Greenbrier, Faulkner County, Arkansas Property Taxes
Property Taxes in Greenbrier, Arkansas
Median Greenbrier, Arkansas effective property tax rate: 0.77%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median Greenbrier, Arkansas home value: $204,775
Median annual Greenbrier, Arkansas tax bill: $1,504, lower than the national median property tax bill of $2,400.
How are property taxes in Faulkner County calculated?
Property taxes in Greenbrier, 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 Greenbrier's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Greenbrier, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Greenbrier, Faulkner County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.77%
Estimate Property Tax Bill
$1,577
$1,463
How Does the Greenbrier Property Tax Calculator Work?
Use this Greenbrier property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Greenbrier's median effective tax rate of 0.77% — based on actual property records in Faulkner 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 Greenbrier'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 Greenbrier: rates range from 0.77% in 72058 to 0.77% in 72058, 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 Greenbrier.
About Greenbrier Property Taxes
About Property Taxes in Greenbrier, Faulkner, Arkansas
Greenbrier’s median effective property tax rate of 0.77% is lower than the Arkansas state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Faulkner 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 Greenbrier. Homeowners in the 72058 ZIP code carry a median effective rate of 0.77%, while those in the lowest ZIP also pay 0.77%. This spread reflects how school district boundaries and local assessment districts are drawn across Faulkner County. Understanding which part of Greenbrier you live in can make a meaningful difference to your annual tax bill.
Greenbrier homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the August 17, 2026 deadline each year.
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 Greenbrier, Faulkner 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 Greenbrier'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 Greenbrier 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 Faulkner County Tax Rate
0.76%
Median Effective Arkansas Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Greenbrier, Faulkner County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72058 | 0.55% | 0.67% | 0.77% | 0.87% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Greenbrier, Faulkner County, Arkansas
When examining property taxes in Greenbrier, 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 Faulkner 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 Faulkner County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of July.
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. For example, the median home price in Greenbrier is $204,775, with tax bills ranging significantly across the county. ZIP code 72058 has the highest median home price at $204,775.
Property Tax Assessment Values Across Greenbrier, Faulkner County, Arkansas
Source: Ownwell
$19,500
$132,050
$244,600
Median Greenbrier Market Value
$204,775
Median Faulkner County Market Value
$196,550
Median Arkansas Market Value
$118,750
Median United States Market Value
$235,294
Property Tax Assessment Values Across Greenbrier, Faulkner County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72058 | $30,945 | $110,800 | $204,775 | $317,000 | $432,305 |
Source: Ownwell
Property Tax Bills Across Greenbrier, Faulkner County, Arkansas
Property tax bills in Greenbrier are based on the assessed value of a home, which is then multiplied by the local tax rate. For a typical home with a median market value of $204,775, the amount owed can vary widely depending on how the property is assessed and which exemptions apply. Homeowners with lower tax bills may fall near the $723 25th percentile, while higher bills can reach $2,385 at the 75th percentile and $3,307 at the 90th percentile.
What determines the bill? The main factors are the home’s assessed value, local millage rates, and any eligible exemptions. Because property values and tax rates can change, bills may rise even if nothing changes about the home itself.
How does this affect homeowners? A higher assessed value can mean a larger tax bill, which can increase annual housing costs and affect monthly budgets. In Greenbrier, the median tax bill is $1,504, which is below the national median property tax bill of $2,400.
Median Greenbrier Tax Bill
$1,504
Median Faulkner County Tax Bill
$1,409
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Greenbrier, Faulkner County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72058 | $252 | $723 | $1,504 | $2,385 | $3,307 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 17 |
Links | |
|---|---|
| Faulkner Tax Assessor | |
| Website | www.arcountydata.com |