Arkansas Mortgage Calculator
Calculate your monthly payment in Arkansas, with property tax included using the state's effective rate of 0.55%. See your full amortization schedule and analyze your loan structure.
Pick a state to use its property tax rate. With a keyboard, use the arrow keys and press Enter.
Estimated Monthly Payment
Estimates only. Does not include homeowners insurance, mortgage insurance (PMI), or HOA fees. Property tax uses the state's average effective rate and your actual bill may differ.
Yearly Amortization Schedule
| Year | Principal Paid | Interest Paid | Remaining Balance |
|---|---|---|---|
| 1 | $3,577 | $20,695 | $316,423 |
| 2 | $3,816 | $20,455 | $312,607 |
| 3 | $4,072 | $20,200 | $308,535 |
| 4 | $4,345 | $19,927 | $304,191 |
| 5 | $4,636 | $19,636 | $299,555 |
| 6 | $4,946 | $19,325 | $294,609 |
| 7 | $5,277 | $18,994 | $289,332 |
| 8 | $5,631 | $18,641 | $283,701 |
| 9 | $6,008 | $18,264 | $277,694 |
| 10 | $6,410 | $17,861 | $271,284 |
| 11 | $6,839 | $17,432 | $264,444 |
| 12 | $7,297 | $16,974 | $257,147 |
| 13 | $7,786 | $16,485 | $249,361 |
| 14 | $8,308 | $15,964 | $241,053 |
| 15 | $8,864 | $15,407 | $232,189 |
| 16 | $9,458 | $14,814 | $222,732 |
| 17 | $10,091 | $14,180 | $212,641 |
| 18 | $10,767 | $13,505 | $201,874 |
| 19 | $11,488 | $12,784 | $190,386 |
| 20 | $12,257 | $12,014 | $178,129 |
| 21 | $13,078 | $11,193 | $165,051 |
| 22 | $13,954 | $10,317 | $151,097 |
| 23 | $14,888 | $9,383 | $136,208 |
| 24 | $15,886 | $8,386 | $120,323 |
| 25 | $16,949 | $7,322 | $103,373 |
| 26 | $18,085 | $6,187 | $85,289 |
| 27 | $19,296 | $4,976 | $65,993 |
| 28 | $20,588 | $3,683 | $45,405 |
| 29 | $21,967 | $2,305 | $23,438 |
| 30 | $23,438 | $833 | $0 |
Property tax in Arkansas: the numbers
Arkansas has one of the lowest effective property tax rates in the country. At 0.55%, it is 40% below the 0.92% national average, and it shares 38th place with Louisiana when the 50 states are ranked from highest rate to lowest.
A median-valued home in Arkansas is worth $188,000 and carries a median property tax of $1,040 per year, or roughly $87 per month. By median home value the state ranks 48th out of 50 (1 = highest), and by median annual property tax it ranks 48th.
| Effective property tax rate | 0.55% |
|---|---|
| Median home value | $188,000 |
| Median annual property tax | $1,040 |
| Rank by rate (1 = highest of 50) | 38 (tied with Louisiana) |
| Difference vs 0.92% national average | 0.37 points below (40% below) |
What this means for your monthly payment
Two worked examples for Arkansas, using the figures above:
Example 1: the median home
$1,040 per year ÷ 12 = about $87 per month in property tax (median home value: $188,000).
Example 2: a $300,000 home
$300,000 × 0.55% ÷ 12 = about $138 per month, or $1,650 per year.
At the 0.92% national average rate, a $300,000 home would have about $2,760 in property tax per year. In Arkansas it is about $1,650, which is $1,110 less per year (about $92 less per month).
Compare with similar states
States ranked just above and just below Arkansas by effective property tax rate (1 = highest). States with the same rate are ordered by median annual tax.
Ranked just above (higher rate)
- California — 0.70% (rank 34)
- New Mexico — 0.70% (rank 34)
- North Carolina — 0.66% (rank 36)
- Wyoming — 0.57% (rank 37)
- Louisiana — 0.55% (rank 38)
Ranked just below (lower rate)
- West Virginia — 0.53% (rank 40)
- Utah — 0.52% (rank 41)
- Delaware — 0.50% (rank 42)
- Tennessee — 0.50% (rank 42)
- Idaho — 0.49% (rank 44)
Arkansas property tax FAQ
What is the property tax rate in Arkansas?
The effective property tax rate in Arkansas is 0.55%. That is 40% below the 0.92% national average, and the state shares 38th place with Louisiana when the 50 states are ranked from highest rate to lowest.
How much is property tax on a $300,000 home in Arkansas?
At Arkansas's effective rate of 0.55%, property tax on a $300,000 home works out to about $1,650 per year, or about $138 per month. At the 0.92% national average, the same home would be about $2,760 per year, so Arkansas is about $1,110 less per year.
How much is property tax on the median home in Arkansas?
The median home value in Arkansas is $188,000, and the median annual property tax is $1,040, which is about $87 per month.
Does the property tax rate vary inside Arkansas?
Yes. Property taxes are set locally, so actual bills depend on your county, city, and exemptions. The 0.55% figure is a state-level estimate based on medians, not a rate that applies to every home.
Figures are estimates based on Census data and are not tax or financial advice. Actual bills depend on your local rates, assessed value and exemptions.
Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates, as compiled by PropertyShark and PropertyTaxByState.