Cotton Plant, Monroe County, Arkansas Property Taxes
Property Taxes in Cotton Plant, Arkansas
Median Cotton Plant, Arkansas effective property tax rate: 0.92%, significantly lower than the national median of 1.02%, and higher than the Arkansas state median of 0.81%.
Median Cotton Plant, Arkansas home value: $60,200
Median annual Cotton Plant, Arkansas tax bill: $487, lower than the national median property tax bill of $2,400.
How are property taxes in Monroe County calculated?
Property taxes in Cotton Plant, 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 Cotton Plant's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cotton Plant, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Cotton Plant, Monroe County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.92%
Estimate Property Tax Bill
$554
$514
How Does the Cotton Plant Property Tax Calculator Work?
Use this Cotton Plant property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Cotton Plant's median effective tax rate of 0.92% — based on actual property records in Monroe 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 Cotton Plant'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 Cotton Plant: rates range from 0.92% in 72036 to 0.92% in 72036, 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 Cotton Plant.
About Cotton Plant Property Taxes
About Property Taxes in Cotton Plant, Monroe, Arkansas
Cotton Plant’s median effective property tax rate of 0.92% is lower than the Arkansas state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Monroe 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 Cotton Plant. Homeowners in the 72036 ZIP code carry a median effective rate of 0.92%, while those in the same ZIP code pay 0.92%. This spread reflects how school district boundaries and local assessment districts are drawn across Monroe County. Understanding which part of Cotton Plant you live in can make a meaningful difference to your annual tax bill.
Cotton Plant 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 Cotton Plant, Monroe 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 Cotton Plant'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 ÷ 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 Cotton PlantTax Rate
0.92%
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 MonroeCounty Tax Rate
0.96%
Median Effective ArkansasTax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cotton Plant, Monroe County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72036 | 0.47% | 0.86% | 0.92% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Cotton Plant, Monroe County, Arkansas
When examining property taxes in Cotton Plant, 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 Monroe 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.
Assessment notices:
In Monroe County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
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 Cotton Plant.
For example, the median home price in Cotton Plant is $60,200, with tax bills ranging significantly across the county. 72036 has the highest median home price at $60,200.
Property Tax Assessment Values Across Cotton Plant, Monroe County, Arkansas
Source: Ownwell
$31,525
$45,863
$60,200
Median Cotton Plant Market Value
$60,200
Median Monroe County Market Value
$34,950
Median Arkansas Market Value
$118,750
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cotton Plant, Monroe County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72036 | $3,810 | $37,825 | $60,200 | $91,725 | $167,640 |
Source: Ownwell
Property Tax Bills Across Cotton Plant, Monroe County, Arkansas
Property tax bills in Cotton Plant are based on the assessed value of a home, not the market price alone. Local tax rates are applied to that assessed value to determine the final bill, so a higher assessment usually means a higher tax bill. In Monroe County, the median home price is $60,200, which helps explain why property taxes can still vary widely from one homeowner to another.
Several factors affect the amount a homeowner pays, including the property’s assessed value, the local tax rate, and whether any exemptions apply. In Cotton Plant, the 25th percentile tax bill is $285, while the 75th percentile is $895 and the 90th percentile is $1,814. That spread shows how much bills can differ even within the same city.
For homeowners, property taxes are an ongoing cost of ownership that can affect monthly budgets and long-term affordability.
Median Cotton Plant Tax Bill
$487
Median Monroe County Tax Bill
$265
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Cotton Plant, Monroe County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72036 | $69 | $285 | $487 | $895 | $1,814 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 17 |
Links | |
|---|---|
| Monroe Tax Assessor | |
| Website | www.arcountydata.com |