Monette, Craighead County, Arkansas Property Taxes
Median Monette, AR effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Monette, AR home value: $90,005
Median annual Monette, AR tax bill: $576, $1,824 lower than the national median property tax bill of $2,400.
How are property taxes in Craighead County calculated?
Property taxes in Monette, 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 Monette’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Monette, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Monette, Craighead County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.68%
Estimate Property Tax Bill
$612
$568
Property Tax Rates Across Monette, Craighead County, Arkansas
Local government entities determine tax rates, which can vary significantly within Arkansas. Each year, counties estimate their required budgets to provide services and divide this by the total value of all taxable property within their jurisdictions. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
Monette in Craighead County has a median property tax rate of 0.68%, which is notably lower than the national median of 1.02%. This makes Monette an attractive option for homeowners looking to save on property taxes compared to the national average. Despite this lower rate, the quality of services provided remains a priority for the county. Homeowners in Monette benefit from a favorable tax environment while still enjoying the amenities and services funded by these taxes.
By comparing Monette’s effective property tax rate with other cities in Arkansas and the median property tax rates in the state and the U.S., homeowners can make informed decisions about their property investments.
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 Monette Tax Rate
0.68%
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
0.83%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Monette, Craighead County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72447 | 0.50% | 0.60% | 0.68% | 0.80% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Monette, Craighead County, Arkansas
When examining property taxes in Monette, 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: Craighead County sends assessment notices 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 Monette. For example, the median home price in Monette is $90,005, with tax bills ranging significantly across the county. ZIP code 72447 has the highest median home price at $90,005.
Property Tax Assessment Values Across Monette, Craighead County, Arkansas
Source: Ownwell
$52,730
$123,665
$194,600
Median Monette Market Value
$90,005
Median Craighead County Market Value
$151,595
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Monette, Craighead County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72447 | $29,083 | $52,422 | $90,005 | $136,965 | $212,642 |
Source: Ownwell
Property Tax Bills Across Monette, Craighead County, Arkansas
Median Monette Tax Bill
$576
Median Craighead County Tax Bill
$1,210
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Monette, Craighead County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72447 | $204 | $354 | $576 | $955 | $1,516 |
Source: Ownwell