Personal Property and Business Personal Property

Arkansas law requires that all property owners assess their personal and commercial property between January 1st and May 31st each year. Statutes place the assessment level at 20 percent (20%) of current market value. For additional assessment information relevant to the state of Arkansas, visit the  Arkansas Assessment Coordination Division.

Assessing Personal Property

 
What to Assess:
 
              How to Assess:
  • Vehicles
  • Boats
  • Trailers
  • ATVs
  • RVs
  • Aircraft
  • Livestock
  • Motorcycles

If you need to add a new vehicle, etc. you must email, fax, or bring in the title and/or bill of sale. As residents buy, sell and trade vehicles and residents move into, out of, or within the county, they need to notify the Assessor’s Office of these changes as they occur.

Assessing Business Personal Property

 
What to Assess:
 
              How to Assess:
  • Vehicles
  • Furniture
  • Fixtures
  • Equipment
  • Inventories
  • Supplies
  • Livestock
  • Machinery
  • Farm equipment and machinery
  • *Exceptions- any leased property
  • Drop off in person at any of our locations
  • Email  bccomfiling@bentoncountyar.gov
  • To assess online click HERE
  • Fax 479-271-1074
  • Mail  Benton County Assessor’s Office                                                                             215 E Central Ave                                                                                                       Bentonville, AR 72712

Business assessment forms are sent by mail to known businesses within the county. If you are a new business or an existing business and have not received an assessment form by the end of January, please contact the business office at 479-271-1087.

New Business Information

If you have opened a new business in Benton County you can submit your information online by clicking HERE. We will set up your account and mail your business assessment forms each January.

Business Statutes:

Business Assessment Information and Statutes

Depreciation Schedule:

Business Personal Property Depreciation Schedule

Late Assessment Penalty Information:

All businesses and residents (exempt and non-exempt) are required to report their personal property assessment each year before May 31. After May 31, a 10% penalty will be applied to late assessments, regardless of exempt status. Penalty is based on 10% of the assessed value (on all assets not assessed). The purchase price (or state value, whichever is used) less depreciation, multiplied by 20% gives the value. That value multiplied by 10% gives you the penalty. EXAMPLE: Purchase price = $5,000 less depreciation (1,100 depends on asset) = $3900 x 20% (assessed value) = $780. $780 x 10% = $78 penalty. This is not dollars. It is 10% of the assessed value. To relay this into dollars take the $78 multiplied by the school district millage rate where the item is kept (example is .0527). $78 x .0527 = $4.11.

Questions regarding your tax bill?

The Assessor does not levy taxes. Instead, please check the:

 Collector’s Office

Frequently Asked Questions

Go to frequently asked questions:

 How Do I / FAQ

Questions regarding Personal Property?

Contact the Assessor’s Office:

 (479) 271-1033