72847 Property Tax Rate

Property owners in ZIP code 72847 (London, Arkansas) pay a median of $590/year in property taxes on homes valued at $128,800. 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 72847 is approximately $49, which factors into escrow payments on mortgages. This ZIP code is located within Pope County.

Compared to similar ZIP codes in Arkansas, 72847 has lower property taxes. ZIP codes with similar effective rates include 72021 (0.46%) and 71846 (0.46%).

In London, property taxes represent approximately 1.0% of the median household income of $58,363, 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.