Arkansas (Summary)
Last Updated: March 2020
Tax Type: Current Use (based on soil productivity), Fire Protection Tax, and Severance Tax
Description: All agricultural lands in the state including cropland, pastureland, and timberland are valued based on its use. Property tax is assessed at 20% of its use value.
Law: Arkansas Code §§ 26-26-407, 26-61-103, 26-58-107, 26-58-109, 26-58-111
Principal Forest Property Tax Incentive Program
Program name: General property tax program (timberland)
Objective: Designed to protect and preserve managed forest land for the betterment of all people in the state.
Program Requirements
Min/Max Acreage: Not specified
Min. Stocking Growth: Not specified
Forest Management Plan: Not specified
Duration of Enrollment: N/A
Penalties for Use Change: Not specified
Program Administration
State: Arkansas Assessment Coordination Department (ACD); Department of Finance and Administration
County Tax Assessor and Commissioner: Adopt the use values developed by the ACD
University: N/A
Landowners: N/A
For a more in depth discussion of Arkansas property taxes click here!