Poyen, Grant County, Arkansas Property Taxes
Poyen, Arkansas, boasts a median effective property tax rate of 0.96%, which is slightly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%. The median home value in Poyen is $86,000. Homeowners in Poyen face a median annual tax bill of $750, which is $1,650 lower than the national median property tax bill of $2,400.
Property taxes in Grant County are determined based on the tax assessed value, often lower than the actual market value, thanks to property tax exemptions like the homestead or senior exemption. These exemptions can significantly reduce the taxable amount, offering potential savings for residents. Understanding Poyen’s property tax system, along with available exemptions and reduction opportunities, can lead to substantial financial benefits. Whether you are a homeowner or an investor, being informed about local tax details is advantageous.
Last Updated March 1, 2025
Poyen, Grant County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.96%
Estimate Property Tax Bill
$826
$766
Property Tax Rates Across Poyen, Grant County, Arkansas
Local government entities in Arkansas set property tax rates, which can vary widely within the state. 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.
In Poyen, located in Grant County, the effective property tax rate is 0.96%, which aligns with the highest and lowest median tax rates in the area. This rate is slightly below the national median property tax rate of 1.02%. When comparing Poyen’s property tax rate to other cities in Arkansas and the national average, it becomes evident that residents benefit from relatively lower property taxes. The median property tax bill in Poyen is also likely to be lower than the national median of $2,400, providing additional savings for homeowners. Understanding these rates can help property owners make informed decisions about appealing their property taxes or seeking exemptions, ensuring they pay only their fair share.
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 Poyen Tax Rate
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 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 Poyen, Grant County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72128 | 0.68% | 0.82% | 0.96% | 1.11% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Poyen, Grant County, Arkansas
When examining property taxes in Poyen, 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 Poyen. For example, the median home price in Poyen is $86,000, with tax bills ranging significantly across the county. Zip code 72128 has the highest median home price at $86,000.
Property Tax Assessment Values Across Poyen, Grant County, Arkansas
Source: Ownwell
$42,150
$92,975
$143,800
Median Poyen Market Value
$86,000
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 Poyen, Grant County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72128 | $19,340 | $47,550 | $86,000 | $134,550 | $171,615 |
Source: Ownwell
Property Tax Bills Across Poyen, Grant County, Arkansas
Median Poyen Tax Bill
$750
Median Grant County Tax Bill
$770
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Poyen, Grant County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72128 | $190 | $401 | $750 | $1,322 | $1,768 |
Source: Ownwell