Property Taxes in Arkansas: Rates, Exemptions, and How They Work (2026)
TL;DR
Arkansas assesses property at 20% of market value. The average effective rate is about 0.57%. A homestead tax credit of up to $425 is available for all owner-occupied homes. Seniors 65+ and disabled homeowners can freeze their assessed value. Assessment increases are capped at 5% per year for homesteads (10% for non-homesteads) under Amendment 79. County assessors value property, with the state Assessment Coordination Division overseeing compliance. Appeal to the County Equalization Board.
Assessment
All property in Arkansas is assessed at 20% of market value. A $250,000 home has an assessed value of $50,000.
Amendment 79 Caps
- Homestead property: Assessed value cannot increase more than 5% per year (unless the property is sold)
- Non-homestead property: 10% annual cap
- No cap on decreases: If market value drops, the assessment can decrease without limit
Exemptions and Credits
| Program | Benefit | Who Qualifies |
|---|---|---|
| Homestead Tax Credit | Up to $425 off tax bill | All owner-occupied homes |
| Senior Freeze | Assessed value frozen | 65+ or disabled, any income |
| Disabled Veteran | Full exemption | 100% disabled veterans |
Appeal
- County Equalization Board: File during the open period (typically August)
- County Court: Appeal within 30 days
Check your Arkansas assessment with our free property tax analyzer.
Frequently Asked Questions
What should I know about property taxes in arkansas: rates, exemptions, and how they work (2026)?
Arkansas assesses property at 20% of market value. The average effective rate is about 0.57%. A homestead tax credit of up to $425 is available for all owner-occupied homes.
What should I know about assessment?
All property in Arkansas is assessed at 20% of market value. A $250,000 home has an assessed value of $50,000.
What should I know about appeal?
Check your Arkansas assessment with our free property tax analyzer.