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Updated 2025 Tax Year

Faulkner County
Property Tax Guide

Everything you need to know about property taxes in Faulkner 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
0.500% base rate, varies by special taxing districts and school boundaries
Exemptions
4+ Available
Section 1

How Property Tax Works

Faulkner County, Arkansas operates under a property tax system that funds essential local services including public schools, county government operations, road maintenance, and emergency services. The county follows Arkansas state assessment guidelines, with property assessed at market value and tax rates applied to determine annual obligations. For the 2025 tax year, Faulkner County has established a base property tax rate of 0.500%, though your actual rate may vary significantly based on your location within the county.

Property tax rates in Faulkner County vary by special taxing districts, meaning homeowners in different areas pay different effective rates depending on their school district, municipal boundaries, and special assessment areas. These additional levies can include school bonds, library districts, fire protection districts, and municipal taxes that combine with the base county rate. Property owners should expect their total effective rate to range from approximately 0.8% to 1.2% of assessed value when all applicable district taxes are combined.

Section 2

What Makes Up Your Tax Bill

ComponentRateDescription
Base County Levy0.500%Core county services, effective April 1, 2025
School DistrictVariesDepends on specific school district boundaries
Municipal TaxesVariesCity taxes where applicable (Conway, etc.)
Fire ProtectionVariesRural fire district assessments
Library DistrictVariesPublic library funding districts
Special AssessmentsVariesRoad improvements, drainage, other projects

Levy Year: These rates apply to the 2025 tax year (FY 2025-2026). Your total effective rate depends on which special taxing districts serve your property address. Properties within city limits typically have higher combined rates due to municipal services, while rural properties may have fire district or other special assessments. Contact the Faulkner County Assessor at (501) 450-4921 for your specific district combination.

Section 3

When Are Property Taxes Due?

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

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 property taxes in Faulkner County are triggered by changes in property ownership, new construction, or significant improvements that occur after the annual assessment date. When you purchase a home, complete major renovations, or add structures like pools or additions, the county may issue a supplemental tax bill to account for the increased assessed value during the current tax year.

The supplemental tax is calculated by taking the difference between your old and new assessed values, multiplying by your applicable tax rate, and prorating for the remaining months in the tax year. For example, if you purchase a $400,000 home in July that was previously assessed at $300,000, you would owe supplemental taxes on the $100,000 increase for the remaining 9 months of the tax year. At a 1.0% combined rate, this would equal approximately $750 in supplemental taxes due in addition to the regular annual bill.

Example Calculation

Example 1: $300,000 Home

  • Assessed Value: $300,000
  • Homestead Credit Applied: -$25,000 (taxable assessment reduction)
  • Net Taxable Value: $275,000
  • Combined Tax Rate: 1.0%
  • Annual Property Tax: $2,750
  • Monthly (Escrow): $229

Example 2: $600,000 Home

  • Assessed Value: $600,000
  • Homestead Credit Applied: -$25,000
  • Net Taxable Value: $575,000
  • Combined Tax Rate: 1.0%
  • Annual Property Tax: $5,750
  • Monthly (Escrow): $479

Example 3: $1,000,000 Home

  • Assessed Value: $1,000,000
  • Homestead Credit Applied: -$25,000
  • Net Taxable Value: $975,000
  • Combined Tax Rate: 1.0%
  • Annual Property Tax: $9,750
  • Monthly (Escrow): $813

Note: Homestead and other tax credits require annual application and are not automatically applied. Actual rates vary by taxing district location.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Faulkner County require borrowers to maintain an escrow account for property tax payments, especially when the loan-to-value ratio exceeds 80%. Your lender collects monthly escrow payments as part of your mortgage payment, then pays your property taxes directly to the county when due on October 15th each year. Lenders typically collect 1/12th of your estimated annual tax bill each month, plus a cushion to account for potential increases.

The lender will provide an annual escrow analysis statement showing your account balance, payments made, and any adjustments needed for the coming year. If your property taxes increase due to reassessment or rate changes, your monthly escrow payment will be adjusted accordingly. You can verify that taxes were paid correctly by checking with the Faulkner County Collector's office or monitoring your account online. If you pay taxes directly without escrow, remember that payments are due between March 1st and October 15th annually.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
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  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are property taxes due in Faulkner County? A: Property taxes for FY 2025-2026 are due between March 1st and October 15th, 2025. The October 15th deadline is firm - payments received after this date incur penalties and interest.

Q: What tax credits are available and do I need to apply? A: Arkansas offers several tax credits including Homestead Credit (up to $375 annually), Disabled Veterans Credit, and Senior Citizens Credit. All credits require annual application - none are automatic. Contact the County Assessor at (501) 450-4921 for applications and deadlines.

Q: How does the Homestead Credit work? A: The Homestead Credit provides property tax relief for owner-occupied homes, but you must file an application to qualify. This credit caps annual assessment increases rather than reducing market value, and the application deadline is typically December 31st for the following tax year.

Q: When does the county reassess properties? A: Faulkner County follows a regular reassessment cycle as required by Arkansas law. Property values are reviewed periodically, and you'll receive notice of any assessment changes with information on the appeal process and deadlines.

Q: What are the penalties for late payment? A: Properties with taxes unpaid after October 15th are subject to penalties, interest charges, and potential tax lien placement. Interest accrues monthly on delinquent amounts.

Q: Can I pay property taxes online? A: Yes, Faulkner County offers online payment options through their official website. You can also pay in person at the Collector's office or by mail to 801 Locust Street, Conway, AR 72034.

Q: Why did my tax bill increase if my rate stayed the same? A: Tax bills can increase due to rising property values during reassessment, new special district assessments, voter-approved bond measures, or loss of previous tax credits that weren't renewed.

Q: How do special district taxes work? A: Your total tax rate includes levies from multiple entities: county, school district, municipality (if applicable), and special districts like fire protection or library districts. Each district sets its own rate based on local needs and voter approval.

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
County
Collector - Faulkner County GOVfaulknercountyar.gov
03
Notice of Electionvotefaulknerar.gov
04
County
Assessor - Faulkner County GOVfaulknercountyar.gov
05
Tax Doc
Property Tax Centerportal.arkansas.gov
06
Tax Doc
Homestead Exemption and Property Taxesnar.realtor
07
Homestead Exemption Information – Real Central Appraisal Districtrealcad.org
08
County
Homestead Exemption – Sumter County Board of Tax Assessorssumterassessors.com
09
County
Faulkner County, Arkansasarklegaudit.gov
10
County
Faulkner County - Artrans Mass Enthusiasmartransparency.gov
All sources verified as of 2025 Tax Year

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