Arkansas variant. This is a Arkansas-specific version of the Property Tax Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Property Tax Calculator.
Arkansas's effective property tax rate of 0.61% means the owner of a median $200,000 home pays roughly $1,220 per year - a figure that varies widely by state.
How Arkansas property tax is calculated
Property tax = assessed value × local millage rate. The 0.61% effective rate shown here is the statewide average of tax paid relative to market value, which smooths over county-by-county differences.
On the $200,000 Arkansas median home, that works out to about $1,220/year or $102/month - often escrowed into your mortgage payment.
About taxes and housing in Arkansas
Arkansas has a graduated income tax that tops out at a modest rate, and the state has steadily reduced its top rate in recent years.
Arkansas has low property taxes and some of the most affordable home prices in the country.
Arkansas is home to major retail and food-processing companies, with agriculture and timber remaining important to its low-cost-of-living economy.
Worked example: tax on a $200,000 home
$200,000 × 0.61% = $1,220 per year. A $500,000 home in Arkansas would owe about $3,050 annually at the same effective rate.
Quick reference
- State income tax: Top rate 4.4% on income over $24,300
- State sales tax: 6.5% (plus 2.97% avg local)
- Median home value: $200,000
- Median household income: $56,335
- Effective property tax rate: 0.61%
- Avg auto insurance: $1,657/yr
Frequently Asked Questions
What is the property tax rate in Arkansas?
Arkansas's effective property tax rate averages 0.61% of market value per year.
How much property tax on a $200,000 home in Arkansas?
About $1,220 per year at the 0.61% effective rate.