Senior, Veteran and Disability Property Tax Relief in Arkansas
Property tax exemptions, freezes and credits in Arkansas for seniors, disabled veterans and people with disabilities.
Short answer: Homeowners who qualify for the homestead credit and are 65 or older (or disabled) may have the taxable assessed value of their homestead frozen at the next assessment date after they turn 65 or become disabled; Arkansas DFA Assessment Coordination Division, Property Tax Relief; Ark. Const. Amend. 79; Ark. Code Ann. §§ 26-26-1123, 26-26-1124
| Senior exemptions and freezes | Homeowners who qualify for the homestead credit and are 65 or older (or disabled) may have the taxable assessed value of their homestead frozen at the next assessment date after they turn 65 or become disabled; a qualifying person who buys a homestead can get the freeze after the purchase. The frozen value can still increase for substantial improvements (renovation adding 25% or more to the value) and new construction, tax bills can change with local millage rates, and the freeze does not transfer to a new owner. Living in a nursing home does not automatically disqualify an owner. FAQ: https://www.dfa.arkansas.gov/wp-content/uploads/faqs-2023.pdf |
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| Veteran exemptions | Ark. Code Ann. § 26-3-306 exempts from taxation property owned by a qualified disabled veteran, and the exemption also covers surviving spouses and minor dependent children of disabled veterans. For the homestead freeze, 'disabled' includes a veteran who is permanently and totally disabled under 38 C.F.R. Part IV. |
| Disability exemptions | Disabled homeowners who qualify for the homestead credit may get the same assessed-value freeze as owners 65 or older. For this purpose 'disabled' means a person disabled under Subchapter XIX of the Social Security Act (as in effect January 1, 2003) for any period during the calendar year, a veteran permanently and totally disabled under 38 C.F.R. Part IV, or a person who has received permanent and total disability insurance benefits during the year. FAQ: https://www.dfa.arkansas.gov/wp-content/uploads/faqs-2023.pdf |
More Arkansas property tax & homestead exemptions
- The Homestead Exemption in Arkansas
- Appealing Your Property Tax Assessment in Arkansas
- All Arkansas property tax & homestead exemptions rules
FAQ
Do seniors get a property tax exemption in Arkansas?
Homeowners who qualify for the homestead credit and are 65 or older (or disabled) may have the taxable assessed value of their homestead frozen at the next assessment date after they turn 65 or become disabled; a qualifying person who buys a homestead can get the freeze after the purchase. The frozen value can still increase for substantial improvements (renovation adding 25% or more to the value) and new construction, tax bills can change with local millage rates, and the freeze does not transfer to a new owner. Living in a nursing home does not automatically disqualify an owner.
Do disabled veterans pay property tax in Arkansas?
Ark. Code Ann. § 26-3-306 exempts from taxation property owned by a qualified disabled veteran, and the exemption also covers surviving spouses and minor dependent children of disabled veterans. For the homestead freeze, 'disabled' includes a veteran who is permanently and totally disabled under 38 C.F.R. Part IV.
Is there a property tax exemption for people with disabilities in Arkansas?
Disabled homeowners who qualify for the homestead credit may get the same assessed-value freeze as owners 65 or older. For this purpose 'disabled' means a person disabled under Subchapter XIX of the Social Security Act (as in effect January 1, 2003) for any period during the calendar year, a veteran permanently and totally disabled under 38 C.F.R. Part IV, or a person who has received permanent and total disability insurance benefits during the year.
General legal information, not legal advice. Laws change and local rules can differ; check the linked official source or talk to a lawyer about your situation.