Independence County, Arkansas Property Taxes
Census Bureau ACS property tax data for Arkansas. Population: 9,816.
The median annual property tax in Independence County is $657, which is 7% lower than the Arkansas state average and 66% below the national average. The effective tax rate is 0.55% on a median home value of $120,500. Property taxes represent 1.2% of the median household income in this county.
Median Annual Tax
$657
-7% vs State
-66% vs US
Median Home Value
$120,500
-9% vs State
-43% vs US
Effective Tax Rate
0.55%
+4% vs State
-42% vs US
With vs Without Mortgage
With Mortgage
$698
$58/mo
Without Mortgage
$614
$51/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $657 +6.8% | 0.55% |
| 2022 | $615 +3.5% | 0.55% |
| 2021 | $594 -5.6% | 0.59% |
| 2020 | $629 -1.6% | 0.64% |
| 2019 | $639 | 0.65% |
Tax Burden
Tax-to-Income Ratio
1.2%
of median household income
Median Income
$56,009
per year
Monthly Tax
$55
per month
Other Counties in Arkansas
Stone County
Tax: $528/yr Rate: 0.35%
Pope County
Tax: $918/yr Rate: 0.57%
Polk County
Tax: $541/yr Rate: 0.44%
Monroe County
Tax: $405/yr Rate: 0.49%
Nevada County
Tax: $462/yr Rate: 0.54%
Woodruff County
Tax: $558/yr Rate: 0.58%
Frequently Asked Questions
What is the average property tax in Independence County, Arkansas? ▼
The median annual property tax in Independence County is $657 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.55% on a median home value of $120,500.
How does Independence County property tax compare to the national average? ▼
Property taxes in Independence County are 66% below the national average of $1,923. The effective rate of 0.55% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Independence County? ▼
In Independence County, homeowners with a mortgage pay a median of $698 in annual property taxes, while homeowners without a mortgage pay $614. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Independence County? ▼
Property taxes in Independence County represent approximately 1.2% of the median household income of $56,009. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.