The Amendment 79 Homestead Credit was passed by majority vote of the people of Arkansas during the statewide General Election on November 7, 2000. The intention is to create property tax relief for homeowners in Arkansas.
The homestead credit:
Provides up to a $350 tax credit on property that is the owner’s primary place of residence.
Limits any increase in taxable value due to a reappraisal to 5% per year on the owner’s primary place of residence. Vacant and commercial property increases are limited to 10%.
Prevents the taxable value on an owner’s primary place of residence from ever increasing due to a reappraisal for homeowners who are 65 and older or who are disabled as defined by the Social Security Administration standards.
These provisions apply even if the property is titled in a revocable trust set up by the occupant or if the homeowner is staying in a nursing home.
To claim the credit, it is the homeowner's responsibility to notify the assessor in the county where his or her primary place of residence is located. Those who are 65 or older or disabled will need to provide a copy of their proof of age (driver's license or state ID) or their proof of disability to claim their special benefits.
My house was just finished. Do I need to assess it or anything?
Once the house is discovered, it will be assessed automatically. Appraisers canvass the entire county every five years for reappraisal. However, new construction is added every year. If it is reported by the property owner we will conduct a field inspection to collect appraisal data. In municipal jurisdictions we follow up building permits with field inspections. It is a good idea to check your real estate assessment every year.
My acreage is different than what is assessed, how can I correct this?
The best way to correct acreage is with a survey. Acreage corrections may require research.
I own two parcels of land. Is it possible to have my two parcels combined?
As a rule of thumb, the Assessor's Office does not merge properties, but you may request for parcels to be combined. Decisions are made on a case by case basis.
How do I assess a modular/mobile home?
Although there are often no deeds filed for modular or mobile homes (MH), they are assessed as real estate, making them eligible for the Homestead Credit.
I have an old vehicle that isn't driven or running, do I have to assess it?
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.
Do I assess old farm tractors and/or equipment?
Yes, all farm equipment is assessable even if you are not required to tag it; this includes 4-wheelers, old boats, homemade trailers, tractors, and tractor attachments.
May I add a vehicle over the phone?
Vehicles cannot be added by phone. In order to assess the vehicle we need a copy of the bill of sale or title with the description of the vehicle and VIN.
In my business I use my personal computer and desk. Do I have to assess them under my business name?