72153 Property Tax Rate

Property owners in ZIP code 72153 (Shirley, Arkansas) pay a median of $616/year in property taxes on homes valued at $124,000. This translates to an effective tax rate of 0.50%, which is 14% below the Arkansas state average of 0.58%.

The monthly property tax burden for a median-valued home in 72153 is approximately $51, which factors into escrow payments on mortgages. This ZIP code is located within Van Buren County.

Compared to similar ZIP codes in Arkansas, 72153 has lower property taxes. ZIP codes with similar effective rates include 72940 (0.50%) and 72450 (0.50%).

In Shirley, property taxes represent approximately 1.2% of the median household income of $49,561, providing context for the relative tax burden on homeowners in this area.

Arkansas has no statewide cap on property tax assessment increases; your home will be reassessed at market value upon purchase, and the Van Buren County Assessor's office will establish a new tax base annually. Eligible homeowners 65+ or disabled can claim the Homestead Property Tax Relief program, which reduces assessed value — contact the Van Buren County Assessor immediately after closing to request an application and verify your filing deadline. File any assessment appeals with the Van Buren County Assessor within 30 days of receiving your notice of assessment.