72104 Property Tax Rate

Property owners in ZIP code 72104 (Malvern, Arkansas) pay a median of $635/year in property taxes on homes valued at $117,300. 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 72104 is approximately $53, which factors into escrow payments on mortgages. This ZIP code is located within Hot Spring County.

Compared to similar ZIP codes in Arkansas, 72104 has higher property taxes. ZIP codes with similar effective rates include 72058 (0.54%) and 71968 (0.54%).

In Malvern, property taxes represent approximately 1.2% of the median household income of $51,492, 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. Hot Spring County administers the Homestead Property Tax Credit for qualifying homeowners—verify your income eligibility and file with the Hot Spring County Assessor's office. Submit your exemption application to the Hot Spring County Assessor within 30 days of closing to qualify for relief.