Taxes In Arkansas Property taxes in Arkansas are classified as real or personal. Real property taxes are levied on real estate, such as land, homes, other buildings, and on additions to these properties. Personal property taxes are levied on automobiles, boats, trailers, farm equipment and livestock, etc. Personal property is assessed at the County Assessor's Office between January l and May 31 by the individual. Personal property may be assessed in person, by mail, telephone or online in some areas.
Real property is appraised and assessed by county assessors at market value.
Real and personal property taxes become payable the first business day in March the year after the assessment and are delinquent after October 10. Military personnel are exempt when they provide proof of non-residency. Arkansas has a state income tax with state income tax returns due annually on May 15.