Genoa, Miller County, Arkansas Property Taxes

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

Median Genoa, AR effective property tax rate: 1.07%, significantly higher than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Genoa, AR home value: $11,000
Median annual Genoa, AR tax bill: $115, $2,285 lower than the national median property tax bill of $2,400.

How are property taxes in Miller calculated?

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

Last Updated March 1, 2025

Genoa, Miller County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.07%

Estimate Property Tax Bill

$118

$109

Ownwell’s Genoa Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Genoa with just two data points. By entering your property's estimated assessed value, our calculator applies Genoa’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 Miller County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Genoa, Miller County, Arkansas

In Genoa, Miller County, Arkansas, property tax rates are determined by local government entities and can differ significantly across the state. Each year, counties calculate their budgetary needs to fund essential services and then divide this amount by the total assessed value of all taxable properties within their borders. This process results in the effective property tax rate for the area. While the establishment of tax rates and budgets involves various votes and legislative measures, this annual calculation forms the core of the process.

Residents of Genoa might find it useful to compare their effective property tax rate with other cities in Arkansas, as well as with the median tax rates across the state and the nation. Arkansas's median property tax rate is slightly above the national median of 1.02%, which can provide context for understanding local tax obligations. This comparison can help property owners in Genoa assess how their tax burden aligns with regional and national trends, ultimately aiding in more informed financial planning and decision-making.

Property Tax Rates Across Genoa, Miller County, Arkansas

Source: Ownwell

0.81%

0.84%

0.88%

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 Genoa Tax Rate

1.07%

Median Effective Miller County Tax Rate

0.86%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Genoa, Miller County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
71840	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Genoa, Miller County, Arkansas

When examining property taxes in Genoa, 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 Miller County Assessor's Office 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 Miller County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Genoa. For example, the median home price in Genoa is $11,000, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Genoa, Miller County, Arkansas

Source: Ownwell

$13,100

$49,663

$86,225

Median Genoa Market Value

$11,000

Median Miller County Market Value

$80,350

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Genoa, Miller County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
71840	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Genoa, Miller County, Arkansas

In Genoa, located in Miller County, AR, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $11,000, many homeowners in Genoa face property tax bills that can range significantly. For example, the 25th percentile tax bill is $50, while the 75th percentile tax bill reaches $437, and the 90th percentile climbs to $910. These figures highlight the variability in tax obligations depending on property values and local tax rates. Compared to the national median property tax bill of $2,400, Genoa residents generally benefit from lower tax bills. However, any savings can make a significant difference. Ownwell assists homeowners by identifying potential areas for property tax appeals and exemptions, ensuring they pay only what is fair. By leveraging Ownwell's expertise, homeowners can navigate the complexities of property taxes and potentially reduce their financial burden.

Property Tax Bills Across Genoa, Miller County, Arkansas

Source: Ownwell

$85

$389

$693

Median Genoa Tax Bill

$115

Median Miller County Tax Bill

$630

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Genoa, Miller County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
71840	N/A	N/A	N/A	N/A	N/A

Source: Ownwell