Example of Yell County Property Tax Calculation
In Yell County, property taxes are calculated based on the assessed value of the property. Let's say a property is assessed at $100,000. The Yell County property tax rate is currently 0.0065 (or 0.65%). To calculate the property tax, simply multiply the assessed value by the tax rate:
$100,000 x 0.0065 = $650
So, the property tax for this $100,000 property in Yell County would be $650. It's important to note that property tax rates and assessed values can vary from year to year, so this calculation is only an example based on current rates.
If you want appeal your property tax assessment - contact your local tax assessor.
Yell County Property Tax Rates
The following table lists the Yell County Property Tax rates in US dollars per 100 dollars of assessed value.
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County General | 3.00 |
| County Road | 0.50 |
| Solid Waste | 1.00 |
| Library | 0.50 |
| School District | 34.50 |
It is important to note that these rates may vary from year to year and property to property. It is recommended to consult with a tax professional to ensure accurate and up-to-date information.
Who sets property tax rates in Yell County ?
Who sets property tax rates in Yell County?
The Yell County Quorum Court is responsible for setting property tax rates in Yell County, Arkansas.
When are property tax rates set in Yell County?
Property tax rates in Yell County are typically set annually during the budgeting process, which takes place in the fall. The Quorum Court reviews the county's financial needs and decides on the appropriate tax rates for the upcoming year.
| Who sets property tax rates? | When are property tax rates set? |
|---|---|
| Yell County Quorum Court | Annually during the fall budgeting process |
It is important to note that property tax rates can also be affected by state legislation and any changes in county-wide assessments of property values.
Homestead exemptions in Yell County ?
In Yell County, Arkansas, there are several county-specific Homestead exemptions and deductions available to eligible residents. To help you navigate these options, we've listed each exemption and deduction along with their eligibility requirements, exemption amounts, and notes.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | Must own and occupy the home as the primary residence | $350 | N/A |
| Senior Citizen Homestead Exemption | Must be 65 years or older and own and occupy the home as the primary residence | $1000 | N/A |
| Disabled Veteran Homestead Exemption | Must be a veteran with a 100% service-connected disability and own and occupy the home as the primary residence | $25,000 | Maximum exemption amount |
| Personal Property Tax Exemption | Home must be owned and occupied as the primary residence | Varies based on personal property value | Applies to personal property taxes only |
It's important to note that these exemptions and deductions are subject to change and may have additional requirements or restrictions. It's recommended to consult with a tax professional or the Yell County Assessor's office for more information and to ensure you're taking advantage of all available options.
When is Yell County Property Tax due ?
Yell County Property Tax Due Date and Payment Methods
Yell County Property Tax is typically due on October 15th of every fiscal year. The fiscal year runs from January 1st through December 31st. If the 15th falls on a weekend or holiday, the next business day is considered the due date.
Payment methods for Yell County Property Tax include:
- By mail: Mail a check or money order to the Yell County Collector’s Office. Make the payment payable to the Yell County Collector and include the parcel number on the memo line.
- In-person: Visit the Yell County Collector’s Office during business hours and pay by cash, check, or credit/debit card. Additional fees may apply for credit/debit card payments.
- Online: Pay online through the Yell County website. This option accepts credit/debit card payments and electronic checks. Additional fees may apply for online payments.
It’s important to note that failure to pay property taxes on time can result in penalties and interest charges. For more information about Yell County Property Tax, contact the Yell County Collector’s Office.
If you have more questions - contact your local tax collector.
How is Yell County Property Tax penalty calculated ?
Yell County Property Tax Penalty Calculation
When someone owns property in Yell County, Arkansas, they are responsible for paying property taxes on that property. If property taxes are not paid on time, penalties will be added to the amount owed. The penalty calculation for Yell County Property Tax is as follows:
- January 1st - Property Taxes become due
- October 15th - Last day to pay property taxes without penalty
- October 16th - A penalty of 10% of the total tax owed is added to the bill
- November 16th - An additional penalty of 5% of the total tax owed is added to the bill
Example: If John owns a property in Yell County and the total tax owed is $1,000. If he pays the property tax on or before October 15th, he pays the full $1,000. However, if he pays after October 15th, he will be subject to a 10% penalty, which is $100. If he still hasn't paid by November 16th, an additional 5% penalty, which is $50, will be added to his total tax owed. Therefore, if John pays his tax on November 16th or later, he will owe $1,150 ($1,000 + $100 + $50) instead of the original $1,000.
It is important to note that the penalty is added to the total tax owed, not to the unpaid balance. Therefore, if a partial payment is made, the penalty will still be calculated based on the total tax owed, not the amount still outstanding.
In conclusion, property owners in Yell County, Arkansas should pay their property taxes on time to avoid penalties. If taxes are not paid by October 15th, a 10% penalty will be added to the bill. If taxes are not paid by November 16th, an additional 5% penalty will be added to the bill.
We recommend contacting the Yell County Tax Office or a local tax professional for the most up-to-date and accurate information.