Q: When are property taxes due in Lafayette County?
A: Property taxes for FY 2025-2026 are due in two installments: first installment due September 1, 2025, and second installment due February 1, 2026.
Q: What tax credits are available and do I need to apply?
A: Arkansas offers a Homestead Property Tax Credit up to $500 annually for owner-occupied homes. This credit requires a separate application and is not automatically applied to your tax bill.
Q: How does the Homestead Credit work?
A: The Homestead Credit provides up to $500 reduction in your annual tax bill (not a reduction in assessed value). You must apply for this credit - it is not automatic and must be renewed periodically.
Q: Are there property tax benefits for veterans or seniors?
A: Arkansas provides various disability and veteran exemptions. Contact the Lafayette County Assessor's office for specific eligibility requirements and application procedures, as these require separate applications.
Q: When are properties reassessed?
A: Arkansas conducts property reappraisals on rotating cycles. Contact the Lafayette County Assessor for the current reappraisal schedule and your property's last assessment date.
Q: How do I appeal my property assessment?
A: Assessment appeals must be filed with the Lafayette County Board of Equalization within specific timeframes after receiving your assessment notice. Contact the Assessor's office for current deadlines and procedures.
Q: What are the penalties for late payment?
A: Late property tax payments incur penalties and interest charges. Contact the Lafayette County Collector's office for current penalty rates and payment options.
Q: Can I pay property taxes online?
A: Contact the Lafayette County Collector's office to inquire about online payment options and accepted payment methods for current tax bills.
Q: Why did my tax bill increase if my assessment stayed the same?
A: Tax bills can increase due to higher tax rates from the county, school districts, or special taxing districts, even when assessed values remain unchanged.
Q: How do special districts affect my tax rate?
A: Special districts (fire, library, improvement districts) add to your base county tax rate. Your total rate depends on which districts serve your specific property location within Lafayette County.
