Walnut Ridge, Greene County, Arkansas Property Taxes
Property Taxes in Walnut Ridge, Arkansas
Median Walnut Ridge, Arkansas effective property tax rate: 0.59%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median Walnut Ridge, Arkansas home value: $76,450
Median annual Walnut Ridge, Arkansas tax bill: $433, $1,967 lower than the national median property tax bill of $2,400.
How are property taxes in Greene County calculated?
Property taxes in Walnut Ridge, Arkansas 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 Walnut Ridge's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Walnut Ridge, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Walnut Ridge, Greene County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.59%
Estimate Property Tax Bill
$451
$419
How Does the Walnut Ridge Property Tax Calculator Work?
Use this Walnut Ridge property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Walnut Ridge's median effective tax rate of 0.59% — based on actual property records in Greene County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Walnut Ridge's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Walnut Ridge: rates range from 0.59% in 72476 to 0.59% in 72476, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Walnut Ridge.
About Walnut Ridge Property Taxes
About Property Taxes in Walnut Ridge, Greene, Arkansas
Walnut Ridge's median effective property tax rate of 0.59% is lower than the Arkansas state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Greene County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Walnut Ridge. Homeowners in the 72476 ZIP code carry a median effective rate of 0.59%, while those in the lowest ZIP code pay 0.59%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Greene County. Understanding which part of Walnut Ridge you live in can make a meaningful difference to your annual tax bill.
Walnut Ridge homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the August 17, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Walnut Ridge, Greene County, Arkansas
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because 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.
Below, you can compare Walnut Ridge's effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.
Our median effective property tax rate (tax bill Ă· 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 Walnut Ridge Tax Rate
0.59%
Our median effective property tax rate (tax bill Ă· 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 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 Walnut Ridge, Greene County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72476 | 0.44% | 0.54% | 0.59% | 0.64% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Walnut Ridge, Greene County, Arkansas
When examining property taxes in Walnut Ridge, 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. Greene County 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 assessed value is the figure used to calculate your property taxes, or the amount multiplied by your tax rate to get your tax bill.
Assessment notices are sent in the spring each year and typically reach your mailbox by the middle of the month. Each property owner receives a notice that contains both the market value and assessed value, along with an estimate of your property tax bill.
For example, the median home price in Walnut Ridge is $76,450, with tax bills ranging across the county. ZIP code 72476 has the highest median home price at $76,450. The median tax bill is $433, compared with the national median property tax bill of $2,400.
Property Tax Assessment Values Across Walnut Ridge, Greene County, Arkansas
Source: Ownwell
$76,450
$121,575
$166,700
Median Walnut Ridge Market Value
$76,450
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 Walnut Ridge, Greene County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72476 | $27,465 | $58,850 | $76,450 | $99,800 | $146,160 |
Source: Ownwell
Property Tax Bills Across Walnut Ridge, Greene County, Arkansas
Property tax bills in Walnut Ridge are based on the assessed value of a home, not its market price alone. Local taxing authorities apply their tax rates to that assessed value to determine the annual bill, which means the amount a homeowner pays depends on both the property’s value and the local tax rate.
For homeowners in Walnut Ridge, the median home price is $76,450, and the area’s property tax bills are relatively modest compared with the national median property tax bill of $2,400. The 25th percentile tax bill is $319, while the 75th percentile is $615 and the 90th percentile is $651, showing that many homeowners pay well below the national median. The highest and lowest median tax bill is $433 in ZIP code 72476.
Because property taxes are tied to assessed value, changes in a home’s valuation can affect the bill from year to year. That makes understanding how your property is assessed important for keeping taxes manageable.
Median Walnut Ridge Tax Bill
$433
Median Greene County Tax Bill
$903
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Walnut Ridge, Greene County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72476 | $219 | $319 | $433 | $615 | $651 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 17 |
Links | |
|---|---|
| Greene Tax Assessor | |
| Website | www.arcountydata.com |