72521 Property Tax Rate

Property owners in ZIP code 72521 (Cave City, Arkansas) pay a median of $503/year in property taxes on homes valued at $120,600. This translates to an effective tax rate of 0.42%, which is 28% below the Arkansas state average of 0.58%.

The monthly property tax burden for a median-valued home in 72521 is approximately $42, which factors into escrow payments on mortgages. This ZIP code is located within Sharp County. This is $232 less than the Arkansas average of $735/year.

Compared to similar ZIP codes in Arkansas, 72521 has higher property taxes. ZIP codes with similar effective rates include 72079 (0.42%) and 72401 (0.42%).

In Cave City, property taxes represent approximately 0.9% of the median household income of $54,130, providing context for the relative tax burden on homeowners in this area.

Arkansas has no statewide property tax cap; Sharp County assessments reflect current market value and can adjust annually at the assessor's discretion. The Homestead Exemption reduces assessed value by $4,500 for owner-occupied primary residences — apply directly to the Sharp County Assessor after closing. File your exemption claim promptly and request a copy of your Notice of Assessment to ensure the reduction is recorded.