Walnut Ridge, Randolph County, Arkansas Property Taxes
Median Walnut Ridge, AR effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Walnut Ridge, AR home value: $60,925
Median annual Walnut Ridge, AR tax bill: $375, $2,025 lower than the national median property tax bill of $2,400.
How are property taxes in Randolph 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, Randolph County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.78%
Estimate Property Tax Bill
$475
$441
Property Tax Rates Across Walnut Ridge, Randolph County, Arkansas
Local government entities set tax rates, which can vary widely within a state. 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. Below, you can compare Walnut Ridge’s effective property tax rate to other cities in Arkansas and the median property tax rates in Arkansas and the U.S.
In Walnut Ridge, located in Randolph County, the median property tax rate stands at 0.76%. This rate is significantly lower than the national median property tax rate of 1.02%, offering considerable savings for property owners in the area. With a median property tax bill that falls below the national median of $2,400, Walnut Ridge presents an appealing option for those seeking lower property tax liabilities. This lower tax burden is a result of the county's efficient budget management and the relatively lower assessed property values in the region, making it an attractive location for homeowners and investors alike.
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
0.78%
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 Randolph County Tax Rate
0.60%
Median Effective Arkansas Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Walnut Ridge, Randolph County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72476 | 0.13% | 0.43% | 0.78% | 0.78% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Walnut Ridge, Randolph 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 Randolph 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.
In Randolph 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 Walnut Ridge. For example, the median home price in Walnut Ridge is $60,925, with tax bills ranging significantly across the county. Zip code 72476 has the highest median home price at $60,925.
Property Tax Assessment Values Across Walnut Ridge, Randolph County, Arkansas
Source: Ownwell
$27,688
$44,307
$60,925
Median Walnut Ridge Market Value
$60,925
Median Randolph County Market Value
$66,400
Median Arkansas Market Value
$118,750
Median United States Market Value
$235,294
Property Tax Assessment Values Across Walnut Ridge, Randolph County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72476 | $23,712 | $43,850 | $60,925 | $94,019 | $149,860 |
Source: Ownwell
Property Tax Bills Across Walnut Ridge, Randolph County, Arkansas
Median Walnut Ridge Tax Bill
$427
Median Randolph County Tax Bill
$336
Median Arkansas Tax Bill
$870
Median United States Tax Bill
$2,400
Property Tax Bills Across Walnut Ridge, Randolph County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72476 | $29 | $127 | $427 | $602 | $923 |
Source: Ownwell