This tool will help you estimate your annual property taxes based on the purchase price of your home. Be advised, your taxes might be slightly higher than the previous owner’s due to reassessment.

Arkansas Homestead Credit & Property Tax Estimator

Thinking about buying a home in Arkansas? It’s helpful to know how property taxes work and how they might change once you are a new homeowner. After a home is sold, the property is reassessed, which means your taxes could be higher than the previous owner’s. The good news is that Arkansas offers tax relief through Amendment 79 that can help reduce what you owe, if you qualify.

Homestead Credit & Value Freeze

• Save up to $600 a year – If the home is your primary residence, you can receive a property tax credit of up to $600 each year.
• Limits on assessment increases – Property taxes for your primary residence will only increase 5% per year (10% for other properties).
• Value freeze for seniors & disabled homeowners – If you’re 65 or older, or fully disabled, your home’s taxable value can be frozen. Be mindful, if a millage rate increase is passed or substantial improvements are added to the property, the tax amount can still increase.
• One credit per household – Each household can only claim one Homestead Credit.