Arkansas (AR) property tax rate: 0.61% | Median home: $195,000 | Median annual tax: $1,190
Arkansas is one of the most affordable states in the nation. The average effective property tax rate in Arkansas is 0.61%, which is below the national average of 1.1%.
On the median Arkansas home valued at $195,000, annual property taxes come to approximately $1,190 or $99/month. This is a significant part of your total housing cost and should be factored into any home purchase budget.
Pro tip: Arkansas offers a homestead tax credit that reduces assessed value by up to $375.
Combined with Arkansas's state income tax rate of 4.4%, homeowners should consider the total tax picture. Property taxes in Arkansas are manageable and in line with regional averages.
See all Arkansas financial calculators:
Arkansas has an average effective property tax rate of 0.61%. On the median home value of $195,000, that equals approximately $1,190 per year or $99 per month.
Property taxes in Arkansas are calculated by multiplying your home assessed value by the local tax rate. The assessed value may differ from market value depending on your county assessment ratio. Exemptions like homestead exemptions can reduce your taxable value.
Arkansas offers a homestead tax credit that reduces assessed value by up to $375.
Arkansas property taxes are well below the national average of 1.1%. This is a genuine financial advantage for homeowners in Arkansas.
Property tax due dates vary by county in Arkansas. Most counties offer semi-annual payments. Check with your county tax assessor office for specific due dates. Late payments typically incur penalties of 1-2% per month.