Example of Sebastian County Property Tax Calculation
When calculating Sebastian County property taxes, the county tax assessor uses the assessed value of the property and the applicable tax rates to determine the tax amount owed. For example, if a property in Sebastian County has an assessed value of $100,000 and the tax rate is 1.5%, the property owner would owe $1,500 in property taxes for the year. This calculation is based on the value of the property as of January 1st of the current year, and the tax bill is typically due by October 15th. It's important to note that property tax rates can vary depending on the location and type of property, so it's always a good idea to consult with the county tax assessor's office for accurate information.
If you want appeal your property tax assessment - contact your local tax assessor.
Sebastian County Property Tax Rates
The table below displays the Property Tax rates in Sebastian County, Arkansas. The rates are expressed as the tax amount per $100 of assessed value.
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.67 |
| City of Fort Smith | $1.20 |
| City of Lavaca | $1.10 |
| City of Barling | $1.05 |
| City of Greenwood | $1.05 |
| City of Hackett | $1.10 |
| City of Huntington | $1.10 |
| City of Mansfield | $1.25 |
Note: The above rates are subject to change and do not include any special assessments or exemptions. It is recommended to consult with a tax professional for accurate and up-to-date information.
Who sets property tax rates in Sebastian County ?
In Sebastian County, property tax rates are set by the county government. The county government assesses the value of each property and then determines the appropriate tax rate based on that assessment. This typically occurs on an annual basis, and property owners are notified of any changes to their property tax rates. The rates are determined based on a variety of factors, including the size and location of the property, as well as the current market value of similar properties in the area. Property tax rates are an important source of revenue for the county government, and they help to fund essential services like schools, police and fire departments, and transportation infrastructure.
Homestead exemptions in Sebastian County ?
To help Sebastian County residents understand their Homestead exemptions and deductions, the following table lists the county specific information for Exemption, Eligibility, Amount, and Notes:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead exemption | Primary residence | Up to $35000 | Applies to all property taxes |
| Disabled veterans exemption | Disabled veteran | Up to $20000 | Applies to all property taxes |
| Senior citizens exemption | At least 60 years old | Up to $4000 | Income restrictions apply |
| Surviving spouse exemption | Surviving spouse of a service member or first responder killed in the line of duty | Full exemption | Applies to all property taxes |
| Personal property exemption | Personal property used for household purposes | Up to $3500 | Applies to personal property taxes |
It's important to note that eligibility requirements and amounts may vary based on individual circumstances. For more information, residents can contact the Sebastian County Assessor's office.
When is Sebastian County Property Tax due ?
Sebastian County Property Tax is typically due on October 15th each year.
There are several payment methods available to residents of Sebastian County:
| Payment Method | Details |
|---|---|
| In Person | Payments can be made in person at the Sebastian County Collector's Office located at 35 South 6th Street, Room 102, Fort Smith, AR 72901. The office is open Monday through Friday from 8:00 AM to 5:00 PM. |
| Payments can be mailed to the Sebastian County Collector's Office at P.O. Box 1358, Fort Smith, AR 72902. Payments must be postmarked by October 15th to avoid penalties. | |
| Online | Payments can be made online through the Sebastian County Collector's website at www.sebastiancollector-ar.com. A convenience fee will be charged for online payments. |
It is important to note that if property taxes are not paid by October 15th, a penalty will be assessed. Additionally, if taxes remain unpaid for an extended period of time, the property may be subject to foreclosure. Therefore, it is recommended that residents of Sebastian County make timely payments and utilize the payment method that works best for them.
If you have more questions - contact your local tax collector.
How is Sebastian County Property Tax penalty calculated ?
Sebastian County Property Tax Penalty Calculation
The penalty for late payment of property taxes in Sebastian County, Arkansas is calculated based on a percentage of the unpaid tax amount. The penalty is assessed on a monthly basis and starts accruing on the day after the payment deadline.
Here is an example to help illustrate the penalty calculation:
| Unpaid Tax Amount | Penalty Percentage | Penalty Amount (per month) |
|---|---|---|
| $1,000 | 10% | $100 |
If a property owner fails to pay their property tax bill of $1,000 by the payment deadline, they will be charged a penalty each month until the bill is paid in full. The penalty will be 10% of the unpaid tax amount, which is $100 in this case.
If the property owner pays the bill one month late, they will owe $1,100 ($1,000 + $100 penalty). If they pay two months late, they will owe $1,200 ($1,000 + $100 penalty for month one + $100 penalty for month two), and so on.
It is important for property owners to pay their property taxes on time to avoid accruing unnecessary penalties. If you have questions about your specific property tax situation in Sebastian County, Arkansas, it is recommended to contact the county tax collector's office for assistance.
We recommend contacting the Sebastian County Tax Office or a local tax professional for the most up-to-date and accurate information.