When do reappraisals occur?
"Act 139 of 2023 requires that all Arkansas counties must reappraise every 4 years. The purpose of Act 139 was to avoid excessive increases in property taxes due to the long periods between reappraisal cycles and to ensure that all counties were reappraising properties on the same cycle.
The previous reappraisal in Washington County was January 1, 2020. The most recent reappraisal in Washington County was effective as of January 1, 2023. Next reappraisal will be January 1, 2027."
The previous reappraisal in Washington County was January 1, 2020. The most recent reappraisal in Washington County was effective as of January 1, 2023. Next reappraisal will be January 1, 2027."
Where does my property tax money go?
Property taxes are invested in your community. It funds your school, city and county government, roads, library and emergency services which has a major effect on your property’s value.
Reappraisals are important because they help ensure that all properties are valued and taxed equitably. The process also provides a basis for determining an owner’s share of services funded by property taxes. The amount of taxes you pay depends on both your property’s value and the tax rate set each year by school districts, elected county and city officials.
Reappraisals are important because they help ensure that all properties are valued and taxed equitably. The process also provides a basis for determining an owner’s share of services funded by property taxes. The amount of taxes you pay depends on both your property’s value and the tax rate set each year by school districts, elected county and city officials.