Bono, Fulton County, Arkansas Property Taxes

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

Median Bono, AR effective property tax rate: 0.82%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%. Median Bono, AR home value: $52,400. Median annual Bono, AR tax bill: $430, $1,970 lower than the national median property tax bill of $2,400. How are property taxes in Fulton County calculated? Property taxes in Bono, 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 Bono’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bono, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Bono, Fulton County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.82%

Estimate Property Tax Bill

$430

$399

Ownwell’s Bono Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bono with just two data points. By entering your property's estimated assessed value, our calculator applies Bono’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 Greene County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Bono, Fulton County, Arkansas

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Votes and laws are involved in setting tax rates and budgets, but this is the annual process.

In Bono, located in Fulton County, Arkansas, the effective property tax rate is 0.82%. This rate is notably lower than the national median property tax rate of 1.02%. Property owners in Bono benefit from a lower tax burden compared to many other areas across the country. The median property tax bill in Bono is also likely to be less than the national median of $2,400, offering further financial relief to homeowners. This favorable tax environment can make Bono an attractive place for those looking to invest in property or seeking a more affordable cost of living. By understanding the local property tax landscape, residents and potential property buyers can make informed decisions about their investments and financial planning.

Property Tax Rates Across Bono, Fulton County, Arkansas

Source: Ownwell

0.65%

0.79%

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 Bono Tax Rate

0.82%

Median Effective Fulton County Tax Rate

0.75%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bono, Fulton County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72416	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Bono, Fulton County, Arkansas

When examining property taxes in Bono, 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 Fulton 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.

In Fulton County, assessment notices are sent 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 Bono. For example, the median home price in Bono is $52,400, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Bono, Fulton County, Arkansas

Source: Ownwell

$51,550

$72,700

$93,850

Median Bono Market Value

$52,400

Median Fulton County Market Value

$68,050

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bono, Fulton County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72416	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Bono, Fulton County, Arkansas

Property tax bills in Bono, located in Fulton County, AR, are calculated based on the assessed value of a homeowner's property. The assessed value is determined by the local government and is a percentage of the property's market value. In Bono, the median home price is $52,400, which results in a typical property tax bill of $430. This is significantly lower than the national median property tax bill of $2,400, providing an advantage to homeowners in the area. However, even with lower tax bills, it's essential for homeowners to ensure that their property assessments are accurate to avoid overpaying. Factors such as property improvements, changes in the housing market, and local tax rates can influence the assessed value. Ownwell can assist homeowners by reviewing their property assessments, identifying potential discrepancies, and filing appeals to correct any errors. By doing so, Ownwell helps homeowners potentially lower their property tax bills, ensuring they pay only their fair share.

Property Tax Bills Across Bono, Fulton County, Arkansas

Source: Ownwell

$311

$488

$665

Median Bono Tax Bill

$430

Median Fulton County Tax Bill

$483

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Bono, Fulton County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72416	N/A	N/A	N/A	N/A	N/A

Source: Ownwell