Palestine, St. Francis County, Arkansas Property Taxes
Median Palestine, Arkansas effective property tax rate: 0.81%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Palestine, Arkansas home value: $65,975
Median annual Palestine, Arkansas tax bill: $494, $1,906 lower than the national median property tax bill of $2,400.
How are property taxes in St. Francis calculated?
Property taxes in Palestine, 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 Palestine’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Palestine, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Palestine, St. Francis County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.81%
Estimate Property Tax Bill
$534
$496
Ownwell’s Palestine Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Palestine with just two data points.
By entering your property's estimated assessed value, our calculator applies Palestine’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 St. Francis County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Palestine, St. Francis County, Arkansas
Local government entities set tax rates, and these can vary significantly within a state. This variation occurs because 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, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the basic annual process.
In Palestine, located in St. Francis County, Arkansas, the effective property tax rate is 0.81%, which aligns with the highest and lowest median tax rates in the state. This rate is below the national median property tax rate of 1.02%, which can be a significant factor for property owners considering the affordability of living in this area. The median property tax bill can also be a critical consideration for homeowners, as it often reflects the local cost of living and the level of public services provided. Therefore, understanding these rates and how they compare to both state and national figures can help property owners make informed financial decisions.
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 Palestine Tax Rate
0.81%
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 St. Francis County Tax Rate
0.75%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Palestine, St. Francis County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72372 | 0.52% | 0.65% | 0.81% | 0.88% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Palestine, St. Francis County, Arkansas
When examining property taxes in Palestine, 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 St. Francis 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 St. Francis 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 Palestine.
For example, the median home price in Palestine is $65,975, with tax bills ranging significantly across the county. Zip code 72372 has the highest median home price at $65,975.
Property Tax Assessment Values Across Palestine, St. Francis County, Arkansas
Source: Ownwell
$19,950
$42,963
$65,975
Median Palestine Market Value
$65,975
Median St. Francis County Market Value
$48,600
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Palestine, St. Francis County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72372 | $14,820 | $38,450 | $65,975 | $102,900 | $150,740 |
Source: Ownwell
Property Tax Bills Across Palestine, St. Francis County, Arkansas
Median Palestine Tax Bill
$494
Median St. Francis County Tax Bill
$344
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Palestine, St. Francis County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72372 | $114 | $262 | $494 | $793 | $1,188 |
Source: Ownwell