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What are property taxes like here?

Question & Answer about Little Rock, Arkansas Q & A's

Updated April 26, 2026

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Question:
What are property taxes like here?

Property taxes in Arkansas are generally lower than the national average, making the state relatively affordable for homeowners. The effective property tax rate in Arkansas typically hovers around 0.6% to 0.7%, which is below the U.S. average of about 1.1%. However, actual rates can vary depending on the county and local taxing authorities.

In Arkansas, property taxes are assessed at the county level and are based on the fair market value of the property. The state uses a classification system that assigns different assessment ratios depending on property type; for instance, residential properties are assessed at 20% of market value, while commercial properties may be assessed at 30%. Local governments then apply millage rates to the assessed value to determine the final tax bill. Some cities like Little Rock or Fayetteville may have slightly higher rates due to additional municipal taxes. Arkansas also offers some property tax relief programs for seniors, disabled individuals, and veterans, which can reduce the tax burden for eligible residents.

Key Points:
- Arkansas property tax rates are below the national average (around 0.6%-0.7%)
- Taxes are assessed at the county level using different assessment ratios by property type
- Local millage rates vary, influencing final tax

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