State University, Craighead County, Arkansas Property Taxes

Name: Property Tax Bills Across State University, Craighead County, Arkansas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median STATE UNIVERSITY, AR effective property tax rate: 0.92%, significantly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median STATE UNIVERSITY, AR home value: $64,050
Median annual STATE UNIVERSITY, AR tax bill: $587, $1,813 lower than the national median property tax bill of $2,400.

How are property taxes in Craighead calculated?

Property taxes in STATE UNIVERSITY, 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 STATE UNIVERSITY’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in STATE UNIVERSITY, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

State University, Craighead County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.92%

Estimate Property Tax Bill

$589

$547

Ownwell’s STATE UNIVERSITY Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in STATE UNIVERSITY with just two data points.

By entering your property's estimated assessed value, our calculator applies STATE UNIVERSITY’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Craighead County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across State University, Craighead County, Arkansas

Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each year, counties estimate the budget needed to provide essential services and divide it by the total value of all taxable property within their jurisdiction. This calculation forms the basis of the property tax rate. While votes and laws play a role in determining tax rates and budgets, this is essentially how the process works annually. In STATE UNIVERSITY, located in Craighead County, AR, the effective property tax rate can be compared to other cities within the state. The median property tax rate in Arkansas stands at 0.92%, which is slightly below the national median of 1.02%. This means that residents in STATE UNIVERSITY benefit from relatively lower property tax rates compared to many parts of the country. While the property tax rate is uniform across Craighead County, it remains lower than the national average, providing a financial advantage for property owners in the area.

Property Tax Rates Across State University, Craighead County, Arkansas

Source: Ownwell

0.68%

0.81%

0.93%

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 State University Tax Rate

0.92%

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 State University, Craighead County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72467	0.89%	0.90%	0.92%	0.93%	0.96%

Source: Ownwell

Property Tax Assessment Values Across State University, Craighead County, Arkansas

When examining property taxes in STATE UNIVERSITY, 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 April. 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 STATE UNIVERSITY. For example, the median home price in STATE UNIVERSITY is $64,050, with tax bills ranging significantly across the county. Zip code 72467 has the highest median home price at $64,050.

Property Tax Assessment Values Across State University, Craighead County, Arkansas

Source: Ownwell

$52,730

$123,665

$194,600

Median State University Market Value

$64,050

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 State University, Craighead County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72467	$56,665	$59,938	$64,050	$71,350	$123,940

Source: Ownwell

Property Tax Bills Across State University, Craighead County, Arkansas

In STATE UNIVERSITY, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the home's market value. In Craighead County, the median property tax bill is $587, significantly lower than the national median of $2400. This lower tax bill is partly due to the area's median home price of $64,050. However, homeowners can still face varying tax bills, with the 25th percentile at $558 and the 90th percentile reaching up to $1094. These variations can impact homeowners' budgets, making it crucial to ensure their tax assessments are accurate. Ownwell assists homeowners by reviewing their property assessments and identifying potential savings through appeals or exemptions. By leveraging expert knowledge and experience, Ownwell helps homeowners reduce their tax liabilities, ensuring they only pay their fair share. This service can lead to significant savings, providing financial relief and peace of mind for property owners in the region.

Property Tax Bills Across State University, Craighead County, Arkansas

Source: Ownwell

$420

$1,072

$1,723

Median State University Tax Bill

$587

Median Craighead County Tax Bill

$1,210

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across State University, Craighead County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72467	$525	$558	$587	$655	$1,094

Source: Ownwell