Arkansas

Arkansas has an effective property tax rate of 0.57%, with a median annual property tax of $1,003. Properties are assessed at 20.0% of market value and reassessed every 3 years (by county, on rotating schedule). Payments are due annual.

Effective Rate

0.57%

Assessment Ratio

20.0%

Median Annual Tax

$1,003

Payment Frequency

Annual

Appeal Deadline

Within 30 days of notice to County Equalization Board; typically by third Monday in August

Due Dates

Due between March 1 and October 15; delinquent after October 15

Reassessment Cycle

Every 3 years (by county, on rotating schedule)

Homestead Exception

$350 tax credit on homestead; disabled veterans up to full exemption; over-65/disabled freezes assessed value

Key Notes

Assessment ratio is 20% of appraised market value. Amendment 79 freezes assessed value for homeowners 65+ or disabled. County-level millage rates apply.

Late Penalty

10% penalty after October 15 plus 10% annual interest on unpaid balance

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