71748 Property Tax Rate

Property owners in ZIP code 71748 (Ivan, Arkansas) pay a median of $1,588/year in property taxes on homes valued at $258,800. This translates to an effective tax rate of 0.61%, which is 7% above the Arkansas state average of 0.58%.

The monthly property tax burden for a median-valued home in 71748 is approximately $132, which factors into escrow payments on mortgages. This ZIP code is located within Dallas County. This is $853 more than the Arkansas average of $735/year.

Compared to similar ZIP codes in Arkansas, 71748 has lower property taxes. ZIP codes with similar effective rates include 72331 (0.61%) and 72358 (0.61%).

In Ivan, property taxes represent approximately 1.3% of the median household income of $125,438, providing context for the relative tax burden on homeowners in this area.

Arkansas reassesses to market value at closing with no annual cap on increases, so expect your first tax bill to be calculated at the sale price. Dallas County offers the Homestead Property Tax Credit for income-qualified primary residences (income limit $27,000); apply with the Dallas County Assessor or the Arkansas Department of Finance and Administration before the annual filing deadline. Contact the Dallas County Assessor to request the Homestead Property Tax Credit application and confirm the state deadline for submitting your income documentation.