Q: When are property taxes due in Benton County?
A: Property taxes are due October 15th annually. If this date falls on a weekend, the deadline extends to the following Monday. For 2024, taxes were due October 15th, and similar timing applies for future years.
Q: What homestead tax credit is available?
A: Benton County offers a homestead credit that reduces assessed value by $3,500 for primary residences. This credit requires a separate application and is not automatic. Applications must be filed with the county assessor's office.
Q: Are there other tax credits available?
A: Yes, Arkansas offers various tax credits including disabled veteran credits, senior citizen credits, and agricultural exemptions. Each requires a separate application with specific documentation and eligibility requirements.
Q: How does the homestead credit work?
A: The homestead credit provides a $3,500 reduction in assessed value for your primary residence and may include provisions that limit annual assessment increases. You must apply annually and the property must be your principal place of residence.
Q: When are properties reassessed?
A: Arkansas requires property reassessment every three to five years, though the county assessor may update values more frequently based on market conditions or property improvements.
Q: How do I appeal my property assessment?
A: Assessment appeals must be filed with the Benton County Board of Equalization within 30 days of receiving your assessment notice. Contact the county assessor's office for specific forms and deadlines.
Q: What are the penalties for late payment?
A: Late payments incur penalties and interest charges. Properties with delinquent taxes may eventually face tax lien sales, so timely payment is crucial.
Q: Can I pay property taxes online?
A: Yes, Benton County typically offers online payment options through their official website. Contact the county collector's office for current online payment methods and any associated convenience fees.
Q: Why do tax rates vary within Benton County?
A: Different areas are served by different combinations of school districts, fire districts, library districts, and municipal services, each with their own tax levies that combine to create your total rate.
Q: What triggers a supplemental tax bill?
A: Property sales, new construction, major renovations, or other changes that increase assessed value during the tax year typically trigger supplemental assessments for the remaining portion of the tax year.
