72564 Property Tax Rate

Property owners in ZIP code 72564 (Oil Trough, Arkansas) pay a median of $519/year in property taxes on homes valued at $99,800. This translates to an effective tax rate of 0.52%, which is 10% below the Arkansas state average of 0.58%.

The monthly property tax burden for a median-valued home in 72564 is approximately $43, which factors into escrow payments on mortgages. This ZIP code is located within Independence County. This is $216 less than the Arkansas average of $735/year.

Compared to similar ZIP codes in Arkansas, 72564 has higher property taxes. ZIP codes with similar effective rates include 72169 (0.52%) and 72179 (0.52%).

In Oil Trough, property taxes represent approximately 1.9% of the median household income of $27,089, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 72564, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Independence County's tax assessor directly.