72638 Property Tax Rate

Property owners in ZIP code 72638 (Green Forest, Arkansas) pay a median of $843/year in property taxes on homes valued at $159,400. This translates to an effective tax rate of 0.53%, which is 8% below the Arkansas state average of 0.58%.

The monthly property tax burden for a median-valued home in 72638 is approximately $70, which factors into escrow payments on mortgages. This ZIP code is located within Carroll County.

Compared to similar ZIP codes in Arkansas, 72638 has lower property taxes. ZIP codes with similar effective rates include 72011 (0.53%) and 72335 (0.53%).

In Green Forest, property taxes represent approximately 1.3% of the median household income of $65,921, 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.