Example of Pope County Property Tax Calculation
When calculating Pope County property tax, the value of the property is determined by the county assessor's office. The tax rate for the county is set by the county board of supervisors. To determine the property tax, the assessed value of the property is multiplied by the tax rate. For example, if the assessed value of a property is $100,000 and the tax rate is 1%, the property tax would be $1,000 per year. Property taxes are typically due twice a year, in April and October.
If you want appeal your property tax assessment - contact your local tax assessor.
Pope County Property Tax Rates
Here is a formatted table that lists the property tax rates in Pope County, expressed as the rate per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.95 |
| City | $0.98 |
| School District | $1.25 |
| Special Districts | $0.50 |
As a tax advisor, it is important to note that these rates may change from year to year, and that homeowners should always consult with their local tax assessor's office for the most up-to-date information on their property taxes.
Who sets property tax rates in Pope County ?
Who Sets Property Tax Rates in Pope County?
In Pope County, property tax rates are set by the local government officials. The Pope County Assessor's Office determines the value of the property and the Pope County Board of Supervisors sets the tax rate based on the assessed value.
The Board of Supervisors typically sets the tax rate during their annual budget-setting process, which occurs in the fall of each year. The tax rate is then applied to the assessed value of each property within the county to determine the property tax bill.
It's important to note that property tax rates can vary depending on the location of the property, the type of property, and other factors. Property owners in Pope County can contact the Assessor's Office or the Board of Supervisors for more information about their specific property tax rate.
When is Pope County Property Tax due ?
Pope County Property Tax is typically due on October 15th every year. The payment methods available to property owners include:
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By Mail: Property owners can mail in their payment to the Pope County Tax Collector's office. The address is:
Pope County Tax Collector P.O. Box 1977 Russellville, AR 72811
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In Person: Property owners can also pay their taxes in person at the Pope County Tax Collector's office located at 100 West Main, Suite 206, Russellville, AR 72801. The office is open Monday through Friday from 8:00 AM to 4:30 PM.
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Online: Property owners can pay their taxes online through the Pope County Tax Collector's website. The website accepts payments via credit card, debit card, or e-check.
It's important to note that if the deadline falls on a weekend or holiday, the due date will be extended to the next business day. Failure to pay property taxes on time can result in penalties and interest charges. Therefore, it's important for property owners to make payments on time to avoid any additional fees.
If you have more questions - contact your local tax collector.
How is Pope County Property Tax penalty calculated ?
Pope County Property Tax Penalty Calculation
If the property owner fails to pay their property taxes on time, the county will impose a penalty. The penalty is calculated as a percentage of the unpaid taxes and accrues daily until the taxes are paid in full. The penalty rate varies by state and county.
In Pope County, Arkansas, the penalty rate is 10% per annum. This means that if a property owner fails to pay their property taxes on time, they will be charged a penalty of 10% of the amount of unpaid taxes per year until the taxes are paid.
Example:
Let's say that John owns a property in Pope County, Arkansas, and his property taxes for the year amount to $2,000. John fails to pay his property taxes on time, and by the due date, he still owes $1,500 in taxes.
John will be charged a penalty of 10% per annum on the unpaid taxes of $1,500, which is $150. This penalty will accrue daily until John pays his taxes in full.
If John pays his taxes two months later, the total penalty he will have to pay will be:
$1,500 (unpaid taxes) x 10% (penalty rate) = $150 (total penalty)
$150 (total penalty) x 2/12 (2 months) = $25 (penalty for two months)
Therefore, John will have to pay a total penalty of $175 ($150 + $25) in addition to his unpaid taxes of $1,500.
In summary, Pope County imposes a penalty of 10% per annum on unpaid property taxes, and the penalty accrues daily until the taxes are paid in full. Property owners should make sure to pay their property taxes on time to avoid incurring penalties.
Homestead exemptions in Pope County ?
To help Pope County residents better understand their Homestead exemptions and deductions, the following table provides a breakdown of the various options available to them:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead | Available to all homeowners | Up to $6,000 off assessed value | Must apply by July 1st |
| Senior Homestead | Available to homeowners 65 and older or disabled | Up to $5,000 off assessed value | Must apply by July 1st |
| Disabled Persons | Available to homeowners with qualifying disabilities | Up to $2,000 off assessed value | Must apply by July 1st |
| Veterans | Available to veterans with an honorable discharge from service | $2,500 off assessed value | Must apply by July 1st |
| Returning Veterans | Available to veterans who have served since 9/11 | Up to $5,000 off assessed value | Must have served in a combat zone |
| Homestead Improvement | Available to homeowners who make qualifying improvements to their property | Up to $25,000 off assessed value | Must apply within 90 days of completion of improvements |
| Agricultural Land | Available to owners of agricultural land | Varies by acreage | Must meet certain criteria, such as actively farming the land |
| Conservation Land | Available to owners of land that is actively in conservation | Varies by acreage | Must meet certain criteria, such as actively maintaining the conservation status |
| Solar Energy Systems | Available to homeowners who install qualifying solar energy systems | Varies by size and value | Must be approved by the county and meet certain criteria |
| Wind Energy Systems | Available to homeowners who install qualifying wind energy systems | Varies by size and value | Must be approved by the county and meet certain criteria |
It is important to note that eligibility and amounts may vary depending on specific circumstances, so it is recommended that Pope County residents contact the county assessor's office for more information or to apply for these exemptions and deductions. By taking advantage of these benefits, homeowners can save money on their property taxes and improve their financial situation.
We recommend contacting the Pope County Tax Office or a local tax professional for the most up-to-date and accurate information.