72301 Property Tax Rate

Property owners in ZIP code 72301 (West Memphis, Arkansas) pay a median of $696/year in property taxes on homes valued at $119,100. This translates to an effective tax rate of 0.58%, which is near the Arkansas state average of 0.58%.

The monthly property tax burden for a median-valued home in 72301 is approximately $58, which factors into escrow payments on mortgages. This ZIP code is located within Crittenden County.

Compared to similar ZIP codes in Arkansas, 72301 has lower property taxes. ZIP codes with similar effective rates include 72745 (0.58%) and 71861 (0.58%).

In West Memphis, property taxes represent approximately 1.7% of the median household income of $41,932, providing context for the relative tax burden on homeowners in this area.

Arkansas does not cap reassessments statewide; your home will be valued at market value by the Crittenden County Assessor upon purchase, establishing a new tax base. The Homestead Property Tax Relief program exempts seniors 65+ and disabled homeowners from a portion of assessed value — apply with the Crittenden County Assessor within 30 days of closing to reduce your tax burden. Obtain a certified copy of the reassessment from the Crittenden County Assessor and file any objections within 30 days of receipt.