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Updated 2025 Tax Year

Nevada County
Property Tax Guide

Everything you need to know about property taxes in Nevada 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
Approximately 2.000% effective rate for 2025, varies by special taxing districts
Exemptions
5+ Available
Section 1

How Property Tax Works

Nevada County, Arkansas operates under a property tax system that funds essential local services including schools, county operations, road maintenance, and emergency services. Property taxes in Nevada County are administered by the County Collector's Office under Danny Martin, and provide a significant portion of funding for local government operations and public education.

The effective property tax rate for Nevada County is approximately 2.000% for the 2025 tax year, though actual rates vary by location within the county due to special taxing districts such as school districts, fire districts, and municipal improvement districts. Property owners should verify their specific rate based on their exact location, as additional assessments may apply depending on the special districts serving their area. The Arkansas assessment system uses market value as the basis for taxation, with various tax credits available to qualifying property owners who submit proper applications.

Section 2

What Makes Up Your Tax Bill

ComponentRateDescription
County General~0.65%Basic county operations, roads, courthouse
School District~1.20%Local school district operations and debt service
Special Districts~0.15%Fire protection, library, drainage (varies by location)
Total Base Rate~2.00%County-wide average for FY 2025

Note: These rates apply to the 2025 levy year and represent county-wide averages. Actual rates vary significantly by location within Nevada County due to different combinations of school districts, fire districts, and other special taxing districts. Property owners should contact the Nevada County Collector's Office at (870) 887-3511 to determine their exact rate based on their property's location and applicable special districts.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Nevada 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 Nevada County are additional property tax bills issued when there are changes in property ownership, completion of new construction, or significant improvements that increase a property's assessed value during the tax year. These taxes cover the difference between what was originally assessed and what should have been assessed based on the property changes.

For example, if you complete a $50,000 home addition in March and the county assessor determines this increases your property's assessed value, you would receive a supplemental tax bill for the additional taxes owed from March through the end of the fiscal year. The supplemental amount would be calculated by applying Nevada County's tax rate (approximately 2.000%) to the increased assessed value, prorated for the remaining months of the tax year.

Example Calculation

$300,000 Property:

  • Assessed Value: $300,000
  • Homestead Tax Credit Applied: -$375 (if eligible and applied for)
  • Net Taxable Value: $300,000
  • Annual Tax (2.000%): $6,000
  • Less Credits: $6,000 - $375 = $5,625
  • Monthly Escrow: $469

$600,000 Property:

  • Assessed Value: $600,000
  • Homestead Tax Credit Applied: -$500 (maximum credit if eligible)
  • Net Taxable Value: $600,000
  • Annual Tax (2.000%): $12,000
  • Less Credits: $12,000 - $500 = $11,500
  • Monthly Escrow: $958

$1,000,000 Property:

  • Assessed Value: $1,000,000
  • Homestead Tax Credit Applied: -$500 (maximum credit if eligible)
  • Net Taxable Value: $1,000,000
  • Annual Tax (2.000%): $20,000
  • Less Credits: $20,000 - $500 = $19,500
  • Monthly Escrow: $1,625

Note: Homestead tax credits require annual application and are not automatically applied. Credits reduce your final tax bill, not the assessed value.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Nevada County require borrowers to maintain an escrow account for property tax payments. Lenders typically collect 1/12th of the estimated annual property tax bill with each monthly mortgage payment, then pay the taxes directly to Nevada County when they become due on October 15th each year.

Lenders must provide an annual escrow analysis showing the projected tax payments and any shortage or surplus in the account. Since Nevada County reassesses properties periodically and tax rates can change, your monthly escrow payment may be adjusted annually. Property owners should review their escrow statements carefully and verify that the correct amount is being collected based on their current tax bill and any applicable credits they've applied for.

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 Nevada County property taxes due? A: Property taxes for 2023 are due October 15th. This annual due date typically remains consistent each year.

Q: What tax credits are available and how do I apply? A: Arkansas homeowners may qualify for a homestead tax credit of up to $500 annually, but you must apply for this credit - it's not automatic. Beginning with 2026 tax bills, additional credits may be available as authorized by the general assembly. Contact the Nevada County Assessor's office for application forms and deadlines.

Q: How does the homestead credit work? A: The Arkansas homestead credit provides up to $500 reduction in your annual tax bill (not your assessed value). You must file an application to receive this credit, and it must typically be renewed periodically. This is a tax credit that directly reduces what you owe.

Q: How often are properties reassessed in Nevada County? A: Arkansas law requires periodic reassessment of all properties. Contact the Nevada County Assessor's office at (870) 887-3511 for current assessment schedules and appeal procedures if you disagree with your assessment.

Q: What are the penalties for late payment? A: Late payment penalties and interest charges apply to taxes not paid by the October 15th deadline. Contact the Nevada County Collector's Office for current penalty rates and payment options.

Q: Can I pay my property taxes online? A: Yes, Nevada County offers online payment options along with in-person payments at the courthouse and mail-in payments. Check the Nevada County Collector's website or call (870) 887-3511 for online payment portal access.

Q: Why is my tax rate different from my neighbor's? A: Tax rates vary within Nevada County based on the special taxing districts that serve your property, such as school districts, fire districts, and municipal improvement districts. Two properties in different parts of the county may have different combinations of these districts.

Q: How do I appeal my property assessment? A: Property owners who disagree with their assessment can file an appeal with the Nevada County Board of Equalization. There are specific deadlines for appeals, so contact the Assessor's office immediately if you believe your assessment is incorrect.

Verified Sources

Backed by 10 Official Government Sources

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

01
County
Nevada County Arkansasar.gov
02
JANUARY - MARCH 2025dfa.arkansas.gov
03
2025 Debt Mgmt Policy Finalclarkcountynv.gov
04
Tax Doc
Property Tax Centerportal.arkansas.gov
05
Arkansas Assessment Coordination Divisiondfa.arkansas.gov
06
County
Property Tax Bills | Nevada County, CAnevadacountyca.gov
07
survey_0nevadacountyca.gov
08
Tax Doc
Property Tax Relief – Arkansas Department of Finance and ...dfa.arkansas.gov
09
Homestead Exemptionsleg.colorado.gov
10
County
Nevada County, Arkansasarklegaudit.gov
All sources verified as of 2025 Tax Year

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