72111 Property Tax Rate

Property owners in ZIP code 72111 (Mount Vernon, Arkansas) pay a median of $644/year in property taxes on homes valued at $156,300. This translates to an effective tax rate of 0.41%, which is 28% below the Arkansas state average of 0.58%.

The monthly property tax burden for a median-valued home in 72111 is approximately $54, which factors into escrow payments on mortgages. This ZIP code is located within Faulkner County.

Compared to similar ZIP codes in Arkansas, 72111 has higher property taxes. ZIP codes with similar effective rates include 72102 (0.41%) and 72530 (0.42%).

In Mount Vernon, property taxes represent approximately 1.4% of the median household income of $47,455, providing context for the relative tax burden on homeowners in this area.

Arkansas has no statewide assessment cap; the Faulkner County Assessor will reassess your home to market value upon purchase, establishing a new tax base. Homeowners 65+ and those with disabilities qualify for the Homestead Property Tax Relief exemption, which reduces assessed value — submit your application to the Faulkner County Assessor within 30 days of closing. Obtain a copy of the property's most recent assessment from the Faulkner County Assessor to project your post-purchase tax liability accurately.