71753 Property Tax Rate

Property owners in ZIP code 71753 (Magnolia, Arkansas) pay a median of $837/year in property taxes on homes valued at $166,900. This translates to an effective tax rate of 0.50%, which is 13% below the Arkansas state average of 0.58%.

The monthly property tax burden for a median-valued home in 71753 is approximately $70, which factors into escrow payments on mortgages. This ZIP code is located within Columbia County.

Compared to similar ZIP codes in Arkansas, 71753 has lower property taxes. ZIP codes with similar effective rates include 72443 (0.50%) and 72060 (0.50%).

In Magnolia, property taxes represent approximately 1.8% of the median household income of $45,714, providing context for the relative tax burden on homeowners in this area.

Arkansas requires reassessment to market value at purchase with no statewide annual increase cap, placing your assessed value at the full sale price on your first bill. Columbia County homeowners earning under $27,000 may qualify for the Homestead Property Tax Credit; file your application with the Columbia County Assessor or the Arkansas Department of Finance and Administration by the annual deadline. Request the Homestead Property Tax Credit application from the Columbia County Assessor and file before the state cutoff date if your household income qualifies.