Assessing Personal & Commercial Property
Personal property assessments may be done in person at any of our five offices, by phone 479-271-1033 as long as there are no changes and online as long as there are no changes.
Assessing Commercial Property: Commercial 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.
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.
By statute, a 10% penalty is to be applied to all property (personal and commercial) not assessed by May 31st. ACA 26-26-1406.
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.
Online Assessment, Forms, and Information
Businesses may submit completed assessment form and additional documentation by bringing it in person to any of our offices, by mail, fax, or email to:firstname.lastname@example.org
Arkansas Laws and Assessment Guidelines
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 Commissioner of State Lands and the Assessment Coordination Department.
Assessment Rolls and Tax Dollar Breakdown
Assessment rolls provide funding for the various taxing jurisdictions.In addition to the County, there are nine (9) school districts, twenty (20) cities and the Northwest Arkansas Community College.
Tax Dollar Breakdown
Click to see tax dollar breakdown.
Buying, Selling & Trading Information
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. Visit the Change Address page to utilize the online notification form.
Concerns About Tax Bill
If you have concerns or questions about regarding your current property assessment there is an Appeals Process where you can discuss your property assessment and appraisal with an appraiser.