Assess each year between January 1 and May 31 to avoid a late assessment penalty of 10%.
You may assess by phone by calling our personal property department at 479-784-1516. A copy of your assessment will be mailed to you. You may assess on-line by clicking the on-line assessment link on this web site. You may also assess in person by coming to our office located at the Fort Smith Courthouse 35 South 6th Street, Room 203 .
Taxes are not pro-rated. You will pay on the personal property that you have listed as of May 31 each year. Please contact our office upon selling any personal property listed on your assessment.
Examples of items you need to assess include but not limited to: vehicles, boats, campers, motorcycles, jet skis, farm equipment, utility trailers and airplanes.
As of January 1, 1998 a Vehicle Identification Number on a newly licensed vehicle is required.
Any items listed on your assessment after May 31 will not receive a value until January of the following year.
Approximately 75% of your tax dollar goes to the school systems. Your tax statement will show how much of your taxes go to each taxing unit.
The following items are needed to license your vehicle:
Unlike personal property, you do not have to assess your real property every year. You do need to let our office know if you have a new addition to your property or new outbuilding, etc.
Each parcel of real property is reviewed every five years due to state-mandated reappraisal.
There is a 5% cap on residential property and a 10% cap of commercial property unless it is newly discovered property.
Examples: new house, out building, addition, etc.
If you own a home in Sebastian County and it is your principal place of residence, under Amendment 79 you are eligible for a $350.00 Homestead Credit. If you are 65 or older or disabled according to Social Security Administration your assessment shall freeze with the exception of any new addition or out buildings, etc.
Due to Act 1131, our office is required by the Assessment Coordination Department to verify all sales in the county. A form is mailed to the property owner with each real estate transfer. This form is to be filled out and returned to our office as soon as possible.