Q: When are property taxes due in Sharp County?
A: Property taxes are due October 15th each year for the current tax year. This deadline applies to taxes for the fiscal year ending on that date.
Q: What tax credits are available and how do I apply?
A: The primary tax credit available is the Homestead Tax Credit of up to $500 per year for qualifying homeowners. This credit requires a separate application to be filed with the county assessor's office and is not automatically applied. Beginning with 2026 tax bills, additional homestead credits may be available.
Q: How does the Homestead Tax Credit work?
A: The Homestead Tax Credit provides up to $500 in tax reduction annually and helps cap assessment increases on your primary residence. You must apply for this credit - it is not automatic. The credit limits how much your assessed value can increase year-over-year, providing property tax stability.
Q: How often are properties reassessed?
A: Arkansas conducts property reassessments on a regular cycle. Property owners can appeal their assessments if they believe the assessed value is incorrect. Contact the Sharp County Assessor's office for current assessment schedules and appeal procedures.
Q: What are the penalties for late payment?
A: Late payment penalties and interest charges apply to property taxes paid after the October 15th deadline. Contact the Sharp County Collector's office for specific penalty rates and payment options for delinquent taxes.
Q: Can I pay my property taxes online?
A: Yes, Sharp County offers online payment options for property taxes. You can also pay in person at the county courthouse or by mail. Check the Sharp County Collector's website for online payment portals and accepted payment methods.
Q: Why is my tax rate different from my neighbor's?
A: Tax rates vary throughout Sharp County based on which special taxing districts serve your property. Different school districts, fire districts, and municipal boundaries create different total tax rates even within the same county.
Q: How will the 2026 rate reduction affect my taxes?
A: Beginning January 1, 2026, Sharp County's base tax rate decreases from 1.75% to 1.25%. However, your total tax bill depends on all applicable taxing districts, and school district or special district rates may change independently of the county rate reduction.
