Property Tax Rates & Rules
Arkansas has an average effective property tax rate of 0.62%, making it a mid-range property tax state. On a median-valued home of $185,000, the typical annual property tax bill is $1,147. Homeowners may qualify for a homestead exemption, which can reduce the taxable value of a primary residence. Homestead Tax Credit of up to $425 against real estate taxes for primary residence. Senior citizens may qualify for additional exemptions or tax relief programs. If you believe your property is over-assessed, you have the right to appeal.
Assessment Method
Assessed value is 20% of the market value; taxes based on millage rates.
Homestead Exemption Details
Homestead Tax Credit of up to $425 against real estate taxes for primary residence.
Senior Exemption Details
Assessed value freeze for 65+; assessment remains constant unless major improvements.
How to Appeal Your Assessment
Appeal to County Equalization Board by third Monday in August.
What is the property tax rate in Arkansas?
Arkansas has an average effective property tax rate of 0.62%. On a home valued at $185,000, the typical annual property tax bill is approximately $1,147. Rates vary by county — Pulaski has the highest rates while Hot Spring has the lowest.
Does Arkansas have a homestead exemption?
Yes. Arkansas offers a homestead exemption for primary residences. Homestead Tax Credit of up to $425 against real estate taxes for primary residence.
How is property assessed in Arkansas?
Arkansas assesses property at 20%. Assessed value is 20% of the market value; taxes based on millage rates. The assessed value is then multiplied by the local mill rate to determine your property tax bill.
How do I appeal my property tax assessment in Arkansas?
Appeal to County Equalization Board by third Monday in August.
Are there senior property tax exemptions in Arkansas?
Yes. Arkansas offers property tax relief for senior citizens. Assessed value freeze for 65+; assessment remains constant unless major improvements.
When are property taxes due in Arkansas?
Arkansas property taxes are paid on a Due March 1; delinquent after October 15.. Contact your county tax collector for exact due dates and payment options for your area.
How does Arkansas property tax compare to neighboring states?
Arkansas's average effective rate of 0.62% is close to the national average of approximately 1.1%. Use the comparison table above to see how neighboring states compare.
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Official Source
Arkansas Tax Authority
Last verified: 2026-03-31 · Always confirm current rates before making real estate decisions.