72150 Property Tax Rate

Property owners in ZIP code 72150 (Sheridan, Arkansas) pay a median of $846/year in property taxes on homes valued at $176,900. This translates to an effective tax rate of 0.48%, which is 17% below the Arkansas state average of 0.58%.

The monthly property tax burden for a median-valued home in 72150 is approximately $71, which factors into escrow payments on mortgages. This ZIP code is located within Grant County.

Compared to similar ZIP codes in Arkansas, 72150 has higher property taxes. ZIP codes with similar effective rates include 72658 (0.48%) and 71701 (0.48%).

In Sheridan, property taxes represent approximately 1.1% of the median household income of $75,342, providing context for the relative tax burden on homeowners in this area.

Arkansas does not cap property assessments statewide; your home will be reassessed to market value upon purchase, and the Grant County Assessor will establish your new tax base. The Homestead Property Tax Relief exemption is available to seniors 65+ and disabled homeowners — submit your application to the Grant County Assessor within 30 days of closing to reduce your assessed value. Contact the Grant County Assessor immediately after purchase to obtain the property's reassessment notice and file any objections within the 30-day deadline.