72951 Property Tax Rate

Property owners in ZIP code 72951 (Ratcliff, Arkansas) pay a median of $397/year in property taxes on homes valued at $133,800. This translates to an effective tax rate of 0.30%, which is 48% below the Arkansas state average of 0.58%.

The monthly property tax burden for a median-valued home in 72951 is approximately $33, which factors into escrow payments on mortgages. This ZIP code is located within Logan County. This is $338 less than the Arkansas average of $735/year.

Compared to similar ZIP codes in Arkansas, 72951 has lower property taxes. ZIP codes with similar effective rates include 72959 (0.30%) and 72926 (0.30%).

In Ratcliff, property taxes represent approximately 1.0% of the median household income of $40,357, providing context for the relative tax burden on homeowners in this area.

Arkansas has no statewide property tax cap; Logan County assessments reflect market value and subject to annual changes as the county assessor conducts reappraisals. The Homestead Exemption provides a $4,500 exemption on assessed value for primary residences — file your claim with the Logan County Assessor within 30 days of purchase. Confirm your exemption status and request a copy of your Notice of Assessment to ensure accuracy.