Find answers to common questions.
In Arkansas you must assess personal property between January 1st and May 31st each year to avoid a 10% penalty. Personal property includes all types of vehicles, boats, trailers, motorcycles, ATVs and livestock.
If you own a vehicle and it does not run, or you are not tagging it, it is still assessable. To remove it from your assessment, you must sell, give away, or salvage the vehicle.
No. You must assess your personal property in the county which you claim as your primary residence.
Any asset(s) that are owned by a business, such as vehicles, furniture, machinery and equipment.
Any business owner who operates a business and who holds personal property used in the course of operating said business.
Personal property consists of cars, trailers, motor homes, motorcycles, ATVs and livestock, etc. Real estate includes land, houses, modular/mobile homes and other fixed improvements to the land.
Unlike personal property, you do not have to assess your real property every year. Although, you do need to let our office know if you
have a new addition to your property or new outbuilding, etc.
Each parcel of real property is reviewed every 5 years due to a state mandated reappraisal.
There is a 5% cap on residential property and a 10% cap on commercial property unless it is newly discovered property.
