72142 Property Tax Rate

Property owners in ZIP code 72142 (Scott, Arkansas) pay a median of $840/year in property taxes on homes valued at $187,700. This translates to an effective tax rate of 0.45%, which is 22% below the Arkansas state average of 0.58%.

The monthly property tax burden for a median-valued home in 72142 is approximately $70, which factors into escrow payments on mortgages. This ZIP code is located within Lonoke County.

Compared to similar ZIP codes in Arkansas, 72142 has higher property taxes. ZIP codes with similar effective rates include 72958 (0.45%) and 71670 (0.45%).

In Scott, property taxes represent approximately 1.5% of the median household income of $56,957, 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. Lonoke County administers the Homestead Property Tax Credit for qualifying homeowners—verify your income eligibility with the Lonoke County Assessor and submit your claim. File your homestead exemption application with the Lonoke County Assessor within 30 days of closing to ensure timely relief.