Arkansas Property Tax Calculator 2026

The Arkansas property tax calculator is a free, browser-based tool that estimates your annual county property tax bill from your home's market value. Arkansas assesses property at 20% of market value and applies local millage; on average owner-occupiers pay 0.56% of their home's value a year, and the Census median bill is $1,040 on a median home of $188,000. Updated October 2026.

How Arkansas Property Tax Works

Property tax in Arkansas is an annual tax levied on real estate by local governments — primarily counties, municipalities, and school districts. The amount you owe is determined by your property's assessed value multiplied by the local mill rate. On average, Arkansas homeowners pay 0.56% of their home's value in property tax each year, 0.38 percentage points below the U.S. figure of 0.94%.

The effective rate combines all local levies: county tax, municipal tax, school district tax, and any special assessments. Because Arkansas has multiple taxing jurisdictions, your actual rate depends heavily on where in the state your property is located. The 0.56% figure is all real-estate tax paid on owner-occupied homes in Arkansas divided by their total value, as published in the Tax Foundation's Property Taxes by State and County, 2026 from Census Bureau American Community Survey data for 2020–2024. It is a statewide average — not a rate any single jurisdiction charges, and not your bill.

The Census Bureau puts the median owner-occupied home in Arkansas at $188,000 and the median real-estate tax bill at $1,040 a year — roughly $87 per month when paid through a mortgage escrow account (American Community Survey, 2020–2024).

Who Collects Property Tax in Arkansas — and How Rates Are Set

In Arkansas, property is valued and taxes are collected at the county level: a county assessor's office sets values and a treasurer or tax collector (titles vary) sends the bill. State law sets the framework; counties, municipalities, school districts and special districts each set their own levies within it.

Mill rates (expressed as dollars of tax per $1,000 of assessed value) are set annually based on local budget needs. Ten mills is 1% of assessed value, which equals 1% of market value only where homes are assessed at full market value. Arkansas assesses real property at 20% of its market value (Ark. Code Ann. 26-26-303), so 10 mills works out to 0.2% of market value, and Amendment 79 limits how fast the taxable value of a home can rise after a countywide reappraisal. If your home's market value rises faster than neighboring properties, your share of the tax burden can increase even if the mill rate stays the same.

To find your exact rate, contact your county assessor's office or check its official website. Your most recent property tax bill will also show the breakdown of all levies applied to your parcel.

Arkansas Property Tax Exemptions and Relief Programs

Arkansas gives every owner-occupied principal residence a homestead property tax credit that comes straight off the real-property tax bill: up to $600 on bills payable in 2026, which are for the 2025 assessment year, and up to $675 for assessment years from 2026, first payable in 2027 (Act 330 of 2025 and Act 174 of 2026). Under Amendment 79 the taxable assessed value of a homestead can rise by no more than 5% a year after a countywide reappraisal (10% for other real property), and homeowners who are 65 or older or disabled can have the taxable assessed value of their homestead frozen. Property owned by a qualified disabled veteran is exempt under Ark. Code Ann. 26-3-306. The credit and the freeze both have to be applied for at the county assessor's office. Source: Arkansas Assessment Coordination Division — Property Tax Relief.

Veterans may qualify for a partial or full exemption depending on disability rating and service history. Agricultural land often receives a preferential assessment based on use-value rather than market value. If you believe your assessment is incorrect, you have the right to appeal — in Arkansas the third Monday in August is the deadline to file an appeal with the county Board of Equalization (Arkansas Assessment Coordination Division).

To apply for any exemption, contact your county assessor. Most exemptions require an annual or one-time application and proof of eligibility (residency, age, disability documentation, etc.).

Arkansas Homestead Property Tax Credit: $600 on 2026 Bills, $675 From 2027

Arkansas gives every owner-occupied principal residence a flat homestead credit that is subtracted directly from the real-property tax bill — not from the assessed value — so it is worth the same to every qualifying homeowner, up to the amount of tax owed. The General Assembly raised it from $500 to $600 beginning with the 2026 tax bills (Act 330 of 2025), and then to $675 for assessment years beginning on or after 1 January 2026 (Act 174 of 2026). Because Arkansas taxes are paid the year after assessment, the $675 credit first shows up on bills payable in 2027. A flat dollar credit matters most on lower-value homes: on a $1,500 bill, $600 is a 40% cut.

The calculator above does not subtract the credit as a separate step. Its 0.56% rate is an average of the real-estate taxes owner-occupiers reported paying (Census Bureau, 2020–2024), so it already reflects bills that had a homestead credit applied; taking the credit off its result again would count it twice. To see the credit on your own bill, work it out the Arkansas way: market value × 20% × your total millage ÷ 1,000, minus the credit. For example, a $200,000 home is assessed at $40,000; at an example millage of 50 mills the tax is $2,000, and the $600 credit brings a 2026 bill to $1,400.

You must apply for the credit at your county assessor's office — the Assessment Coordination Division lists 15 October as the deadline for the homestead credit application — and you can claim only one homestead credit a year. Sources: Arkansas Assessment Coordination Division — Property Tax Relief; Arkansas Assessment Coordination Division — 2026 Annual Report. Updated October 2026.

Amendment 79 — the 5% Cap and the Age 65 or Disability Freeze

Amendment 79 also limits how fast your taxable assessed value can climb after a county-wide reappraisal:

• Homestead (owner-occupied) — taxable assessed value can rise at most 5% per year until it reaches full assessed value
• All other parcels (commercial, agricultural, vacant) — capped at 10% per year
• Age 65+ or disabled homeowners — the taxable assessed value of the homestead can be frozen; you have to apply for the freeze, and it does not pass to the next owner
• Caps do not apply to new construction, newly discovered property or substantial improvements (work that adds 25% or more to the value)

None of this freezes the bill itself: the Assessment Coordination Division notes that taxes on a homestead can still go up or down when local millage rates change. Source: Arkansas Assessment Coordination Division — Property Tax Relief. Updated October 2026.

Tips to Manage Your Arkansas Property Tax Bill

First, verify your assessment is accurate. Review your property record card at your county assessor's office and check for errors in square footage, bedroom/bathroom count, or lot size. Even small errors can inflate your assessed value and tax bill. If the assessment seems high, look up recent sale prices of comparable homes in your neighborhood and file an appeal if warranted.

Second, apply for every exemption you qualify for. In Arkansas that means the homestead credit, the age-65 or disability freeze and the disabled-veteran exemption described above. Third, if your mortgage servicer handles tax payments through escrow, review your escrow statement annually. Servicers sometimes over-estimate and hold excess funds — you may be entitled to a refund. Finally, Arkansas property taxes are billed the year after assessment and can be paid from the first business day in March through October 15; anything unpaid after October 15 is delinquent and a 10% penalty is added. Installments are allowed: a quarter by the third Monday in April, a quarter by the third Monday in July and the remaining half by October 15 (Arkansas Assessment Coordination Division).