71968 Property Tax Rate

Property owners in ZIP code 71968 (Royal, Arkansas) pay a median of $947/year in property taxes on homes valued at $174,700. This translates to an effective tax rate of 0.54%, which is 6% below the Arkansas state average of 0.58%.

The monthly property tax burden for a median-valued home in 71968 is approximately $79, which factors into escrow payments on mortgages. This ZIP code is located within Garland County. This is $212 more than the Arkansas average of $735/year.

Compared to similar ZIP codes in Arkansas, 71968 has higher property taxes. ZIP codes with similar effective rates include 72104 (0.54%) and 72173 (0.54%).

In Royal, property taxes represent approximately 1.3% of the median household income of $75,651, 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. Garland County administers the Homestead Property Tax Credit for qualifying homeowners—file your application with the Garland County Assessor to reduce your tax liability. Contact the Garland County Assessor's office before the end of the tax year to submit your exemption claim.