Monette, Craighead County, Arkansas Property Taxes
Property Taxes in Monette, Arkansas
Median Monette, Arkansas effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median Monette, Arkansas home value: $90,835
Median annual Monette, Arkansas tax bill: $624, lower than the national median property tax bill of $2,400.
How are property taxes in Craighead calculated?
Property taxes in Monette, 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 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 April 13, 2026
Monette, Craighead County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.76%
Estimate Property Tax Bill
$690
$641
How Does the Monette Property Tax Calculator Work?
Use this Monette property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Monette's median effective tax rate of 0.76% — 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 Monette'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 Monette: rates range from 0.76% in 72447 to 0.76% in 72447, 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 Monette.
About Monette Property Taxes
About Property Taxes in Monette, Craighead, Arkansas
Monette’s median effective property tax rate of 0.76% 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 Monette. Homeowners in the 72447 ZIP code carry a median effective rate of 0.76%, while those in the lowest ZIP also pay 0.76%. This spread reflects how school district boundaries and local assessment districts are drawn across Craighead County. Understanding which part of Monette you live in can make a meaningful difference to your annual tax bill.
Monette homeowners who believe their assessed value is too high can file a formal appeal with the 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 Monette, 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 Monette'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 Monette Tax Rate
0.76%
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 Monette, Craighead County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72447 | 0.53% | 0.65% | 0.76% | 0.86% | 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:
In Craighead County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
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 $90,835, with tax bills ranging significantly across the county. 72447 has the highest median home price at $90,835.
Property Tax Assessment Values Across Monette, Craighead County, Arkansas
Source: Ownwell
$45,905
$120,628
$195,350
Median Monette Market Value
$90,835
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 Monette, Craighead County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72447 | $26,306 | $51,662 | $90,835 | $143,455 | $221,050 |
Source: Ownwell
Property Tax Bills Across Monette, Craighead County, Arkansas
Monette property tax bills are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. The assessed value can change when a home is sold, improved, or revalued by the county, and that directly affects the final bill. For homeowners, this means a higher assessed value usually leads to a higher property tax bill, while a lower assessed value can reduce what is owed.
In Monette, the median home price is $90,835, and the median property tax bill is $624.00 in ZIP code 72447. Bills can vary widely, with the 25th percentile at $368 and the 75th percentile at $1,072, while the 90th percentile reaches $1,679. These differences show how property taxes can affect homeowners differently depending on the home’s value and assessment.
Median Monette Tax Bill
$624
Median Craighead County Tax Bill
$1,273
Median Arkansas Tax Bill
$870
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 | $178 | $368 | $624 | $1,072 | $1,679 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 17 |
Links | |
|---|---|
| Craighead Tax Assessor | |
| Website | www.arcountydata.com |