72916 Property Tax Rate

Property owners in ZIP code 72916 (Fort Smith, Arkansas) pay a median of $1,821/year in property taxes on homes valued at $257,100. This translates to an effective tax rate of 0.71%, which is 23% above the Arkansas state average of 0.58%.

The monthly property tax burden for a median-valued home in 72916 is approximately $152, which factors into escrow payments on mortgages. This ZIP code is located within Sebastian County. This is $1,086 more than the Arkansas average of $735/year.

Compared to similar ZIP codes in Arkansas, 72916 has lower property taxes. ZIP codes with similar effective rates include 72086 (0.71%) and 72583 (0.71%).

In Fort Smith, property taxes represent approximately 2.1% of the median household income of $88,125, providing context for the relative tax burden on homeowners in this area.

Arkansas does not cap property tax assessments at purchase price — your home will be assessed annually at market value regardless of when you buy. Sebastian County Assessor's office administers the Homestead Exemption program, which exempts a portion of assessed value for primary residences; contact the assessor to file immediately after purchase. Verify your assessment notice within 30 days of receipt and file a formal appeal with the Sebastian County Assessor if the valuation exceeds comparable sales.