72802 Property Tax Rate

Property owners in ZIP code 72802 (Russellville, Arkansas) pay a median of $1,173/year in property taxes on homes valued at $196,100. This translates to an effective tax rate of 0.60%, which is 4% above the Arkansas state average of 0.58%.

The monthly property tax burden for a median-valued home in 72802 is approximately $98, which factors into escrow payments on mortgages. This ZIP code is located within Pope County. This is $438 more than the Arkansas average of $735/year.

Compared to similar ZIP codes in Arkansas, 72802 has higher property taxes. ZIP codes with similar effective rates include 72761 (0.60%) and 72821 (0.60%).

In Russellville, property taxes represent approximately 1.9% of the median household income of $61,664, providing context for the relative tax burden on homeowners in this area.

Arkansas has no statewide property tax cap; Pope County assessments are set by the county assessor based on current market value and may adjust upward annually. The Homestead Exemption reduces assessed value by $4,500 for owner-occupied homes — submit your application to the Pope County Assessor immediately after closing. Request written confirmation of your exemption and check your Notice of Assessment to ensure the reduction is properly recorded.