Rate Breakdown

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

How Property Tax Works in Izard County

Izard County follows Arkansas’s statewide assessment system, which means every real‑estate parcel is valuation‑based rather than a flat‑fee model. The county assessor determines the “market value” of a property as of January 1 of the tax year. This market value becomes the assessed value after applying any statutory assessment ratio (currently 100 % for residential real‑estate). The assessed value is then multiplied by the applicable millage rate(s) to calculate the total tax bill.

Typical millage rates for the 2024‑2025 tax year are:

• Izard County – approximately 22.2 mills (¢22.20 per $1,000 of assessed value)
• Local school districts – around 25‑30 mills, depending on the district
• City or town (if the property lies within incorporated limits) – 5‑12 mills
• Special districts (road, fire, water) – variable, listed on the tax bill

To estimate your liability, add together all applicable millages and multiply the sum by your assessed value, then divide by 1,000. For example, a home assessed at $120,000 with a combined millage of 60 mills would owe ($120,000 × 60) ÷ 1,000 = $7,200 in property taxes.

Available Exemptions

Arkansas law provides several exemptions that can reduce the taxable portion of your assessed value. The most common exemptions that apply to Izard County owners are:

• Homestead Exemption – $5,000 off the assessed value for owners who occupy the property as their primary residence.
• Senior Citizen Exemption – Available to owners age 65 or older who meet an income ceiling (generally $25,000 per year). Qualifying seniors receive a $5,000 reduction.
• Disability Exemption – A $5,000 exemption for owners who are legally declared disabled, regardless of age.
• Veteran Exemptions –
  • Honorable discharge: $5,000 exemption.
  • Disabled veteran (100 % service‑connected disability): $10,000 exemption.

Exemptions are claimed on the annual “Real Estate Tax Application” submitted to the Izard County Assessor’s Office by the March 1 filing deadline. Supporting documentation (proof of age, income, disability, or veteran status) must accompany the application.

Payment Schedule & Deadlines

Izard County offers two installment options for most residential and commercial property taxes:

• First installment – Due October 15. It covers roughly 50 % of the total tax bill.
• Second installment – Due March 15 of the following year. The remaining balance must be paid by this date to avoid penalties.

If you prefer a single payment, the full amount is due by December 31 of the tax year. Late payments incur a 10 % penalty plus interest at the statutory rate (currently 12 % per annum). After March 15, the tax becomes delinquent, and the county may initiate tax‑sale proceedings.

Appealing Your Assessment

If you believe your property has been over‑assessed, you have the right to appeal:

• Deadline – File a written appeal with the Izard County Assessor’s Office within 30 days of receiving the notice of assessment.
• How to file – Submit a “Petition for Assessment Review” (Form AR‑114) detailing the reasons for disagreement and including any supporting evidence (recent sales data, independent appraisals, photographs).
• Review process – The Assessor will schedule a hearing, often with a member of the County Board of Equalization. You may present testimony and evidence at this hearing.
• Further appeal – If the Board’s decision is unsatisfactory, you may appeal to the Arkansas State Board of Assessors or file a suit in the county circuit court within 30 days of the Board’s final order.

Maintaining organized records and understanding the timeline are essential for a successful appeal. For assistance, consider contacting the Izard County Assessor’s Office directly or consulting a qualified property tax advisor.