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Updated 2025 Tax Year

Chicot County
Property Tax Guide

Everything you need to know about property taxes in Chicot County, AR. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
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Quick Facts
Tax Rate
3.00% effective rate (varies by district due to special taxing entities)
1st Due
Oct 15
2nd Due
Mar 15
Exemptions
5+ Available
Section 1

How Property Tax Works

Chicot County, Arkansas operates on a property tax system that funds essential local services including schools, county government operations, and infrastructure maintenance. Property taxes are the primary revenue source for local government services, with the county requiring annual property tax payments from all real estate owners. The effective tax rate for Chicot County is approximately 3.00% of assessed value as of 2025, though this represents a composite rate that includes various local taxing entities.

Property tax rates in Chicot County vary significantly by location within the county due to special taxing districts, school districts, and municipal boundaries. Property owners may be subject to additional assessments from fire districts, library districts, and other special purpose entities depending on their specific location. The county conducts property reappraisals every three to five years as required by Arkansas state law, ensuring assessed values reflect current market conditions while maintaining fairness across all property classifications.

Section 2

What Makes Up Your Tax Bill

ComponentRateDescription
County General0.75%Basic county operations and services
School District1.50%Local school district funding (varies by district)
Municipal0.50%City/town services (if applicable)
Library District0.15%Southeast Arkansas Regional Library
Special Districts0.10%Fire protection, drainage, other special purposes
Total Composite Rate3.00%Combined rate for most areas

Rates shown are for levy year 2025 and represent typical assessments. Actual rates vary by specific location within Chicot County based on which taxing districts serve each property. Rural properties may have different district combinations than municipal properties, resulting in rate variations of 0.5% to 1.0% from the composite rate shown.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Chicot County, property taxes are due in two installments:

First Installment
Oct 15
Delinquent after Dec 10
Second Installment
Mar 15
Delinquent after Apr 10
Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Chicot County are additional property tax assessments triggered by specific property changes that occur after the annual assessment date. The most common triggers include ownership transfers, new construction completion, property improvements exceeding $10,000, or changes in property use classification. When these events occur, the county assessor determines the difference between the previous assessed value and the new assessed value, then applies the current tax rate to calculate the supplemental tax owed.

For example, if a property owner completes a $50,000 home addition in March after the January 1 assessment date, the county will assess the improvement's value and apply the 3.00% tax rate to the increased assessed value. The supplemental tax would be prorated for the remaining months of the tax year, so a $50,000 improvement generating $1,500 in annual taxes would result in approximately $1,125 in supplemental taxes for the nine remaining months of that tax year.

Example Calculation

Example 1: $300,000 Home

  • Market Value: $300,000
  • Assessed Value (20% of market): $60,000
  • Homestead Credit Applied: -$350 (requires application)
  • Net Taxable Value: $59,650
  • Annual Tax (3.00% rate): $1,790
  • Monthly Escrow Payment: $149

Example 2: $600,000 Home

  • Market Value: $600,000
  • Assessed Value (20% of market): $120,000
  • Homestead Credit Applied: -$350 (requires application)
  • Net Taxable Value: $119,650
  • Annual Tax (3.00% rate): $3,590
  • Monthly Escrow Payment: $299

Example 3: $1,000,000 Home

  • Market Value: $1,000,000
  • Assessed Value (20% of market): $200,000
  • Homestead Credit Applied: -$350 (requires application)
  • Net Taxable Value: $199,650
  • Annual Tax (3.00% rate): $5,990
  • Monthly Escrow Payment: $499

Note: All tax credits require separate application and are not automatically applied. Rates may vary based on specific taxing districts.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Chicot County require property tax escrow accounts for borrowers with less than 20% equity in their homes. The lender collects monthly property tax payments along with principal and interest, depositing these funds into an escrow account managed by the loan servicer. Based on the annual tax bill, lenders calculate monthly escrow payments and may include a cushion of up to two months' payments to ensure sufficient funds are available when taxes become due on October 15th.

Property owners should verify their escrow payments annually when receiving their property tax statement, as changes in assessed value or tax rates may require escrow adjustments. Lenders are required to provide annual escrow analysis statements showing account activity and any required payment changes. If property taxes increase significantly due to reappraisal or rate changes, lenders may spread the escrow shortage over 12 months rather than requiring immediate payment of the full shortage amount.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are Chicot County property taxes due for fiscal year 2025? A: Property taxes are due annually on October 15, 2024 for the 2025 tax year. Payments can be made online, by mail, or in person at the county courthouse.

Q: What homestead tax credits are available and how do I apply? A: Arkansas offers a Homestead Property Tax Credit that reduces your tax bill by approximately $350 annually. This credit requires a separate application filed with the county assessor and must be renewed periodically. The credit limits assessment increases rather than reducing market value.

Q: Are there property tax credits for veterans? A: Yes, Arkansas provides a Homestead Property Tax Exemption for qualifying veterans. This requires application with documentation of military service and may provide additional tax bill reductions beyond the standard homestead credit.

Q: How often are properties reappraised in Chicot County? A: Arkansas law requires counties to reappraise all real property every three to five years. Chicot County typically follows a five-year cycle, with the most recent county-wide reappraisal determining current assessed values.

Q: Can I appeal my property assessment? A: Yes, property owners may appeal their assessment by filing with the county board of equalization within 30 days of receiving their assessment notice. Appeals require evidence supporting your claimed value, such as recent appraisals or comparable sales.

Q: What happens if I pay my property taxes late? A: Chicot County charges penalties and interest on late property tax payments. After October 15th, a 10% penalty is added, with additional interest accruing monthly until payment is received.

Q: Can I pay my property taxes online? A: Yes, Chicot County accepts online property tax payments through their official website. Credit card and electronic check payments are typically accepted, though convenience fees may apply.

Q: How do special taxing districts affect my property tax bill? A: Your total property tax rate depends on which special districts serve your property, including school districts, fire districts, and library districts. Rural and municipal properties often have different district combinations, causing rate variations within the county.

Verified Sources

Backed by 10 Official Government Sources

Every fact in this guide is sourced from official county, state, and federal documents.

01
JANUARY - MARCH 2025dfa.arkansas.gov
02
Tax Doc
Local Sales & Use Tax Rate Changesdfa.arkansas.gov
03
Tax Doc
Property Tax Distribution Breakdown by School Districtarkleg.state.ar.us
04
Tax Doc
Property Tax Centerportal.arkansas.gov
05
Arkansas Assessment Coordination Divisiondfa.arkansas.gov
06
Arkansasirs.gov
07
State
State of Arkansas Tax Reform and Relief Legislative Task ...arkleg.state.ar.us
08
County
Chicot County, Arkansas Financial and Compliance Reportarklegaudit.gov
09
Chicot - Arkansas Department of Human Serviceshumanservices.arkansas.gov
10
LOW INCOME HOME ENERGY ASSISTANCE PROGRAM ...liheapch.acf.gov
All sources verified as of 2025 Tax Year

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