72524 Property Tax Rate

Property owners in ZIP code 72524 (Cord, Arkansas) pay a median of $1,071/year in property taxes on homes valued at $314,300. This translates to an effective tax rate of 0.34%, which is 41% below the Arkansas state average of 0.58%.

The monthly property tax burden for a median-valued home in 72524 is approximately $89, which factors into escrow payments on mortgages. This ZIP code is located within Independence County. This is $336 more than the Arkansas average of $735/year.

Compared to similar ZIP codes in Arkansas, 72524 has higher property taxes. ZIP codes with similar effective rates include 72932 (0.33%) and 72856 (0.33%).

In Cord, property taxes represent approximately 6.8% of the median household income of $15,682, providing context for the relative tax burden on homeowners in this area.

Arkansas has no statewide property tax cap; Independence County assessments are based on market value and may increase each year as property values change. The Homestead Exemption exempts $4,500 of assessed value for primary residences — submit your application to the Independence County Assessor within 30 days of purchase. Contact the assessor's office to confirm your exemption status and review your Notice of Assessment for accuracy.