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Updated 2025 Tax Year

Izard County
Property Tax Guide

Everything you need to know about property taxes in Izard 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
0.5% to 0.8% effective rate (varies by taxing districts within county)
Exemptions
4+ Available
Section 1

How Property Tax Works

Property taxes in Izard County, Arkansas fund essential local services including schools, roads, emergency services, and county operations. The county operates under Arkansas's property tax system where real estate is assessed at 20% of market value for residential properties. Property owners in Izard County benefit from Arkansas's relatively low property tax burden compared to many other states, with effective rates typically ranging from 0.5% to 0.8% of market value depending on your specific location within the county.

Your actual property tax rate varies significantly based on your property's location within Izard County due to overlapping special taxing districts. These districts may include school districts, fire protection districts, library districts, and municipal improvement districts, each with their own voter-approved tax levies. The county assessor determines your property's assessed value, while various taxing entities set the millage rates that determine your final tax bill.

Section 2

What Makes Up Your Tax Bill

ComponentRateDescription
County General5.0 millsBasic county operations and services
School DistrictVariesLocal school district operations (varies by district)
State RequiredVariesState-mandated assessments
Special DistrictsVariesFire, library, improvement districts as applicable
Total Effective Rate~5.0 mills (0.500%)Base rate for FY 2025

Note: The 0.500% rate shown represents the base county rate for levy year 2025. Your actual total rate will be higher when school district and special taxing district levies are included. Rates vary significantly by location within Izard County due to different combinations of special districts. Contact the Izard County Assessor for your specific total rate based on your property's location.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Izard 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 taxes in Izard County are additional property tax bills issued when there are mid-year changes to your property's assessed value. The most common triggers include new construction completion, property improvements, or ownership changes that result in a reassessment. When supplemental taxes are levied, they cover the period from when the change occurred through the end of the current tax year.

For example, if you complete a $50,000 home addition in June, the county assessor will issue a supplemental assessment for the increased value. The supplemental tax would be calculated on 20% of the $50,000 improvement ($10,000 assessed value) multiplied by your total tax rate, then prorated for the remaining months in the tax year. If your total rate is 0.8%, you would owe approximately $40 in supplemental taxes ($10,000 × 0.008 × 6/12 months).

Example Calculation

Example 1: $300,000 Home

  • Market Value: $300,000
  • Assessed Value (20%): $60,000
  • Less Homestead Credit: -$18,300 (requires application)
  • Net Taxable Value: $41,700
  • Annual Tax (0.8% total rate): $334
  • Monthly Escrow: $28

Example 2: $600,000 Home

  • Market Value: $600,000
  • Assessed Value (20%): $120,000
  • Less Homestead Credit: -$18,300 (requires application)
  • Net Taxable Value: $101,700
  • Annual Tax (0.8% total rate): $814
  • Monthly Escrow: $68

Example 3: $1,000,000 Home

  • Market Value: $1,000,000
  • Assessed Value (20%): $200,000
  • Less Homestead Credit: -$18,300 (requires application)
  • Net Taxable Value: $181,700
  • Annual Tax (0.8% total rate): $1,454
  • Monthly Escrow: $121

Note: These examples use an estimated total rate of 0.8% including all districts. The Homestead Tax Credit shown ($18,300 maximum) requires annual application and caps assessment increases. Actual rates and available credits vary by property location and eligibility.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Izard County require borrowers to maintain an escrow account for property taxes when the loan-to-value ratio exceeds 80%. Your lender collects monthly payments equal to your annual property tax bill divided by 12, plus a cushion typically equal to two months of payments as required by federal law. The servicer pays your property taxes directly to Izard County when they become due.

Each year, your lender will provide an escrow analysis statement showing the previous year's activity and any adjustments needed for the coming year. If property taxes increase due to reassessment or rate changes, your monthly escrow payment will adjust accordingly. You can verify that your lender paid your taxes correctly by checking with the Izard County Collector's office or viewing your account online. If you pay off your mortgage or your loan balance drops below 80% of home value, you may be eligible to cancel escrow and pay taxes directly.

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 property taxes due in Izard County? A: Property taxes are due by December 1st of each year for the current tax year. For example, 2025 property taxes are due by December 1, 2025.

Q: What tax credits are available and how do I apply? A: The primary credit available is the Homestead Tax Credit (up to $425 annually), which requires application with the county assessor. Veterans may qualify for additional credits based on disability rating. All credits require annual application and are not automatic.

Q: How does the Homestead Tax Credit work? A: The Homestead Credit doesn't reduce your home's market value - instead, it caps annual assessment increases and provides a credit against your tax bill. You must apply annually with the Izard County Assessor's office, and the property must be your primary residence.

Q: How often are properties reassessed in Izard County? A: Arkansas law requires counties to conduct reappraisals every three to five years. Izard County follows this schedule, with individual properties potentially reviewed annually if significant improvements are made.

Q: What if I disagree with my assessment? A: You can appeal your assessment to the Izard County Board of Equalization. Appeals must typically be filed by July 31st of the assessment year. Contact the county assessor's office for specific deadlines and procedures.

Q: What are the penalties for late payment? A: Late payments incur interest and penalty charges. After the December 1st deadline, unpaid taxes begin accruing interest at the rate set by state law, and properties may eventually face tax lien proceedings.

Q: Can I pay my property taxes online? A: Contact the Izard County Collector's office to inquire about online payment options, as availability varies by county. Many Arkansas counties now offer online payment systems.

Q: Why did my tax bill increase even though rates stayed the same? A: Tax bills can increase due to property improvements, market value increases during reassessment, expiration of special exemptions, or changes in special district boundaries that affect your total tax rate.

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
IZARD – Class 2artransparency.gov
04
Assessment coordination Division of Arkansas Department of ...dfa.arkansas.gov
05
Tax Doc
Sanders Signs an Executive Order to Extend the Tax Filing ...governor.arkansas.gov
06
Tax Doc
Property Tax Centerportal.arkansas.gov
07
State
State of Arkansas Tax Reform and Relief Legislative Task ...arkleg.state.ar.us
08
aacd-annual-report-2023.pdfdfa.arkansas.gov
09
Senator Paul Millerarkleg.state.ar.us
10
Izard - Arkansas Department of Human Serviceshumanservices.arkansas.gov
All sources verified as of 2025 Tax Year

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