Taxes & Insurance in Monticello
Monticello's tax picture runs genuinely favorable by national standards, while insurance costs follow Arkansas's own statewide tornado-exposure figures.
Exploring the idea of moving?
We can connect you with a local real estate professional who knows the area -- no pressure, just a starting point.
Learn moreA genuinely low property tax position
Monticello's own Ownwell-cited effective property tax rate ran approximately 0.79%, below the cited national median of 1.02% (base record).
Arkansas's real, current low income tax
Arkansas's top individual income tax rate ran a real, current 3.7% for 2026, alongside the real $600 Amendment 79 homestead credit and a full Social Security exemption for retirees (base record).
Insurance costs shaped by statewide risk
No Monticello-specific homeowners-insurance figure was found this pass; Arkansas's statewide average ran approximately $3,720-$4,955/year (base record).
Key takeaways
- Monticello's effective property tax rate (~0.79%) runs below the national median.
- Arkansas's 3.7% income tax and $600 Amendment 79 homestead credit apply statewide.
- Confirm current, address-specific insurance quotes directly.
Want to know what your budget actually buys here?
Tell us a bit about what you're looking for and we'll connect you with someone local who can walk you through real numbers.
Get local guidanceRead the full Monticello overview for the complete picture -- housing, taxes, climate, and who this place genuinely fits.
Planning a move?
Tell us what you're looking for and we'll connect you with a local expert who can help you make it happen.
Talk to a local expert