72949 Property Tax Rate

Property owners in ZIP code 72949 (Ozark, Arkansas) pay a median of $725/year in property taxes on homes valued at $119,300. This translates to an effective tax rate of 0.61%, which is 5% above the Arkansas state average of 0.58%.

The monthly property tax burden for a median-valued home in 72949 is approximately $60, which factors into escrow payments on mortgages. This ZIP code is located within Franklin County.

Compared to similar ZIP codes in Arkansas, 72949 has lower property taxes. ZIP codes with similar effective rates include 71638 (0.61%) and 71660 (0.61%).

In Ozark, property taxes represent approximately 1.3% of the median household income of $53,867, providing context for the relative tax burden on homeowners in this area.

Arkansas has no statewide property tax cap; Franklin County assessments reflect current market value and may increase annually as the county assessor reappraises property. The Homestead Exemption provides a $4,500 reduction in assessed value for owner-occupied homes — apply to the Franklin County Assessor immediately after closing. Contact the assessor to confirm your exemption is active and request a copy of your Notice of Assessment to verify accuracy.