Rate Breakdown

Property taxes in Greene County are calculated by multiplying the assessed value (minus exemptions) by the total local millage rate.

How Property Tax Works in Greene County

Property taxes in Greene County are calculated on the assessed value of real‑estate, which the County Assessor determines each year. The assessor first estimates market value, then applies a uniform assessment ratio of 20 percent (as mandated by Arkansas state law) to arrive at the taxable value. Once the taxable value is set, the County Board of Assessors applies the local millage rate—a figure expressed in “mills,” where one mill equals one‑tenth of one percent of assessed value. For the 2024 fiscal year, Greene County’s combined millage rate (including the County, city, school, and special district levies) is 123 mills, or $123 per $1,000 of assessed value. Multiply your assessed value by the millage rate, divide by 1,000, and you have your annual property tax bill.

Available Exemptions

Arkansas offers several exemptions that can reduce the taxable portion of your property. Greene County administers these exemptions according to state guidelines.

• Homestead Exemption: Homeowners who occupy the property as a primary residence may qualify for a $2,500 reduction in taxable value.
• Senior Citizen Exemption: Residents aged 65 or older with an adjusted gross income (AGI) below a state‑specified threshold receive a $1,000 reduction, plus an additional $500 if the homeowner is also disabled.
• Disability Exemption: Individuals with a documented permanent disability may claim a $1,500 exemption on the assessed value of their primary residence.
• Veteran Exemption: Honorably discharged veterans (or surviving spouses) who are totally disabled or over 65 receive a $1,000 exemption; disabled veterans may also qualify for an extra $500.

To claim any exemption, submit the appropriate application to the Greene County Assessor’s Office by the January 1 deadline for the tax year.

Payment Schedule & Deadlines

Greene County property taxes are due in two installments, each representing half of the total annual bill.

• First Installment: Due on **April 15**. Payments may be made online, by mail, or in person at the Treasurer’s Office.
• Second Installment: Due on **October 15**. The same payment options apply.
• Late Payments: If a payment is not received by the due date, a statutory penalty of **10 percent** of the delinquent amount is assessed, plus interest at the rate set by the Arkansas Department of Finance and Administration.
• Installment Plans: Taxpayers who experience financial hardship may request a quarterly payment plan by filing a written request with the Treasurer before the first installment is due.

Appealing Your Assessment

If you believe your property’s assessed value is inaccurate, Greene County provides a formal appeals process.

• Step 1 – Review: Examine the notice of assessment and compare the county’s market value estimate with recent comparable sales.
• Step 2 – File a Petition: Submit a written petition to the Greene County Assessment Review Board within **30 days** of the assessment notice. Include supporting evidence such as appraisals, sales data, or photographs.
• Step 3 – Hearing: The Board will schedule an informal hearing. You may present your case in person or via a qualified representative.
• Step 4 – Decision: The Board issues a written decision within **45 days** of the hearing. If the outcome is unsatisfactory, you may appeal to the Arkansas State Board of Assessment Review following state procedures.

Timely filing and thorough documentation are essential. For assistance, contact the Greene County Assessor’s Office or a qualified property tax consultant.