Rector, Greene County, Arkansas Property Taxes

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

Median Rector, AR effective property tax rate: 0.74%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Rector, AR home value: $98,400
Median annual Rector, AR tax bill: $682, $1,718 lower than the national median property tax bill of $2,400.

How are property taxes in Greene County calculated?

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

Last Updated March 1, 2025

Rector, 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

$728

$676

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

Local government entities determine tax rates, which can differ significantly within Arkansas. This variation arises because each county annually estimates its budgetary needs for services and divides this by the total value of all taxable property in its area, resulting in the property tax rate. Although setting tax rates and budgets involves votes and regulations, this is essentially the annual procedure. In Rector, located in Clay County, Arkansas, the effective property tax rate is 0.74%. This rate is relatively low compared to the national median property tax rate of 1.02%. Across Arkansas, property tax rates can vary, but Rector’s rate is in line with the state’s typical rates. This makes it an attractive location for property owners seeking lower tax burdens. When considering property investments or relocations, understanding these local tax rates is crucial. Comparing Rector's property tax rate with other cities in Arkansas and the national median provides valuable insight into potential savings on property taxes.

Property Tax Rates Across Rector, 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 Rector Tax Rate

0.74%

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 Rector, Greene County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72461	0.58%	0.65%	0.74%	0.79%	0.79%

Source: Ownwell

Property Tax Assessment Values Across Rector, Greene County, Arkansas

When examining property taxes in Rector, 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 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 Rector.

For example, the median home price in Rector is $98,400, with tax bills ranging significantly across the county. Zip code 72461 has the highest median home price at $98,400.

Property Tax Assessment Values Across Rector, Greene County, Arkansas

Source: Ownwell

$57,650

$93,725

$129,800

Median Rector Market Value

$98,400

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 Rector, Greene County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72461	$26,370	$57,875	$98,400	$185,625	$262,360

Source: Ownwell

Property Tax Bills Across Rector, Greene County, Arkansas

In Rector, 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 this area is $98,400, with property tax bills ranging from the 25th percentile at $379 to the 90th percentile at $1,936. The median property tax bill in Rector is $682, significantly lower than the national median of $2,400, reflecting the relatively low property tax rates in Arkansas compared to the national average of 1.02%.

Factors influencing property tax bills include changes in property value and local tax rates. Homeowners in Rector may find their property tax bills fluctuate with shifts in the real estate market or adjustments in local government budgets. Ownwell can assist homeowners by providing expert property tax appeal services, potentially lowering their tax assessments and reducing their bills. By leveraging local market knowledge and tax expertise, Ownwell helps ensure that homeowners in Rector pay only their fair share in property taxes, maximizing savings and financial peace of mind.

Property Tax Bills Across Rector, Greene County, Arkansas

Source: Ownwell

$415

$659

$903

Median Rector Tax Bill

$682

Median Greene County Tax Bill

$820

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Rector, Greene County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72461	$186	$379	$682	$1,282	$1,936

Source: Ownwell