72740 Property Tax Rate

Property owners in ZIP code 72740 (Huntsville, Arkansas) pay a median of $765/year in property taxes on homes valued at $165,600. This translates to an effective tax rate of 0.46%, which is 20% below the Arkansas state average of 0.58%.

The monthly property tax burden for a median-valued home in 72740 is approximately $64, which factors into escrow payments on mortgages. This ZIP code is located within Madison County.

Compared to similar ZIP codes in Arkansas, 72740 has higher property taxes. ZIP codes with similar effective rates include 71763 (0.46%) and 72047 (0.46%).

In Huntsville, property taxes represent approximately 1.4% of the median household income of $55,500, providing context for the relative tax burden on homeowners in this area.

Arkansas has no statewide property tax cap; Madison County assessments are set based on fair market value and can adjust each year according to county appraisals. The Homestead Exemption reduces assessed value by $4,500 for primary residences — submit your application to the Madison County Assessor within 30 days of purchase. File your exemption claim early and request confirmation that the reduction appears on your Notice of Assessment.