Q: When are Fulton County property taxes due for 2024?
A: Property taxes for 2023 are due October 15, 2024. This deadline applies to the current tax year and may vary for future years.
Q: What homestead credit is available and how do I apply?
A: Arkansas offers a homestead tax credit of up to $500 per year for qualifying homeowners. This credit reduces your tax bill (not your assessed value) and requires annual application with the Fulton County Assessor's office. The credit is not automatic and must be filed each year.
Q: Are there other tax credits I should know about?
A: Additional credits may be available for seniors, disabled veterans, or other qualifying circumstances. All credits require separate applications and are not automatically applied. Contact the Fulton County Assessor's office for a complete list of available credits and application requirements.
Q: How does the homestead credit work exactly?
A: The homestead credit can limit annual assessment increases and provide direct tax bill reductions. In Arkansas, this credit helps cap how much your assessed value can increase year-over-year, protecting long-term homeowners from dramatic tax increases. You must file annually to maintain this protection.
Q: When are properties reassessed in Fulton County?
A: Arkansas requires property reassessment every three to five years, though the exact schedule varies by county. Contact the Fulton County Assessor's office for the current reassessment cycle and to understand how it affects your property.
Q: How do I appeal my property assessment?
A: Assessment appeals must be filed with the Fulton County Board of Equalization, typically within 30 days of receiving your assessment notice. You'll need evidence such as recent comparable sales, professional appraisals, or documentation of property condition issues.
Q: What are the penalties for late payment?
A: Late payments after October 15th typically incur penalty and interest charges. Contact the Fulton County Collector's office for specific penalty rates and payment options if you've missed the deadline.
Q: Can I pay my property taxes online?
A: Yes, Fulton County offers online payment options for property taxes. You can pay online, in person at the county courthouse, or by mail. Check the Fulton County Collector's website for current online payment systems and accepted payment methods.
Q: Why is my tax rate different from my neighbor's?
A: Tax rates vary within Fulton County based on special taxing districts such as school districts, fire districts, and municipal boundaries. Two properties just streets apart may have different total tax rates depending on which combination of local taxing authorities serve each area.
Q: What triggers a supplemental tax bill?
A: Supplemental taxes are issued when property changes occur mid-year, such as completing new construction, major renovations, or changes in property ownership that trigger reassessment. These are prorated based on when the change occurred during the tax year.
