72616 Property Tax Rate

Property owners in ZIP code 72616 (Berryville, Arkansas) pay a median of $973/year in property taxes on homes valued at $167,200. This translates to an effective tax rate of 0.58%, which is near the Arkansas state average of 0.58%.

The monthly property tax burden for a median-valued home in 72616 is approximately $81, which factors into escrow payments on mortgages. This ZIP code is located within Carroll County. This is $238 more than the Arkansas average of $735/year.

Compared to similar ZIP codes in Arkansas, 72616 has lower property taxes. ZIP codes with similar effective rates include 72479 (0.58%) and 72855 (0.58%).

In Berryville, property taxes represent approximately 2.0% of the median household income of $48,607, providing context for the relative tax burden on homeowners in this area.

Arkansas has no statewide property tax cap; Carroll County assessments are based on current market value and can increase annually based on the assessor's appraisal. The Homestead Exemption exempts $4,500 of assessed value for owner-occupied homes — apply to the Carroll County Assessor immediately after closing to ensure the exemption is recorded. File your claim early and request written proof that your exemption is in effect.