Bono, Greene County, Arkansas Property Taxes

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

Median Bono, AR effective property tax rate: 0.78%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Bono, AR home value: $70,425
Median annual Bono, AR tax bill: $525, $1,875 lower than the national median property tax bill of $2,400.

How are property taxes in Greene 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, Greene County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.74%

Estimate Property Tax Bill

$655

$607

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, Greene County, Arkansas

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services, dividing 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. Bono in Greene County, Arkansas, has an effective property tax rate of 0.78%, which is notably lower than the national median property tax rate of 1.02%. This rate is consistent across Greene County, with the highest and lowest median tax rates both recorded at 0.78% in zip code 72416. Compared to the national median property tax bill of $2,400, property owners in Bono benefit from significantly lower tax obligations. This makes Bono an attractive location for property investment, offering a favorable tax environment alongside the essential services funded by these taxes.

Property Tax Rates Across Bono, Greene County, Arkansas

Source: Ownwell

0.59%

0.66%

0.74%

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

0.74%

Median Effective Greene County Tax Rate

0.71%

Median Effective Arkansas Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bono, Greene County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72416	0.49%	0.59%	0.74%	0.86%	0.86%

Source: Ownwell

Property Tax Assessment Values Across Bono, Greene 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 Greene 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 Greene 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 $70,425, with tax bills ranging significantly across the county. Zip code 72416 has the highest median home price at $70,425.

Property Tax Assessment Values Across Bono, Greene County, Arkansas

Source: Ownwell

$76,450

$121,575

$166,700

Median Bono Market Value

$88,450

Median Greene County Market Value

$134,200

Median Arkansas Market Value

$118,750

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bono, Greene County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72416	$8,670	$44,025	$88,450	$139,425	$278,030

Source: Ownwell

Property Tax Bills Across Bono, Greene County, Arkansas

In Bono, located in Greene County, 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 Bono is $70,425, and property tax bills vary significantly, with the 25th percentile at $243 and the 75th percentile reaching $864. These figures highlight the variability in tax bills, which can impact homeowners' finances. The highest median tax bill in the area is $525, aligning with the lowest median tax bill, both occurring in the 72416 zip code. Compared to the national median property tax rate of 1.02% and a median bill of $2,400, Bono's property taxes can be seen as relatively low. However, for homeowners seeking to reduce their property tax burden, Ownwell offers valuable assistance. By providing expert property tax appeal and exemption services, Ownwell helps homeowners in Bono ensure their property tax assessments are fair, potentially leading to substantial savings on their tax bills.

Property Tax Bills Across Bono, Greene County, Arkansas

Source: Ownwell

$433

$786

$1,139

Median Bono Tax Bill

$613

Median Greene County Tax Bill

$903

Median Arkansas Tax Bill

$870

Median United States Tax Bill

$2,400

Property Tax Bills Across Bono, Greene County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72416	$97	$292	$613	$957	$2,109

Source: Ownwell