Paragould, Greene County, Arkansas Property Taxes

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

Median Paragould, AR effective property tax rate: 0.85%, slightly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Paragould, AR home value: $108,300
Median annual Paragould, AR tax bill: $884, $1,516 lower than the national median property tax bill of $2,400.

How are property taxes in Greene County calculated?

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

Last Updated March 1, 2025

Paragould, Greene County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.85%

Estimate Property Tax Bill

$921

$854

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

Local government entities determine tax rates, which can differ significantly across a state. This is because each county annually estimates the budget needed to provide essential services and divides it by the total value of all taxable properties within its area. This calculation establishes the property tax rate. Although voting and legislation play roles in setting these rates and budgets, this is essentially the yearly procedure. In Paragould, located in Greene County, Arkansas, the effective property tax rate stands at 0.85%. This rate is consistent with both the highest and lowest median tax rates within the zip code 72450. When compared to the national median property tax rate of 1.02%, Paragould's rate is lower, offering a more affordable tax environment for property owners. The national median property tax bill is $2,400, which provides a benchmark for understanding how Paragould's tax obligations may impact homeowners. This comparison highlights the relative affordability of property taxes in Paragould, making it an appealing option for those looking to manage their property tax expenses effectively.

Property Tax Rates Across Paragould, Greene County, Arkansas

Source: Ownwell

0.73%

0.79%

0.86%

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 Paragould Tax Rate

0.85%

Median Effective Greene County Tax Rate

0.84%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Paragould, Greene County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72450	0.64%	0.75%	0.85%	0.92%	0.92%

Source: Ownwell

Property Tax Assessment Values Across Paragould, Greene County, Arkansas

When examining property taxes in Paragould, 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 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.

In Greene County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Paragould.

For example, the median home price in Paragould is $108,300, with tax bills ranging significantly across the county. Zip code 72450 has the highest median home price at $108,300.

Property Tax Assessment Values Across Paragould, Greene County, Arkansas

Source: Ownwell

$57,650

$93,725

$129,800

Median Paragould Market Value

$108,300

Median Greene County Market Value

$101,950

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Paragould, Greene County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72450	$32,000	$62,350	$108,300	$165,900	$236,735

Source: Ownwell

Property Tax Bills Across Paragould, Greene County, Arkansas

In Paragould, 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 local tax rate is then applied to this assessed value to determine the annual tax bill. Factors like location, property size, and any applicable exemptions can influence the assessed value. The median home price in Paragould is $108,300, resulting in a tax bill that varies across different percentiles. For example, the 25th percentile tax bill is $506, while the 75th percentile reaches $1,378. This range highlights the potential financial impact on homeowners, especially when compared to the national median property tax bill of $2,400. Ownwell offers valuable assistance to homeowners by reviewing their property assessments and identifying opportunities for tax appeals or exemptions. By leveraging their expertise, homeowners can potentially reduce their tax bills, ensuring they only pay what is fair and accurate for their property.

Property Tax Bills Across Paragould, Greene County, Arkansas

Source: Ownwell

$415

$659

$903

Median Paragould Tax Bill

$884

Median Greene County Tax Bill

$820

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Paragould, Greene County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72450	$270	$506	$884	$1,378	$1,959

Source: Ownwell