72554 Property Tax Rate

Property owners in ZIP code 72554 (Mammoth Spring, Arkansas) pay a median of $504/year in property taxes on homes valued at $125,900. This translates to an effective tax rate of 0.40%, which is 31% below the Arkansas state average of 0.58%.

The monthly property tax burden for a median-valued home in 72554 is approximately $42, which factors into escrow payments on mortgages. This ZIP code is located within Fulton County. This is $231 less than the Arkansas average of $735/year.

Compared to similar ZIP codes in Arkansas, 72554 has higher property taxes. ZIP codes with similar effective rates include 72823 (0.40%) and 72126 (0.40%).

In Mammoth Spring, property taxes represent approximately 0.9% of the median household income of $58,267, providing context for the relative tax burden on homeowners in this area.

Arkansas has no statewide property tax cap; Fulton County assessments are set based on market value and may increase annually as local property valuations change. The Homestead Exemption reduces assessed value by $4,500 for owner-occupied primary residences — submit your application to the Fulton County Assessor right after closing. Obtain a copy of your Notice of Assessment and confirm the exemption was applied before your first tax bill arrives.