71842 Property Tax Rate

Property owners in ZIP code 71842 (Horatio, Arkansas) pay a median of $892/year in property taxes on homes valued at $159,600. This translates to an effective tax rate of 0.56%, which is near the Arkansas state average of 0.58%.

The monthly property tax burden for a median-valued home in 71842 is approximately $74, which factors into escrow payments on mortgages. This ZIP code is located within Sevier County.

Compared to similar ZIP codes in Arkansas, 71842 has lower property taxes. ZIP codes with similar effective rates include 72129 (0.56%) and 72661 (0.56%).

In Horatio, property taxes represent approximately 1.6% of the median household income of $56,543, providing context for the relative tax burden on homeowners in this area.

Arkansas has no state-level property tax cap; assessments are determined locally by county assessors and can increase annually without restriction. Sevier County offers the Homestead Property Tax Credit for eligible primary residences—file your claim with the Sevier County Assessor to reduce your assessed value. Submit your exemption application to the Sevier County Assessor's office before year-end to qualify for relief in the following tax year.