Jefferson, Grant County, Arkansas Property Taxes

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

Median Jefferson, Arkansas effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Jefferson, Arkansas home value: $74,050
Median annual Jefferson, Arkansas tax bill: $589, $1,811 lower than the national median property tax bill of $2,400.

How are property taxes in Grant County calculated?

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

Last Updated March 1, 2025

Jefferson, Grant County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.87%

Estimate Property Tax Bill

$644

$598

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

Property Tax Rates Across Jefferson, Grant County, Arkansas

Local government entities establish tax rates, which can differ significantly within a state. Annually, counties estimate their required budgets to provide essential services and divide this by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process. In Jefferson, located in Grant County, Arkansas, the effective property tax rate is a reflection of this systematic procedure. When compared to other cities in Arkansas, Jefferson's property tax rate aligns with the state median of 0.87%, which is lower than the national median of 1.02%. This suggests a relatively lower tax burden for property owners in Jefferson compared to the national average. Understanding these dynamics can help property owners in Jefferson anticipate their tax responsibilities and explore potential savings through appeals or exemptions.

Property Tax Rates Across Jefferson, Grant County, Arkansas

Source: Ownwell

0.80%

0.88%

0.96%

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 Jefferson Tax Rate

0.87%

Median Effective Grant County Tax Rate

0.85%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Jefferson, Grant County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72079	0.73%	0.78%	0.87%	0.90%	0.90%

Source: Ownwell

Property Tax Assessment Values Across Jefferson, Grant County, Arkansas

When examining property taxes in Jefferson, 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 Grant County Assessor 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 Grant 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 Jefferson. For example, the median home price in Jefferson is $74,050, with tax bills ranging significantly across the county. ZIP code 72079 has the highest median home price at $74,050.

Property Tax Assessment Values Across Jefferson, Grant County, Arkansas

Source: Ownwell

$42,150

$92,975

$143,800

Median Jefferson Market Value

$74,050

Median Grant County Market Value

$100,075

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Jefferson, Grant County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72079	$10,825	$38,950	$74,050	$157,250	$234,450

Source: Ownwell

Property Tax Bills Across Jefferson, Grant County, Arkansas

In Jefferson, Arkansas, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Homeowners in Jefferson see a range of property tax bills, with the 25th percentile at $307 and the 75th percentile at $1,172. This variation is influenced by factors such as home value, location, and any applicable exemptions. Compared to the national median property tax bill of $2,400, Jefferson's figures suggest a more affordable tax environment for many homeowners, although individual experiences may vary. Ownwell assists homeowners by offering property tax appeal services, potentially reducing their tax burden. By analyzing local assessments and comparable properties, Ownwell identifies opportunities for savings. This service can be especially beneficial for those facing higher tax bills, ensuring homeowners pay only their fair share while maximizing potential savings.

Property Tax Bills Across Jefferson, Grant County, Arkansas

Source: Ownwell

$363

$810

$1,257

Median Jefferson Tax Bill

$589

Median Grant County Tax Bill

$770

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Jefferson, Grant County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72079	$92	$307	$589	$1,172	$1,877

Source: Ownwell