Tax on homes

In accordance with Amendment 79 of the Arkansas Constitution, homeowners in Arkansas may receive up to a $350 property tax credit on their homesteads. Eligibility for the credit is confined to a homeowner's principal place of residence.

Homeowners, 65 years of age or older or 100% disabled, may also qualify to freeze the assessed value of their principal home for property tax purposes. To freeze the assessed value of a home, an application must be returned to the County Assessor's office in the county in which the resident's principal residence is located.

To receive the freeze on the assessed value, a homeowner must complete the Homestead Credit Application and provide proof of age or disability. Once approved, the assessment on the property and associated land may not increase unless substantial improvements are made to the property or a millage increase is passed.