Monticello, AR — income, home value, property tax, and sales tax.
In ZIP code 71677, near Monticello, households earn a median of $43,333, while per-capita income sits at $27,394. The county-level effective property tax rate is 0.47%, so a home's assessed value largely determines the annual bill — a $150,000 house would generate roughly $705 in yearly taxes at that rate. Because earnings here trail many parts of the country, even that percentage can absorb a noticeable share of a household's income. Sales taxes add another consideration: the combined rate of 8.75% raises the cost of everyday purchases, trimming what's left after housing costs are covered.
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