When do reappraisals occur?
Act 1185 of 1999 requires that all Arkansas counties must reappraise a minimum of 3 to 5 years based upon the amount of growth in market value within in that county. The purpose of Act 1185 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 in a similar fashion and on a related time schedule.
Washington County had previously been on a five-year cycle but will switch to a three-year cycle in accordance with State law. The previous reappraisal in Washington County was January 1, 2015. The most recent reappraisal in Washington County was effective as of January 1, 2020. Next reappraisal will be January 1, 2023.
Washington County had previously been on a five-year cycle but will switch to a three-year cycle in accordance with State law. The previous reappraisal in Washington County was January 1, 2015. The most recent reappraisal in Washington County was effective as of January 1, 2020. Next reappraisal will be January 1, 2023.
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.
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Valuing Washington County and You,
Assessor Russell Hill |
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