72753 Property Tax Rate

Property owners in ZIP code 72753 (Prairie Grove, Arkansas) pay a median of $1,255/year in property taxes on homes valued at $227,900. This translates to an effective tax rate of 0.55%, which is 4% below the Arkansas state average of 0.58%.

The monthly property tax burden for a median-valued home in 72753 is approximately $105, which factors into escrow payments on mortgages. This ZIP code is located within Washington County. This is $520 more than the Arkansas average of $735/year.

Compared to similar ZIP codes in Arkansas, 72753 has lower property taxes. ZIP codes with similar effective rates include 72937 (0.55%) and 71601 (0.55%).

In Prairie Grove, property taxes represent approximately 1.9% of the median household income of $64,701, providing context for the relative tax burden on homeowners in this area.

Arkansas has no statewide property tax cap; Washington County assessments are based on fair market value and subject to annual changes as the assessor reappraises properties. The Homestead Exemption provides a $4,500 reduction in assessed value for primary residences — file your claim with the Washington County Assessor within 30 days of purchase. Verify your exemption status and review your Notice of Assessment to confirm both the exemption and appraised value are correct.