Walnut Ridge, Greene County, Arkansas Property Taxes

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

Median Walnut Ridge, AR effective property tax rate: 0.86%, significantly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median Walnut Ridge, AR home value: $57,650
Median annual Walnut Ridge, AR tax bill: $415, $1,985 lower than the national median property tax bill of $2,400.

How are property taxes in Greene County calculated?

Property taxes in Walnut Ridge, 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 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 March 1, 2025

Walnut Ridge, Greene County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.86%

Estimate Property Tax Bill

$496

$460

Ownwell’s Walnut Ridge Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Walnut Ridge with just two data points. By entering your property's estimated assessed value, our calculator applies Walnut Ridge’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 Lawrence County. Walnut Ridge's median property tax bill is notably below the national median, making it an attractive location for property investment. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Walnut Ridge, Greene County, Arkansas

Local government entities set tax rates, which can vary widely within a state. This is because each county annually 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 Walnut Ridge, located in Lawrence County, Arkansas, the property tax rate is notably lower than the national median of 1.02%. The median property tax rate in Arkansas is 0.61%, which is significantly below the national average. When comparing Walnut Ridge’s effective property tax rate to other cities in Arkansas, it aligns with the state’s trend of maintaining lower rates. This makes Walnut Ridge an attractive option for property owners seeking relief from higher tax burdens. By understanding these rates, homeowners in Walnut Ridge can better anticipate their annual property tax bills and plan accordingly.

Property Tax Rates Across Walnut Ridge, 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 Walnut Ridge Tax Rate

0.86%

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 Walnut Ridge, Greene County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72476	0.67%	0.72%	0.86%	0.86%	0.86%

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. 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 Walnut Ridge.

For example, the median home price in Walnut Ridge is $57,650, with tax bills ranging significantly across the county. Zip code 72476 has the highest median home price at $57,650.

Property Tax Assessment Values Across Walnut Ridge, Greene County, Arkansas

Source: Ownwell

$57,650

$93,725

$129,800

Median Walnut Ridge Market Value

$57,650

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 Walnut Ridge, Greene County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72476	$23,000	$34,275	$57,650	$62,850	$86,690

Source: Ownwell

Property Tax Bills Across Walnut Ridge, Greene County, Arkansas

In Walnut Ridge, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The area's median home price is $57,650, significantly lower than the national average, which impacts the tax bill. Homeowners in Walnut Ridge face a range of property tax bills, with the 25th percentile at $292 and the 75th percentile at $537. The 90th percentile reaches $621, indicating that most homeowners pay less than the national median property tax bill of $2,400. Factors such as property size, location, and improvements can influence the assessed value, affecting the tax bill. Ownwell assists homeowners by offering property tax appeal and exemption services, potentially lowering their tax obligations. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners challenge overvaluations, ensuring they pay only their fair share. This service is crucial in a market where every dollar counts, allowing homeowners to maximize their savings and reduce financial burdens.

Property Tax Bills Across Walnut Ridge, Greene County, Arkansas

Source: Ownwell

$415

$659

$903

Median Walnut Ridge Tax Bill

$415

Median Greene County Tax Bill

$820

Median Arkansas Tax Bill

$877

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	$207	$292	$415	$537	$621

Source: Ownwell