72662 Property Tax Rate

Property owners in ZIP code 72662 (Omaha, Arkansas) pay a median of $1,208/year in property taxes on homes valued at $204,700. 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 72662 is approximately $101, which factors into escrow payments on mortgages. This ZIP code is located within Boone County. This is $473 more than the Arkansas average of $735/year.

Compared to similar ZIP codes in Arkansas, 72662 has lower property taxes. ZIP codes with similar effective rates include 72623 (0.59%) and 72944 (0.59%).

In Omaha, property taxes represent approximately 2.1% of the median household income of $57,115, providing context for the relative tax burden on homeowners in this area.

Arkansas has no statewide property tax cap; Boone County assessments reflect fair market value and are subject to annual adjustment by the county assessor. The Homestead Exemption provides a $4,500 reduction in assessed value for primary residences — file your exemption claim with the Boone County Assessor within 30 days of purchase. Request confirmation that your exemption is active and review your Notice of Assessment for the correct appraised value.