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Prairie County property tax

Published: 15.04.2023

Example of Prairie County Property Tax Calculation

Prairie County Property Tax is calculated based on the assessed value of the property owned by an individual. The local assessor's office determines the assessed value of the property, which is multiplied by the current tax rate to get the amount of tax owed.

For example, if a property in Prairie County is assessed at $100,000 and the current tax rate is 1%, the property owner will owe $1,000 in property taxes.

It's important to note that property tax rates can vary depending on the location and specific property. Property owners can check with their local assessor's office to find out the current tax rate for their area.

If you want appeal your property tax assessment - contact your local tax assessor.

Prairie County Property Tax Rates

Here is a formatted table of the Prairie County Property Tax rates, with the tax and corresponding rate per $100 of assessed value:

Tax Rate per $100 of Assessed Value
County Tax $1.25
School Tax $2.50
City Tax $0.75
Special District $1.00

These rates apply to all properties located within Prairie County. It's important to note that the assessed value of a property is determined by the county assessor, and may be different from the property's market value. Property owners should consult with a qualified tax professional to ensure they are paying the correct amount of property taxes.

Who sets property tax rates in Prairie County ?

  • Who sets property tax rates in Prairie County? The Prairie County Board of Supervisors is responsible for setting property tax rates in Prairie County.

  • When are property tax rates set in Prairie County? Property tax rates are typically set annually by the Prairie County Board of Supervisors during the budgeting process for the upcoming fiscal year.

It is important for property owners in Prairie County to stay informed about property tax rates and potential changes to these rates, as they can have a significant impact on their property tax bills. Seeking guidance from a qualified tax advisor can also be helpful in navigating the complexities of property taxes and ensuring compliance with relevant state and local laws.

Homestead exemptions in Prairie County ?

To assist residents of Prairie County, Arkansas, in understanding their Homestead exemptions and deductions, we have compiled a list of all the county-specific exemptions and deductions available. The following table outlines the exemptions, eligibility requirements, maximum amounts, and important notes to keep in mind.

Exemption Eligibility Amount Notes
Homestead Owner-occupiers who have owned the property on January 1st of the tax year are eligible for a $3500 exemption. Up to $3500 Applies to all counties in Arkansas, including Prairie County.
Senior Citizen Homeowners who are 65 or older and have an annual income below $31,800. Up to $3000 Only available to those who meet the qualifications.
Disabled Veteran Veterans who have a service-related disability rating of at least 10% Up to $10,000 Only available to those who meet the qualifications.
Blind Homeowners who are 100% blind. Up to $7500 Only available to those who meet the qualifications.

It’s important to note that eligibility for these exemptions and deductions may change from year to year. Prairie County homeowners should check with their local tax assessor’s office for the most up-to-date information.

Additionally, homeowners should keep in mind that some exemptions and deductions may not be combined, and the maximum amount of exemptions and deductions allowed may vary. Again, it is recommended that homeowners check with their local tax assessor’s office for the most accurate information.

Overall, the Homestead exemptions and deductions available in Prairie County, Arkansas, can provide significant financial relief to eligible homeowners. By staying informed and taking advantage of these programs, homeowners can reduce their property tax burden and keep more money in their pockets.

When is Prairie County Property Tax due ?

Prairie County Property Tax is typically due on October 15th of each year. There are several payment methods available to property owners in Prairie County, including:

Payment Method Details
In-Person Payment Property owners can pay their property taxes in-person at the Prairie County Treasurer's Office during business hours.
Mail-in Payment Property owners can also mail in their property tax payment to the Prairie County Treasurer's Office.
Online Payment For added convenience, Prairie County also offers online payment options for property tax payments.

It is important to note that late payments may result in penalties and interest fees, so property owners are encouraged to pay their property taxes in a timely manner. Additionally, property owners who are experiencing financial hardship may be eligible for payment plans or other assistance programs offered by Prairie County.

If you have more questions - contact your local tax collector.

How is Prairie County Property Tax penalty calculated ?

Prairie County Property Tax Penalty Calculation

When one fails to pay their property taxes, they may be subjected to a penalty. In Prairie County, Arkansas, the penalty for delinquent property taxes is calculated based on the following formula:

  • 10% penalty on the first $100 of taxes due
  • 5% penalty on any amount over $100

For example, if a property owner owes $2,000 in property taxes and fails to pay, the penalty would be calculated as follows:

  • 10% penalty on the first $100 = $10
  • 5% penalty on $1,900 ($2,000 minus $100) = $95

Thus, the total penalty would be $105.

It is important to note that if the taxes remain unpaid for an extended period, additional fees and interest may be added to the penalty. It is advisable for property owners to pay their taxes on time to avoid incurring additional charges.

We recommend contacting the Prairie County Tax Office or a local tax professional for the most up-to-date and accurate information.

Prairie County tax offices:

Author: Michael Davis
Bio: Michael is a civil servant based in the United States with a deep understanding of property tax. He uses his expertise to educate homeowners and investors on the intricacies of the property tax system through his blog. Michael believes in empowering his readers with knowledge to make informed decisions about their property taxes. When he's not working, Michael enjoys hiking and exploring the great outdoors.