Wheatley, Monroe County, Arkansas Property Taxes

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Property Taxes in Wheatley, Arkansas

Median Wheatley, Arkansas effective property tax rate: 0.49%, significantly lower than the national median of 1.02%, and lower than the Arkansas state median of 0.81%.
Median Wheatley, Arkansas home value: $46,600
Median annual Wheatley, Arkansas tax bill: $183, lower than the national median property tax bill of $2,400.

How are property taxes in Monroe County calculated?

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

Last Updated April 13, 2026

Wheatley, Monroe County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.49%

Estimate Property Tax Bill

$228

$212

How Does the Wheatley Property Tax Calculator Work?

Use this Wheatley property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Wheatley's median effective tax rate of 0.49% — 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 Wheatley'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 Wheatley: rates differ across local taxing areas, primarily due to differences in school district levies and local assessment districts. Wheatley's median property tax bill of $183 is lower than the Arkansas median tax bill and well below the national median property tax bill of $2400.

For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Wheatley.

About Wheatley Property Taxes

About Property Taxes in Wheatley, Monroe, Arkansas

Wheatley’s median effective property tax rate of 0.49% 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 Wheatley. Homeowners in different parts of the city can face different tax burdens because school district boundaries and local assessment districts are drawn across Monroe County. Understanding which part of Wheatley you live in can make a meaningful difference to your annual tax bill.

The median home price in Wheatley is $46,600, and the median property tax bill is $183, which is lower than the national median property tax bill of $2,400. The 75th percentile tax bill is $421, showing how much bills can rise for some homeowners.

Wheatley 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 Wheatley, 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 Wheatley's effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.

Property Tax Rates Across Wheatley, Monroe County, Arkansas

Source: Ownwell

0.83%

0.89%

0.96%

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 Wheatley Tax Rate

0.49%

Median Effective Monroe County Tax Rate

0.96%

Median Effective Arkansas Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Wheatley, Monroe County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
72392	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Wheatley, Monroe County, Arkansas

When examining property taxes in Wheatley, 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 assessor 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 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 Wheatley.

For example, the median home price in Wheatley is $46,600, with tax bills ranging significantly across the county. The median tax bill is $183, compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400.

Property Tax Assessment Values Across Wheatley, Monroe County, Arkansas

Source: Ownwell

$31,525

$45,863

$60,200

Median Wheatley Market Value

$46,600

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 Wheatley, Monroe County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
72392	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Wheatley, Monroe County, Arkansas

How are property tax bills calculated in Wheatley?

Property tax bills in Wheatley are based on the assessed value of a home, which is then multiplied by the local tax rate. That means the market value of a property is only part of the equation; the final bill depends on how the home is assessed and which local taxing authorities apply. For homeowners, this can make a big difference from year to year if assessed values change.

What factors affect the amount due? The home’s value is the main driver, but exemptions and local rates also influence the final tax bill. In Monroe County, property tax bills can vary widely, with the 25th percentile at $14, the 75th percentile at $421, and the 90th percentile at $562. That range shows how differently similar homes can be taxed.

For homeowners, property taxes are an ongoing housing cost that can affect affordability, especially when bills rise faster than income.

Property Tax Bills Across Wheatley, Monroe County, Arkansas

Source: Ownwell

$192

$340

$487

Median Wheatley Tax Bill

$183

Median Monroe County Tax Bill

$265

Median Arkansas Tax Bill

$870

Median United States Tax Bill

$2,400

Property Tax Bills Across Wheatley, Monroe County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
72392	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	August 17

Links
Monroe Tax Assessor
Website	www.arcountydata.com

Frequently Asked Property Tax Questions in Wheatley, Arkansas

How are property taxes calculated in Wheatley, Arkansas?

Property taxes in Wheatley, Arkansas are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Wheatley, Arkansas?

To appeal your property taxes in Wheatley, Arkansas, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Wheatley, Arkansas?

Common property tax exemptions in Wheatley, Arkansas include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Wheatley, Arkansas?

Property tax deadlines in Wheatley, Arkansas vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Wheatley, Arkansas?

Ownwell provides professional property tax appeal services in Wheatley, Arkansas. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.