72466 Property Tax Rate

Property owners in ZIP code 72466 (Smithville, Arkansas) pay a median of $656/year in property taxes on homes valued at $122,600. This translates to an effective tax rate of 0.54%, which is 7% below the Arkansas state average of 0.58%.

The monthly property tax burden for a median-valued home in 72466 is approximately $55, which factors into escrow payments on mortgages. This ZIP code is located within Lawrence County.

Compared to similar ZIP codes in Arkansas, 72466 has higher property taxes. ZIP codes with similar effective rates include 72544 (0.54%) and 71671 (0.53%).

In Smithville, property taxes represent approximately 0.8% of the median household income of $79,917, providing context for the relative tax burden on homeowners in this area.

Arkansas does not cap property tax assessments statewide; the Lawrence County Assessor will reassess your home to market value upon purchase, increasing your tax base. The Homestead Property Tax Relief program exempts seniors 65+ and disabled homeowners from a portion of assessed value — file your application with the Lawrence County Assessor within 30 days of closing to reduce your taxes. Request the reassessment notice from the Lawrence County Assessor and file any formal objections within 30 days to preserve your appeal rights.