72745 Property Tax Rate

Property owners in ZIP code 72745 (Lowell, Arkansas) pay a median of $1,495/year in property taxes on homes valued at $255,700. This translates to an effective tax rate of 0.58%, which is near the Arkansas state average of 0.58%.

The monthly property tax burden for a median-valued home in 72745 is approximately $125, which factors into escrow payments on mortgages. This ZIP code is located within Benton County. This is $760 more than the Arkansas average of $735/year.

Compared to similar ZIP codes in Arkansas, 72745 has lower property taxes. ZIP codes with similar effective rates include 71861 (0.58%) and 72301 (0.58%).

In Lowell, property taxes represent approximately 1.7% of the median household income of $88,958, providing context for the relative tax burden on homeowners in this area.

Arkansas has no statewide property tax cap; Benton County assessments reflect market value and may increase annually based on the county assessor's determinations. The Homestead Exemption exempts $4,500 of assessed value for owner-occupied primary residences — apply to the Benton County Assessor right after closing to ensure the reduction is recorded. Request your Notice of Assessment and confirm the exemption was applied and the appraised value is accurate.