72364 Property Tax Rate

Property owners in ZIP code 72364 (Marion, Arkansas) pay a median of $1,548/year in property taxes on homes valued at $206,400. This translates to an effective tax rate of 0.75%, which is 30% above the Arkansas state average of 0.58%.

The monthly property tax burden for a median-valued home in 72364 is approximately $129, which factors into escrow payments on mortgages. This ZIP code is located within Crittenden County. This is $813 more than the Arkansas average of $735/year.

Compared to similar ZIP codes in Arkansas, 72364 has higher property taxes. ZIP codes with similar effective rates include 72713 (0.75%) and 72342 (0.74%).

In Marion, property taxes represent approximately 2.0% of the median household income of $76,118, 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.