72623 Property Tax Rate

Property owners in ZIP code 72623 (Clarkridge, Arkansas) pay a median of $970/year in property taxes on homes valued at $165,000. This translates to an effective tax rate of 0.59%, which is near the Arkansas state average of 0.58%.

The monthly property tax burden for a median-valued home in 72623 is approximately $81, which factors into escrow payments on mortgages. This ZIP code is located within Baxter County. This is $235 more than the Arkansas average of $735/year.

Compared to similar ZIP codes in Arkansas, 72623 has higher property taxes. ZIP codes with similar effective rates include 72703 (0.59%) and 72024 (0.59%).

In Clarkridge, property taxes represent approximately 1.4% of the median household income of $69,265, providing context for the relative tax burden on homeowners in this area.

Arkansas has no statewide property tax cap; Baxter County assessments are determined by the county assessor and adjust to current market value each year. The Homestead Exemption exempts $4,500 from assessed value for primary residences — apply to the Baxter County Assessor's office within 30 days of purchase. Request your Notice of Assessment to confirm the exemption is reflected and verify the county's appraised value.