72374 Property Tax Rate

Property owners in ZIP code 72374 (Poplar Grove, Arkansas) pay a median of $604/year in property taxes on homes valued at $114,900. This translates to an effective tax rate of 0.53%, which is 9% below the Arkansas state average of 0.58%.

The monthly property tax burden for a median-valued home in 72374 is approximately $50, which factors into escrow payments on mortgages. This ZIP code is located within Phillips County.

Compared to similar ZIP codes in Arkansas, 72374 has higher property taxes. ZIP codes with similar effective rates include 72020 (0.53%) and 72347 (0.53%).

In Poplar Grove, property taxes represent approximately 1.1% of the median household income of $55,938, providing context for the relative tax burden on homeowners in this area.

Arkansas does not cap property tax assessments statewide; your home will be reassessed to market value by the Phillips County Assessor at purchase, establishing a new tax base. The Homestead Property Tax Relief exemption is available to seniors 65+ and disabled residents — file your application with the Phillips County Assessor within 30 days of closing to reduce your assessed value. Contact the Phillips County Assessor immediately to obtain the reassessment notice and confirm your objection deadline, which is typically 30 days from receipt.