Banks, AR — income, home value, property tax, and sales tax.
ZIP code 71651, centered on Banks, ranks among the more affluent areas in its region, with a median household income of $133,393 and per-capita income of $52,554. That earning power pairs with a county-level effective property tax rate of 0.57%, so owners here keep a larger share of what their homes are worth than many Arkansas taxpayers do. The combined sales tax rate of 8.50% applies to purchases made locally, adding a steady cost on everyday spending. Households in this ZIP generally have the income to absorb that without strain, though the sales tax still touches daily budgets.