71942 Property Tax Rate
Friendship, Arkansas · Part of Hot Spring County
Effective Tax Rate
0.98%
58.8% above state avgMedian Annual Tax
$1,167
$97/mo escrow
Estimate Your Tax
Annual Tax
$1,167
Monthly
$97
Eff. Rate
0.98%
Buyer decision brief
What ZIP 71942 means for your housing budget
Use this ZIP page to compare recurring tax burden before you compare listing prices. The numbers below are Census ZCTA estimates, so they are strongest for neighborhood comparison and weakest for parcel-specific tax planning.
Monthly escrow signal
$97/mo
Based on median annual tax paid
State context
0.40 percentage points above the Arkansas average
Arkansas average: 0.58%
Data confidence
Use cautionThe Census margin of error is $504, about 43% of the median tax estimate.
Verify before you offer
- Confirm parcel assessed value with Hot Spring County assessor.
- Check homestead, senior, veteran, and disability exemptions.
- Ask whether purchase triggers reassessment or value-cap reset.
- Review school district and special assessment boundaries.
Lower-rate similar ZIPs
This is informational content, not tax, legal, or mortgage advice. Local assessor records remain the source of truth for a specific property.
Data confidence ledger
Can you trust ZIP 71942 for comparison?
ACS vintage
2019-2023 ACS 5-Year Estimates
Five-year Census ZCTA estimates.
ZCTA caveat
Census area, not parcel boundary
USPS ZIP routes and taxing districts can differ inside the same area.
Field completeness
3/3 required fields
Median tax, home value, and derived rate are present.
MOE status
High margin of error
$504 tax MOE, 43% of the median tax estimate.
Last site refresh
March 10, 2026
Dataset and page-quality audit run locally before publication.
County fallback
County context only
Hot Spring County is used for assessor verification and broader context.
Tax bill anatomy
What can change your actual bill in ZIP 71942
Use the ZIP estimate to compare neighborhoods, then verify these parcel-level inputs before relying on a payment estimate.
Assessed value
The ZCTA median home value is $119,300, but your bill starts with the local assessed value for a specific parcel.
Effective rate
The displayed rate is 0.98%, derived from median tax paid divided by median home value.
Exemptions
Homestead, senior, veteran, disability, and local exemptions can reduce taxable value. Confirm eligibility before estimating escrow.
Reassessment
A purchase can change assessed value depending on Arkansas and county rules. Ask how sale price affects the next assessment cycle.
Escrow impact
The median tax paid in this ZCTA equals about $97 per month before insurance, HOA dues, or special assessments.
Assessor verification
Hot Spring County assessor or tax collector records are the source of truth for parcel taxes, appeal windows, and exemptions.
How ZIP 71942 Compares
Median Annual Property Tax
ZIP 71942
0.98%
Effective rate
Arkansas Avg
0.58%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in Arkansas
Higher than 97% of ZIP codes in Arkansas(97th percentile, 488 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 71942
Property owners in ZIP code 71942 (Friendship, Arkansas) pay a median of $1,167/year in property taxes on homes valued at $119,300. This translates to an effective tax rate of 0.98%, which is 70% above the Arkansas state average of 0.58%.
The monthly property tax burden for a median-valued home in 71942 is approximately $97, which factors into escrow payments on mortgages. This ZIP code is located within Hot Spring County. This is $432 more than the Arkansas average of $735/year.
Compared to similar ZIP codes in Arkansas, 71942 has higher property taxes. ZIP codes with similar effective rates include 71652 (0.97%) and 71663 (0.99%).
In Friendship, property taxes represent approximately 1.4% of the median household income of $85,461, providing context for the relative tax burden on homeowners in this area.
If you're considering purchasing a home in 71942, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Hot Spring County's tax assessor directly.
Frequently Asked Questions
What is the property tax rate in ZIP code 71942?
How much are property taxes in Friendship, AR (71942)?
How does ZIP 71942 compare to the Arkansas average?
What is the median home value in ZIP 71942?
What county is ZIP code 71942 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$504. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 71942 is part of Hot Spring County, Arkansas. View the full county profile for broader context and more data.
View Hot Spring County on TaxByCounty →Why compare these ZIPs?
Better comparison set for ZIP 71942
Each ZIP highlights a homebuyer tradeoff: lower rate, stronger value context, shared county rules, city boundary changes, or nearby missing data.
71941
Donaldson, AR
0.59 percentage points lower than ZIP 71942.
Rate
0.39%
Tax
$609
Quality
77
71929
Bismarck, AR
0.49 percentage points lower than ZIP 71942.
Rate
0.48%
Tax
$951
Quality
71
72104
Malvern, AR
0.44 percentage points lower than ZIP 71942.
Rate
0.54%
Tax
$635
Quality
82
72223
Little Rock, AR
0.07 percentage points lower than ZIP 71942.
Rate
0.91%
Tax
$3,955
Quality
94
72718
Cave Springs, AR
0.32 percentage points lower than ZIP 71942.
Rate
0.66%
Tax
$2,700
Quality
84
72712
Bentonville, AR
0.30 percentage points lower than ZIP 71942.
Rate
0.68%
Tax
$2,738
Quality
89
72207
Little Rock, AR
0.14 percentage points lower than ZIP 71942.
Rate
0.84%
Tax
$3,244
Quality
94
72758
Rogers, AR
0.37 percentage points lower than ZIP 71942.
Rate
0.61%
Tax
$2,189
Quality
89
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.