71962 Property Tax Rate
Okolona, Arkansas · Part of Clark County
Effective Tax Rate
0.44%
35.1% below state avgMedian Annual Tax
$477
$40/mo escrow
Estimate Your Tax
Annual Tax
$477
Monthly
$40
Eff. Rate
0.44%
How ZIP 71962 Compares
Median Annual Property Tax
ZIP 71962
0.44%
Effective rate
Arkansas Avg
0.58%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in Arkansas
Lower than 79% of ZIP codes in Arkansas(21th percentile, 488 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 71962
Property owners in ZIP code 71962 (Okolona, Arkansas) pay a median of $477/year in property taxes on homes valued at $109,500. This translates to an effective tax rate of 0.44%, which is 24% below the Arkansas state average of 0.58%.
The monthly property tax burden for a median-valued home in 71962 is approximately $40, which factors into escrow payments on mortgages. This ZIP code is located within Clark County. This is $258 less than the Arkansas average of $735/year.
Compared to similar ZIP codes in Arkansas, 71962 has higher property taxes. ZIP codes with similar effective rates include 71965 (0.44%) and 72135 (0.43%).
If you're considering purchasing a home in 71962, 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 Clark County's tax assessor directly.
Frequently Asked Questions
What is the property tax rate in ZIP code 71962?
How much are property taxes in Okolona, AR (71962)?
How does ZIP 71962 compare to the Arkansas average?
What is the median home value in ZIP 71962?
What county is ZIP code 71962 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$35. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 71962 is part of Clark County, Arkansas. View the full county profile for broader context and more data.
View Clark County on TaxByCounty →Similar ZIP Codes in Arkansas
71965
-0.00%Pencil Bluff
0.44%
$557/yr
72135
-0.00%Roland
0.43%
$1,082/yr
72523
-0.00%Concord
0.43%
$482/yr
72051
+0.00%Fox
0.44%
$320/yr
72376
-0.00%Proctor
0.43%
$459/yr
72933
-0.00%Charleston
0.43%
$584/yr
72417
-0.00%Brookland
0.43%
$730/yr
72769
+0.00%Summers
0.44%
$920/yr
72938
-0.00%Hartford
0.43%
$578/yr
72478
+0.00%Warm Springs
0.44%
$410/yr
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.