $939 and the 90th percentile is $1,453. The median tax bill in the area is $486, with the highest and lowest median tax bill both recorded in 72414 at $486.
Because property taxes are tied to assessment, even small changes in value can affect a homeowner’s annual cost and overall housing budget.
Median Black Oak Tax Bill
$486
Median Craighead County Tax Bill
$1,273
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$3,209
Property Tax Bills Across Black Oak, Craighead County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72414 | $70 | $236 | $486 | $939 | $1,453 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 17 |
Links | |
|---|---|
| Craighead Tax Assessor | |
| Website | www.arcountydata.com |