Monroe County, Arkansas

Tax Assessor

Our mission is to equitably and accurately assess all real and personal property in a professional and courteous manner that assures public confidence and funding for public services. As your elected official, I discharge my duties with fairness and integrity while upholding the laws of the State of Arkansas. We strive to be a source of accurate and timely property information for local government, schools and the community.

Important Information Regarding Personal Property

Assessed values afor personal property are provided by the Assessment Coordination Department of Arkansas (ACD). Your assessment is based on 20% of the appraised value, then multiplied by the millage rate of the school district that you live in to arrive at a tax amount. your current year assessment will not be billed to you until the following year.

Approximately 90% of your tax dollars go to the public school systems. Your tax statement will show how much of your taxes go to each taxing unit.

Taxes are not pr-rated. You will pay on the personal property that you own as of May 31st each year. Any items purchased after May 31st must be assessed, but will not receive a value on assessment until January of the follwing year. Please contact the Assessor's Office upon selling any personal property listed on your assessment.

Examples of items you need to assess include but are not limited to: vehicles, boats, campers, motorcycles, ATV's, jet skis, farm equipment, trailers, airplanes, and livestock. As of January 1, 1999, a Vehicle Identification Number (VIN) is required on all newly acquired vehicles.

The following items are needed to license your vehicle at the Arkansas State Revenue Office: 

  • Current year assessment
  • Tax clearance for previous tax year
  •  Title, bill of sale, or renewal notice
  • Proof of insurance        

Important Information Regarding Real Property  

Unlike personal property, it is not necessary to assess your real property every year. You only need to contact our office if you hae made a change to your property by adding or removing items such as houses, additions, outbuildings, etc.

Each parcel of real property is reviewed every three or five years due to state mandated reappraisal. The ACD determines whether it is three or five years based on market growth. Please keep in mind, the Assessor's Office does not set market value. Market value is set by the numerous sales transactions between buyers and sellers. In turn, the Assessor's Office gathers field data and analyzes those sales, which are then used to generate assessments reflecting the local market. This process is performed in compliance with the laws and standards set forth by the State of Arkansas.    

Amendment 79 applies a 5% cap on property claimed as homestead and a 10% cap on all other property (excluding new construction, newly discovered or substantial changes)

If you own a home in Monroe County and it is your principal place of residence, under amendment 79 and Act 142, you are eligible for up to a $350 Homestead Credit. If you are 65 or older or disabled according to Social Security Administration, your assessment is eligible for a freeze with possible exception of any newly discovered additions or out buildings, etc. Proof of eligibility must be provided.

The 85th General Assembly of the State of Arkansas passed Act 2284 in the 2005 Regular Session. This new law became effective January1, 2006. It states that "When a person sells his or her real property, the county assessor shall assess the real property at twently percent of the appraised value at the next assessment date after the date of the transfer". This is saying that all caps will be removed the following January after the sale.

Due to Act 1131, our office is required by the Assessment Coordination Department of the State of Arkansas to verify sales in the county. A form is mailed quarterly to property owners for each real estate transfer. This form is to be filled out and returned to the Assessor's Office as soon as possible. There are other questionnaires that we mail out occasionally to gather specific information about commercial sales and rental properties. By completing and returning these forms, you are helping us to establish documentation for the local market which will result in fair and equitable values.                                                                                                            

Assessment laws continually change and are frequently complicated, thus often requiring detailed explanations. Our doors are open from 8:00am to 4:30pm Monday through Friday. Come and visit me or a member of my staff or call us at 870-747-3847. We welcome contacts from the public regarding the assessment of their property.

Frequently Asked Questions

If I assessed last year in Monroe County, do I have to come in to the Assessor's Office in person to assess my personal property? No. You may assess your personal property by phone at 870-747-3847, or toll free in Arkansas 1-800-426-4481.

If I am new to Monroe County, do I have to come into the Assessor's Office in person to assess my personal property? Yes, you need to come by the Assessor's Office at Monroe County Courthouse, located at 123 Madison St., Clarendon, Arkansas, to establish your first assessment in Monroe County.

Can business personal property be assessed by phone? No. You must fill out the Commercial Personal Property Assessment form each year.

What information do I need to assess my vehicles? You will need the year, make, model, and vehicle identification number (VIN).

Why does my certificate of renewal for my vehicle show that I have not assessed or paid taxes? You have either not assessed for the current year, or you have assessed but your certificate of renewal was printed before you assessed, or your vehicle identification number is not in the system correctly. Please contact the Assessor's Office to determine what needs to be done.

If I add a room onto my house and I do the work myself, will I only be assessed on my cost? No. New construction or any assessment is based on market value of the property.

If I buy a house, will I be assessed on the price I paid? No. Real property is valued at its current market value based on a group of comparable sales, not just one sale. In a majority of cases, the sales price is comparable to market value, but not always.
 

 

 

 

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