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Arkansas, the 'Natural State,' is known for its beautiful mountains, crystal-clear lakes, and relaxed way of life. It is also the birthplace of Walmart and home to thriving outdoor recreation spots. Arkansas has an average effective property tax rate of 0.61%, ranking 46th in the country. This makes it one of the more affordable places for homeowners, especially in rural areas.
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Home values have risen substantially over the last decade. As a result, property taxes have become unaffordable for many home and business owners.
Property taxes are a crucial source of revenue for most local government entities. Shifting trends in market conditions, legislation, and the economy can have a big impact on both residential and commercial property owners.
Commercial property owners often face additional complexities and scrutiny when dealing with property tax issues. Our network of experts can help to navigate these issues and mitigate the impact of rising property taxes for commercial owners.