Paragould, Craighead County, Arkansas Property Taxes
Median Paragould, AR effective property tax rate: 0.77%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Paragould, AR home value: $104,852
Median annual Paragould, AR tax bill: $767, $1,633 lower than the national median property tax bill of $2,400.
How are property taxes in Craighead 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, Craighead County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.77%
Estimate Property Tax Bill
$807
$749
Property Tax Rates Across Paragould, Craighead County, Arkansas
Local government entities determine tax rates, which can vary significantly within a state. This variation arises because each county annually estimates its budget needs to provide essential services and divides that by the total value of all taxable property within its jurisdiction. 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.
In Paragould, located in Greene County, the effective property tax rate is notably lower than the national median of 1.02%. The median property tax rate in Arkansas is 0.77%, which is below the national average. This makes Arkansas an attractive option for property owners looking to minimize their tax burden. Compared to other cities in the state, Paragould’s effective property tax rate aligns with the state median, providing residents with a consistent and predictable tax environment. This stability can be appealing for homeowners and investors alike, as it allows for better financial planning and budgeting.
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
0.77%
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 Paragould, Craighead County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72450 | 0.52% | 0.63% | 0.77% | 0.90% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Paragould, Craighead 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 Craighead County Assessor’s Office 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 Craighead 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 $104,852, with tax bills ranging significantly across the county. Zip code 72450 has the highest median home price at $104,852.
Property Tax Assessment Values Across Paragould, Craighead County, Arkansas
Source: Ownwell
$52,730
$123,665
$194,600
Median Paragould Market Value
$104,852
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 Paragould, Craighead County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72450 | $33,922 | $69,640 | $104,852 | $189,819 | $266,288 |
Source: Ownwell
Property Tax Bills Across Paragould, Craighead County, Arkansas
In Paragould, located in Craighead County, AR, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Paragould face a median property tax bill of $767, significantly lower than the national median of $2400. This lower tax bill is reflective of the region's more affordable median home price of $104,852. The assessed value considers factors such as property size, location, and improvements, which can impact the final tax bill. Homeowners may find that their tax bills vary, with the 25th percentile paying around $544 and the 90th percentile reaching up to $1818.
Ownwell assists homeowners by identifying potential savings on their property tax bills through appeals and exemptions. By analyzing property assessments and comparable sales, Ownwell ensures that homeowners are not overpaying. This service is crucial for those in Paragould who wish to optimize their property tax expenses, ensuring they pay only what is fair, aligned with their property's true assessed value.
Median Paragould Tax Bill
$767
Median Craighead County Tax Bill
$1,210
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Paragould, Craighead County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72450 | $268 | $544 | $767 | $1,465 | $1,818 |
Source: Ownwell