Green Forest, Newton County, Arkansas Property Taxes
Median Green Forest, AR effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Green Forest, AR home value: $72,725
Median annual Green Forest, AR tax bill: $422, $1,978 lower than the national median property tax bill of $2,400.
How are property taxes in Newton calculated?
Property taxes in Green Forest, 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 Green Forest’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Green Forest, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Green Forest, Newton County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.79%
Estimate Property Tax Bill
$575
$533
Property Tax Rates Across Green Forest, Newton County, Arkansas
Local government entities set tax rates, which can vary widely within a state. Each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in essence.
In Green Forest, located in Newton County, Arkansas, property tax rates can be compared to those in other cities across the state. The effective property tax rate here is slightly below the national median of 1.02%. This lower rate can be an attractive factor for property owners, offering potential savings compared to areas with higher tax rates. For residents, this means the opportunity to benefit from lower property tax bills, which can be particularly appealing in a state where the cost of living is already relatively low. By understanding these rates and how they compare to national averages, property owners can make more informed decisions about their real estate investments.
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 Green Forest Tax Rate
0.79%
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 Newton County Tax Rate
0.71%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Green Forest, Newton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72638 | 0.52% | 0.68% | 0.79% | 0.85% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Green Forest, Newton County, Arkansas
When examining property taxes in Green Forest, 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 Newton 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.
Assessment notices: In Newton County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Green Forest. For example, the median home price in Green Forest is $72,725, with tax bills ranging significantly across the county. Zip code 72638 has the highest median home price at $72,725.
Property Tax Assessment Values Across Green Forest, Newton County, Arkansas
Source: Ownwell
$63,150
$83,663
$104,175
Median Green Forest Market Value
$72,725
Median Newton County Market Value
$77,850
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Green Forest, Newton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72638 | $44,705 | $58,062 | $72,725 | $100,462 | $131,850 |
Source: Ownwell
Property Tax Bills Across Green Forest, Newton County, Arkansas
Median Green Forest Tax Bill
$422
Median Newton County Tax Bill
$525
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Green Forest, Newton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72638 | $262 | $396 | $422 | $876 | $1,046 |
Source: Ownwell