72640 Property Tax Rate

Property owners in ZIP code 72640 (Hasty, Arkansas) pay a median of $362/year in property taxes on homes valued at $158,800. This translates to an effective tax rate of 0.23%, which is 60% below the Arkansas state average of 0.58%.

The monthly property tax burden for a median-valued home in 72640 is approximately $30, which factors into escrow payments on mortgages. This ZIP code is located within Newton County. This is $373 less than the Arkansas average of $735/year.

Compared to similar ZIP codes in Arkansas, 72640 has lower property taxes. ZIP codes with similar effective rates include 72666 (0.23%) and 72945 (0.23%).

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.