Leola, Grant County, Arkansas Property Taxes
Property Taxes in Leola, Arkansas
Median Leola, Arkansas effective property tax rate: 0.90%, significantly lower than the national median of 1.02%, and higher than the Arkansas state median of 0.81%.
Median Leola, Arkansas home value: $41,600
Median annual Leola, Arkansas tax bill: $367, lower than the national median property tax bill of $2,400.
How are property taxes in Grant calculated?
Property taxes in Leola, 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 Leola's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Leola, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Leola, Grant County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.9%
Estimate Property Tax Bill
$374
$347
How Does the Leola Property Tax Calculator Work?
Use this Leola property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Leola's median effective tax rate of 0.90% — based on actual property records in Grant 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 Leola'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 Leola: rates range from 0.90% in 72084 to 0.90% in 72084, 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 Leola.
About Leola Property Taxes
About Property Taxes in Leola, Grant, Arkansas
Leola's median effective property tax rate of 0.90% is lower than the Arkansas state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Grant 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 Leola. Homeowners in ZIP code 72084 carry a median effective rate of 0.90%, while those in the same ZIP code pay 0.90%. This spread reflects how school district boundaries and local assessment districts are drawn across Grant County. Understanding which part of Leola you live in can make a meaningful difference to your annual tax bill.
Leola 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 Leola, Grant 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 Leola'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 Leola Tax Rate
0.90%
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 Grant County Tax Rate
0.90%
Median Effective Arkansas Tax Rate
0.81%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Leola, Grant County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72084 | 0.67% | 0.76% | 0.90% | 0.94% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Leola, Grant County, Arkansas
When examining property taxes in Leola, 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 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 Grant 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 Leola.
For example, the median home price in Leola is $41,600, with tax bills ranging significantly across the county. 72084 has the highest median home price at $41,600.
Property Tax Assessment Values Across Leola, Grant County, Arkansas
Source: Ownwell
$41,600
$92,125
$142,650
Median Leola Market Value
$41,600
Median Grant County Market Value
$98,600
Median Arkansas Market Value
$118,750
Median United States Market Value
$274,101
Property Tax Assessment Values Across Leola, Grant County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72084 | $6,930 | $16,738 | $41,600 | $70,262 | $131,805 |
Source: Ownwell
Property Tax Bills Across Leola, Grant County, Arkansas
Leola property tax bills are based on the assessed value of a home, not its market price. Local tax rates are applied to that assessed value to determine the amount a homeowner owes each year. For homeowners in Leola, the size of the bill depends on both the home’s assessed value and the tax rate set for the area.
With a median home price of $41,600, tax bills in the area are generally modest compared with the national median property tax bill of $2,400. The 25th percentile tax bill is $150, the 75th percentile is $580, and the 90th percentile is $984, showing how bills can vary based on property value and assessment.
The median tax bill in the area is $367, and that amount reflects how property taxes can affect monthly housing costs and long-term affordability for homeowners.
Median Leola Tax Bill
$367
Median Grant County Tax Bill
$786
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$3,209
Property Tax Bills Across Leola, Grant County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72084 | $68 | $150 | $367 | $580 | $984 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 17 |
Links | |
|---|---|
| Grant Tax Assessor | |
| Website | www.arcountydata.com |