Rate Breakdown

Property taxes in Boone County are calculated by multiplying the assessed value (minus exemptions) by the total local millage rate.

How Property Tax Works in Boone County

Every year the Boone County Assessor’s Office determines the taxable value of each parcel of real property within the county. The process begins with a market‑value appraisal based on recent sales of comparable properties, land improvements, and any changes to the property (such as additions or renovations). Once the market value is established, the assessor applies the statutory assessment ratio of 20 % (Arkansas law) to arrive at the *assessed value* that is subject to tax.

Boone County then applies its collection of millage rates—expressed in mills, where one mill equals $1 of tax per $1,000 of assessed value. The total millage rate is a combination of several entities, including:

• Boone County (road & bridge maintenance)
• City or town (if the property lies within a municipal boundary)
• School district
• Special districts (e.g., fire, water & sewer, hospital)

For the 2024‑25 fiscal year, the combined millage rate for most residential parcels in Boone County is approximately 43.8 mills (subject to change each year). To calculate the annual tax bill, multiply the assessed value by the total millage rate and divide by 1,000. Example: a home with an assessed value of $30,000 and a 43.8‑mill rate owes $30,000 × 43.8 ÷ 1,000 = $1,314 in property tax.

Available Exemptions

Arkansas offers several exemptions that can reduce the taxable portion of your property. Eligibility criteria are administered by the county assessor and must be claimed on the annual exemption form.

• Homestead Exemption – Residents who own and occupy their primary residence can claim a $500 reduction in assessed value.
• Senior Citizen Exemption – Homeowners aged 65 or older may receive a $500 exemption, with additional incremental exemptions for each $5,000 of assessed value above $30,000.
• Disability Exemption – Persons with a qualifying disability can claim the same $500 exemption as seniors, plus any applicable incremental benefits.
• Veteran Exemption – Qualified veterans (or their surviving spouses) are eligible for a $1000 reduction in assessed value, with an extra $500 for those who served in combat zones.

All exemptions are applied before the millage calculation, effectively lowering the tax bill. Remember to submit renewal documents each year; otherwise, the exemption lapses.

Payment Schedule & Deadlines

Boone County property taxes are due in two installments:

• First installment – Due on November 1, payable through December 31.
• Second installment – Due on May 1, payable through June 30.

You may pay the full amount at any time before the final deadline, or you can choose a split‑payment plan through the county’s online portal or at the Tax Collector’s office. Late payments incur a penalty of 5 % of the unpaid balance after the due date, plus interest at the rate set by the Arkansas Department of Finance.

To avoid penalties, set up automatic reminders or enroll in the county’s electronic payment system, which also allows you to view your balance, print receipts, and track payment history.

Appealing Your Assessment

If you believe your property’s assessed value is inaccurate, you have the right to appeal. The steps are:

• File a written appeal with the Boone County Assessor’s Office by the deadline—usually April 15 of the tax year.
• Provide supporting evidence such as recent sales data, independent appraisals, or photographs of property condition.
• Attend a hearing before the County Board of Equalization, where you can present your case.
• Receive a decision—the board may adjust the assessed value, uphold the original assessment, or order a new appraisal.

All correspondence and documentation should be kept for at least three years. If the board’s decision does not resolve the issue, you may appeal further to the Arkansas Tax Appeal Tribunal.