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Real property

property tax

Property tax is a tax levied or assessed on the owner of property—often real property (real estate)—that is based on the property’s appraised value. Local governments often impose property taxes to finance their school districts, police departments, fire departments, and municipal projects such as construction and maintenance of streets and roads.

Most local government authorities (often counties) allow citizens to dispute or challenge the appraised value of their property through an administrative process initiated with the tax assessor or appraisal district.

In Arkansas, property tax is imposed on real estate owners by local governments, such as counties and municipalities. The tax is based on the appraised value of the property, which is determined by the county assessor's office. Revenue from property taxes is used to fund public services like schools, law enforcement, fire protection, and infrastructure projects. Property owners in Arkansas have the right to challenge the assessed value of their property if they believe it is incorrect. This is typically done by filing an appeal with the local county assessor or the Board of Equalization. The appeal process involves presenting evidence to support the claim that the property's assessed value is not reflective of its fair market value. If the appeal is successful, the property tax may be adjusted accordingly.

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Real property

property tax

Individual & Family Legal Plan

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Arkansas State Code

Real property

property tax

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