State University, Craighead County, Arkansas Property Taxes

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Property Taxes in State University, Arkansas

Median State University, Arkansas effective property tax rate: 0.92%, significantly lower than the national median of 1.02%, and higher than the Arkansas state median of 0.81%.
Median State University, Arkansas home value: $64,000
Median annual State University, Arkansas tax bill: $590, lower than the national median property tax bill of $2,400.

How are property taxes in Craighead calculated?

Property taxes in State University, 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 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 April 13, 2026

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

$546

How Does the STATE UNIVERSITY Property Tax Calculator Work?

Use this STATE UNIVERSITY property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies STATE UNIVERSITY's median effective tax rate of 0.92% — 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 STATE UNIVERSITY'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 STATE UNIVERSITY: rates range from 0.92% in 72467 to 0.92% in 72467, 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 STATE UNIVERSITY.

About State University Property Taxes

About Property Taxes in State University, Craighead, Arkansas

State University’s median effective property tax rate of 0.92% is higher 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 State University. Homeowners in ZIP code 72467 carry a median effective rate of 0.92%, while those in 72467 pay 0.92%. 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 State University you live in can make a meaningful difference to your annual tax bill.

State University 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 State University, 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 State University’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.

Property Tax Rates Across State University, Craighead County, Arkansas

Source: Ownwell

0.76%

0.88%

1.01%

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

0.85%

Median Effective Arkansas Tax Rate

0.81%

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	0.90%	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, 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 STATE UNIVERSITY.

For example, the median home price in STATE UNIVERSITY is $64,000, with tax bills ranging significantly across the county. 72467 has the highest median home price at $64,000.

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

Source: Ownwell

$45,905

$120,628

$195,350

Median State University Market Value

$64,000

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 State University, Craighead County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72467	$58,350	$60,000	$64,000	$70,850	$141,650

Source: Ownwell

Property Tax Bills Across State University, Craighead County, Arkansas

Property tax bills in State University are calculated from the assessed value of a home and the local tax rate set by the county and other taxing authorities. For a home with a median price of $64,000, the bill reflects how that value is assessed for tax purposes, not what a homeowner originally paid or what the home might sell for today.

Several factors affect the final amount, including the property’s assessed value, the tax rate, and any local levies that apply. In Craighead County, the median property tax bill is $590, with the 25th percentile at $560 and the 75th percentile at $651. The 90th percentile reaches $1,261, showing how bills can rise for higher-valued or more heavily taxed homes.

For homeowners, this means property taxes can be a meaningful part of annual housing costs. A higher assessed value or a higher local rate can increase the bill, while a lower assessment can help keep taxes more manageable.

Property Tax Bills Across State University, Craighead County, Arkansas

Source: Ownwell

$382

$1,092

$1,802

Median State University Tax Bill

$590

Median Craighead County Tax Bill

$1,273

Median Arkansas Tax Bill

$870

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	$544	$560	$590	$651	$1,261

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	August 17

Links
Craighead Tax Assessor
Website	www.arcountydata.com

Frequently Asked Property Tax Questions in State University, Arkansas

How are property taxes calculated in State University, Arkansas?

Property taxes in State University, Arkansas are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in State University, Arkansas?

To appeal your property taxes in State University, Arkansas, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in State University, Arkansas?

Common property tax exemptions in State University, Arkansas include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in State University, Arkansas?

Property tax deadlines in State University, Arkansas vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in State University, Arkansas?

Ownwell provides professional property tax appeal services in State University, Arkansas. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.