72512 Property Tax Rate

Property owners in ZIP code 72512 (Horseshoe Bend, Arkansas) pay a median of $623/year in property taxes on homes valued at $117,500. This translates to an effective tax rate of 0.53%, which is 8% below the Arkansas state average of 0.58%.

The monthly property tax burden for a median-valued home in 72512 is approximately $52, which factors into escrow payments on mortgages. This ZIP code is located within Izard County.

Compared to similar ZIP codes in Arkansas, 72512 has higher property taxes. ZIP codes with similar effective rates include 71639 (0.53%) and 72335 (0.53%).

In Horseshoe Bend, property taxes represent approximately 1.5% of the median household income of $40,868, providing context for the relative tax burden on homeowners in this area.

Arkansas has no statewide property tax cap; Izard County assessments reflect fair market value and can rise annually based on county appraisals. The Homestead Exemption provides a $4,500 exemption on assessed value for owner-occupied homes — file your claim with the Izard County Assessor immediately after closing. Request written confirmation of your exemption and check your Notice of Assessment to verify the reduction took effect.