72042 Property Tax Rate

Property owners in ZIP code 72042 (De Witt, Arkansas) pay a median of $556/year in property taxes on homes valued at $120,100. This translates to an effective tax rate of 0.46%, which is 20% below the Arkansas state average of 0.58%.

The monthly property tax burden for a median-valued home in 72042 is approximately $46, which factors into escrow payments on mortgages. This ZIP code is located within Arkansas County.

Compared to similar ZIP codes in Arkansas, 72042 has higher property taxes. ZIP codes with similar effective rates include 72085 (0.46%) and 72740 (0.46%).

In De Witt, property taxes represent approximately 0.9% of the median household income of $61,338, 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. Arkansas County offers the Homestead Property Tax Credit for primary residences—apply with the Arkansas County Assessor to determine your relief based on income and homestead status. Submit your exemption claim to the Arkansas County Assessor within 30 days of purchase.