Rate Breakdown

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

How Property Tax Works in Grant County

Every year the Grant County Assessor’s Office determines the market value of each taxable parcel. This “assessment” is based on recent sales of comparable properties, the size and condition of the improvement, and any land‑use classifications. Once the assessed value is set, the County applies the combined millage rates approved by local taxing entities—generally the County, the school district, and any city or special district that serves the property.

A millage rate represents the amount of tax payable per $1,000 of assessed value. For example, a combined rate of 25 mills means a property assessed at $100,000 will owe $2,500 in taxes (100 × 25 = 2,500). In Grant County the typical 2024 combined rate hovers around 23‑26 mills, but exact rates can vary yearly depending on budget decisions made by the County Board of Commissioners, the Grant County School District, and any incorporated municipalities.

Available Exemptions

Arkansas offers several exemptions that can lower your taxable value. Eligibility criteria are administered by the Grant County Assessor and must be applied for each tax year.

• Homestead Exemption: Reduces the assessed value of a primary residence by up to $5,000, providing modest tax relief for homeowners.
• Senior Citizen Exemption: Residents aged 65 or older may receive an additional $5,000 reduction if their household income does not exceed the state‑defined limit.
• Disability Exemption: Qualified persons with a permanent physical or mental handicap can claim a $5,000 exemption on their primary dwelling.
• Veteran Exemption: Honorable‑discharged veterans (or their surviving spouses) are eligible for a $5,000 reduction on the assessed value of their homestead.

These exemptions are cumulative in Arkansas, so a senior veteran with a disability could potentially reduce the assessed value of their home by up to $20,000.

Payment Schedule & Deadlines

Grant County follows the state‑mandated two‑installment schedule:

• First installment: Due by June 30 of the tax year. Payment can be made online, by mail, or in person at the County Treasurer’s Office.
• Second installment: Due by December 31. The same payment options apply.

If either installment is not paid by its due date, a statutory penalty of 10 % of the unpaid amount is assessed, plus interest accrued at the rate set by the Arkansas Department of Finance. Repeated delinquency may result in a tax lien, which can affect credit scores and lead to potential foreclosure.

Many taxpayers elect to spread the balance across the two installments to avoid the 10 % penalty and to better manage cash flow.

Appealing Your Assessment

If you believe your property has been over‑assessed, you have the right to challenge it through Grant County’s formal appeals process.

• Step 1 – Review: Obtain a copy of your assessment notice and compare your property’s value to recent sales of similar parcels.
• Step 2 – Contact the Assessor: Within 30 days of the notice date, submit a written request for a reconsideration to the Grant County Assessor’s Office. Include supporting evidence such as appraisals, sales data, or photographs.
• Step 3 – Formal Appeal: If the reassessment is still unsatisfactory, file an appeal with the Arkansas Appellate Panel for Property Tax within 30 days of the Assessor’s final decision. The appeal packet must contain the original notice, the request for reconsideration, and any additional documentation.
• Step 4 – Hearing: The panel will schedule a hearing, during which you may present testimony and evidence. A written decision is issued within 30 days of the hearing.

Successful appeals can result in a reduced assessed value, which directly lowers your tax liability for the current year. It’s advisable to keep all correspondence and supporting documents organized to streamline the process.