Secured Real Property Fort Smith Ar
Description
How to fill out Loan Application - Review Or Checklist Form For Loan Secured By Real Property?
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FAQ
Personal Property and Business Personal Property. Arkansas law requires that all property owners assess their personal property, and their business personal property (if applicable) between January 1st and May 31st of each year. State law also places the assessment level at 20% of current market value.
Personal Property - Under Arkansas law, A.C.A. § 26-1-101, personal property is defined as ?Every tangible thing being the subject of ownership, and not forming a part of any parcel of real property as defined.? Market Value - A.C.A.
The City of Fort Smith collects sales tax at the rate of 9.5%. From the total tax amounts collected, the following percentages are sent to the respective departments (effective January 1, 2023): State of Arkansas Sales Tax: 6.5% City of Fort Smith Tax: 2%
Property owners can pay their taxes online, in person at the county courthouse, or by mail. The amount of property tax owed is based on the assessed value of the property, which is determined by the county assessor.
Assess Online or by Phone If you are a current resident and have previously assessed your vehicles, we offer several opportunities to assess your property: We offer online assessments for individuals who have no changes to current assessed property or who are simply deleting property they no longer own.
