71644 Property Tax Rate

Property owners in ZIP code 71644 (Grady, Arkansas) pay a median of $1,094/year in property taxes on homes valued at $128,900. This translates to an effective tax rate of 0.85%, which is 47% above the Arkansas state average of 0.58%.

The monthly property tax burden for a median-valued home in 71644 is approximately $91, which factors into escrow payments on mortgages. This ZIP code is located within Lincoln County. This is $359 more than the Arkansas average of $735/year.

Compared to similar ZIP codes in Arkansas, 71644 has lower property taxes. ZIP codes with similar effective rates include 71677 (0.85%) and 72207 (0.84%).

In Grady, property taxes represent approximately 1.5% of the median household income of $72,601, providing context for the relative tax burden on homeowners in this area.

Arkansas requires reassessment to market value at closing with no statewide annual cap, placing your first tax bill at the purchase price. Lincoln County primary residences earning under $27,000 annually may qualify for the Homestead Property Tax Credit—apply with the Lincoln County Assessor or Arkansas Department of Finance and Administration by the annual deadline. Contact the Lincoln County Assessor after receiving your Notice of Assessment to apply for the Homestead Property Tax Credit if you qualify by income.