Leola, Grant County, Arkansas Property Taxes

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

Median Leola, AR effective property tax rate: 0.88%, significantly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Leola, AR home value: $42,150
Median annual Leola, AR tax bill: $363, $2,037 lower than the national median property tax bill of $2,400.

How are property taxes in Grant County calculated?

Property taxes in Leola, 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 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 March 1, 2025

Leola, Grant County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.88%

Estimate Property Tax Bill

$371

$344

Ownwell’s Leola Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Leola with just two data points. By entering your property's estimated assessed value, our calculator applies Leola’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 Leola, Grant County, Arkansas

Local government entities set tax rates, which can vary widely within a state. 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.

Leola in Grant County, Arkansas, offers an interesting case study. The effective property tax rate here is 0.88%, which is notably lower than the national median property tax rate of 1.02%. This makes Leola an attractive location for property owners seeking lower tax liabilities. Compared to other cities in Arkansas, Leola's tax rate is consistent, providing a stable financial outlook for residents. The state's median property tax rate aligns with Leola's, reflecting a broader trend within Arkansas of maintaining lower property tax rates compared to the national average. This can be particularly appealing for those considering relocation or investment opportunities, as it suggests a more affordable cost of living and potential for financial savings.

Property Tax Rates Across Leola, 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 Leola Tax Rate

0.88%

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 Leola, Grant County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72084	0.66%	0.73%	0.88%	0.92%	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 Assessor's Office 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 May. 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 $42,150, with tax bills ranging significantly across the county. Zip code 72084 has the highest median home price at $42,150.

Property Tax Assessment Values Across Leola, Grant County, Arkansas

Source: Ownwell

$42,150

$92,975

$143,800

Median Leola Market Value

$42,150

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 Leola, Grant County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72084	$7,430	$17,462	$42,150	$71,200	$133,295

Source: Ownwell

Property Tax Bills Across Leola, Grant County, Arkansas

In Leola, Arkansas, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Leola is $42,150, with property tax bills ranging from $152 at the 25th percentile to $999 at the 90th percentile. The median property tax bill in the area is $363, which is significantly lower than the national median of $2,400. This lower tax bill can be attributed to the region's lower home values and tax rates compared to the national average of 1.02%. Homeowners in Leola must consider these factors when budgeting for property taxes, as they directly affect their annual expenses. Ownwell can assist homeowners in Leola by identifying potential savings through property tax appeals and exemptions. By analyzing the assessed value and ensuring it aligns with the current market value, Ownwell helps homeowners potentially reduce their tax burden, ensuring they only pay what is fair and accurate.

Property Tax Bills Across Leola, Grant County, Arkansas

Source: Ownwell

$363

$810

$1,257

Median Leola Tax Bill

$363

Median Grant County Tax Bill

$770

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Leola, Grant County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72084	$68	$152	$363	$566	$999

Source: Ownwell