72628 Property Tax Rate

Property owners in ZIP code 72628 (Deer, Arkansas) pay a median of $575/year in property taxes on homes valued at $154,900. This translates to an effective tax rate of 0.37%, which is 36% below the Arkansas state average of 0.58%.

The monthly property tax burden for a median-valued home in 72628 is approximately $48, which factors into escrow payments on mortgages. This ZIP code is located within Newton County.

Compared to similar ZIP codes in Arkansas, 72628 has lower property taxes. ZIP codes with similar effective rates include 72469 (0.37%) and 72576 (0.37%).

In Deer, property taxes represent approximately 1.2% of the median household income of $48,750, providing context for the relative tax burden on homeowners in this area.

Arkansas has no statewide property tax cap; Newton County assessments are based on fair market value and adjust annually according to the county assessor's appraisals. The Homestead Exemption provides a $4,500 exemption on assessed value for owner-occupied primary residences — file your claim with the Newton County Assessor as soon as you close. Request your Notice of Assessment to verify the exemption was applied and the county's appraised value is accurate.