If you're a property owner in Faulkner County, Arkansas, it's essential to understand the property assessment process. In this article, we'll explore the role of the Faulkner County Assessor's office and provide valuable insights to help you navigate through your property assessment journey.
Meet Krissy Lewis, the Faulkner County Assessor
Krissy Lewis is the prominent Faulkner County Assessor, responsible for overseeing the assessment of properties in the county. With years of experience and expertise in property assessment, Krissy and her team ensure that property valuations are accurate and fair.
Understanding Commercial Personal Property Assessment
If you own a business in Faulkner County, you are required by law to assess your commercial personal property. This includes assets like furniture, machinery, vehicles, and inventories. Remember to assess your business property no later than May 31st each year to avoid penalties. For more information and assistance, feel free to contact Sharon Clack or Nicki Evans at 501-450-4905 ext. 1242 or email them at [email protected] or [email protected].
Exploring Real Estate Assessment
The Faulkner County real estate records are available for public research. You can access the records at the real estate department or online through platforms like ARCountyData.com and actdatascout.com. These platforms provide free access as well as premium services.
Additionally, Amendment 79 of the Arkansas constitution offers a homestead credit of up to $425 on the property taxes for the owner's primary residence. This amendment also provides a possible freeze on the taxable value for homeowners who are 65 and older or totally disabled. The deadline to apply for the Homestead Credit on your current tax bill is October 15th.
County Wide Reappraisals
Faulkner County conducts county-wide reappraisals every 3 or 5 years based on the county's growth. Currently, the county is in a 3-year reappraisal cycle, which will be completed in 2024. These reappraisals ensure that property valuations remain up-to-date and reflect the current market conditions.
Assessing Personal Property
Property owners are required to assess their personal property annually. The assessment period runs from the first working day in January to May 31st. You can assess your personal property through various methods, including in-person, phone, mail, or fax. However, please note that assessments by phone are not accepted for first-time assessments or new residents. Remember that May 31st is the deadline to assess personal property. Failure to do so may result in a 10% penalty as per state law.
Additional Resources
For more information and frequent inquiries, you can refer to the FAQ section. It covers various topics related to property assessment in Faulkner County.
Now that you're well-informed about the Faulkner County Assessor's office and the property assessment process, you can confidently navigate through your property-related matters. If you have any specific questions or require further assistance, feel free to reach out to the Faulkner County Assessor's office at 501-450-4905 or visit their office at 806 Faulkner Street, Conway, AR 72034.
