How are property taxes calculated in Greenbrier, Arkansas?

Property taxes in Greenbrier are based on the assessed value of your home and land as determined by the Faulkner County Assessor, multiplied by the local millage rate. The assessed value is typically a percentage of market value, and millage rates can vary by school district and city limits.

Are property taxes high in Greenbrier compared to other areas?

Property taxes in Greenbrier are generally considered reasonable and often compare favorably to many other parts of the country, especially when you factor in the homestead tax credit and the quality of local schools and services.

What is the homestead tax credit and how do I get it?

The Arkansas homestead tax credit reduces the amount of property tax owed on your primary residence. To receive it, you must file for the credit with the county once you occupy the home as your primary residence. It is not automatically applied just because you bought a home.

Do disabled veterans receive property tax relief in Greenbrier?

Qualified disabled veterans in Arkansas may be eligible for significant property tax relief or exemption on their primary residence. Eligibility is determined by state guidelines and documentation from the VA. Homeowners should contact the county assessor or collector for exact requirements and application steps.

When are property taxes due in Faulkner County?

Property taxes in Faulkner County are typically assessed one year and paid the following year, with a set due date established by the county. Many homeowners pay their taxes through an escrow account as part of their monthly mortgage payment, while others pay directly to the county collector by the deadline to avoid penalties.

Greenbrier AR Property Tax Guide (2025–2026) — Rates, Homestead Credit & Homeowner Savings

This Greenbrier property tax guide explains millage rates, homestead credits, exemptions, how taxes are calculated, and what homeowners can expect to pay. Updated for 2025–2026 and written for buyers relocating to Greenbrier, Arkansas.

Property taxes are one of the most important-

and most often misunderstood — parts of buying a home in Greenbrier, Arkansas.
Whether you're relocating, moving from Conway or Little Rock, or buying your first home, understanding property taxes helps you:

Estimate monthly payments

Compare neighborhoods

Evaluate affordability

Know what changes after closing

Understand homestead savings

Plan your long-term budget

Greenbrier is known for affordable property taxes, especially compared to larger Arkansas cities. That’s a major reason many families choose to settle here.

This guide walks you through everything — clearly, simply, and with real local numbers. I want to be your go to Greenbrier Real Estate Agent

Contact Me Now

How Property Taxes Work in Greenbrier, Arkansas

Property taxes in Greenbrier are determined by:

Assessed value (20% of market value)

Millage rate (local rate applied to assessed value)

Homestead credit (reduces taxes for primary residences)

Arkansas uses a 20% assessment ratio, which is lower than many states.

This makes Central Arkansas — and especially Greenbrier — more affordable than buyers expect.

Greenbrier Millage Rates (2025–2026)

Here is the approximate breakdown for Greenbrier:

Taxing Authority	Millage Rate
Greenbrier School District	~38–40 mills
Faulkner County	~10–11 mills
City of Greenbrier	~5 mills
Library / Fire / Misc.	~2–3 mills
Total Estimated	≈ 55–59 mills

👉 Final tax bills vary slightly by location and updates.

For additional insight into local life, see:

Greenbrier Cost of Living Guide

How to Estimate Your Property Taxes in Greenbrier

Arkansas calculates taxes using this formula:

Market Value × 20% = Assessed Value

Assessed Value × Millage Rate = Annual Tax

Apply Homestead Credit (up to $425 deduction)

This is one of the many advantages ofl iving in Greenbrier

⭐ Example: $300,000 Home in Greenbrier

Market Value: $300,000

Assessed Value: $60,000 (20% of market value)

Millage Rate: 0.056 (56 mills typical)

Tax Before Homestead: $3,360

Minus Homestead Credit: –$425

Estimated Tax: $2,935 per year

Monthly → ~$244/mo in property taxes

This is significantly lower than many areas around Conway or Little Rock.

What Is the Arkansas Homestead Credit?

The Arkansas Homestead Tax Credit gives homeowners up to $425 off their annual tax bill.

You qualify if:

The home is your primary residence

You occupy the home by January 1 of the tax year

You apply with the County Assessor

⭐ How to Apply

Fill out the Homestead Credit form at:

Faulkner County Assessor’s Office

Apply online at the assessor’s digital portal (if available).

This credit never expires unless you move or change primary residence.

Additional Tax Savings for Greenbrier Homeowners

65+ Freeze Benefit

Arkansas allows property taxes for homeowners 65 and older to freeze (in most cases), preventing future
increases.

Disabled Veteran Exemption

Qualifying disabled veterans may receive full property tax exemption on their primary residence.

Supporting page: Veterans & Military Homebuyers

Senior & Disability Exemptions (case-specific)

Applicants with disabilities or qualifying medical circumstances may receive reductions.

Homestead Land Discount (acreage sellers only)

Some rural parcels qualify for agricultural valuation.

Property Taxes by Neighborhood & Area

While Greenbrier has no extreme tax differences by neighborhood, some general trends apply:

⭐ In-Town Greenbrier

Slightly higher utilities

Slightly higher tax rate due to city millage

Close to Greenbriier schools

Neighborhood guide

⭐ South Greenbrier

Often slightly lower taxes than in-town because taxes shift as you approach county lines.

⭐ West Greenbrier (Acreage & Rural Estates)

Taxes often lower for:

Homes on acreage

Rural parcels

Properties outside city limits

See:

Greenbrier Homes on Acreage

Do Property Taxes Increase When You Buy a Home?

Yes, sometimes. Here's why:

Your tax rate may adjust based on recent sale price

Millage rates change annually

Homestead credit must be applied for after closing

But Arkansas law generally limits how quickly assessments can rise. You should always check when your searching for Greenbrier homes for sale especically if your looking for

land and acreage

Property Taxes & Mortgage Escrow

Most Greenbrier homeowners choose to escrow taxes into their monthly payment.

Escrow includes:

Property taxes

Homeowners insurance

This makes budgeting smoother and prevents annual surprises.

When Are Property Taxes Due in Greenbrier?

Taxes in Arkansas follow this schedule:

Tax bills issued: Around March

First day to pay: Immediately

Deadline: October 15 every year

Late fees apply after this date.

These are important dates to remember when moving to Greenbrier

FAQ — Greenbrier Property Taxes

Are Greenbrier property taxes high?

No — they are lower than many Arkansas cities.

Does the Homestead Credit apply immediately after purchase?

No — you must apply with the assessor.

Do taxes change yearly?

Yes — millage rates can adjust annually.

Do homeowners 65+ get tax benefits?

Yes — many taxes freeze at age 65.

Can new construction have different taxes?

Yes — taxes rise once the home is completed and reassessed.

If you're planning a move to Greenbrier or comparing tax rates across Central Arkansas or a first time homebuyer I’d love to help you
estimate your total housing cost, compare neighborhoods, and guide you through buying your next home.

Contact Ashley Watters — your Greenbrier real estate resource.

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