County-wide Reappraisal – Arkansas Code 26-26-1902 mandates that each county in the State of Arkansas shall be required to appraise all market value real estate normally assessed by the county assessor at its full and fair market value at a minimum of one (1) time every five (5) years.
Our last county-wide reappraisal occurred in 2016, and the next reappraisal is scheduled for 2021. In the next county-wide reappraisal every real estate parcel will be appraised as of January 1, 2021.
It’s important to remember that although every parcel will be reappraised, not all property values will automatically change. The appraised value is market derived and properties located in appreciating market areas and/or neighborhoods may go up in appraised value, while other properties may stay at the same appraised value and some may even decline in appraised value, depending on what the market data indicates for the specific neighborhood.
For more information about the reappraisal process, please contact the Benton County Assessor’s Office at 479-271-1037 and ask to speak with the appraisal department.
The Benton County Assessor’s Office is conducting an on-site reappraisal as mandated by Arkansas Code 26-26-1307. We will have appraisers visiting every real estate property in the County. They will identify themselves at the door and will also be checking outside measurements of the house and any other buildings on the property. We currently have Appraisers working in or around Bella Vista, Gravette, Hiwasse, and the northwest corner of the county.
The Benton County Assessor’s Office will have appraisers visiting properties that have new construction. We will be adding the new construction to the Assessments Rolls for 2021. We currently have Appraisers working in or around Bentonville, Cave Springs, Pea Ridge, and Rogers.
Business Personal Property
Deputy Assessors will be visiting businesses throughout Benton County. They will be in a county vehicle and will be wearing identification badges. They will be verifying data submitted in prior year assessments, discovering new and closed businesses, explaining the business personal property assessment process and requirements to new businesses, and taking photographs of the building.
The Assessor’s Office also wants to remind property owners that Amendment 79 provides a homestead tax credit and assessment caps for properties that are the primary residence of the owner. It is the responsibility of the homeowner to apply for the credit and cap, to update the application when you turn 65 or if you become disabled.