🏡 What to Know About Property Taxes in Faulkner County, AR

Property taxes are an important part of homeownership in Faulkner County, Arkansas. Whether you’re buying your first home in Conway, relocating to Greenbrier, or investing in land near Vilonia, understanding how property taxes work will help you budget more effectively and avoid surprises.

Here’s a breakdown of everything you need to know about property taxes in Faulkner County.

💡 How Property Taxes Work in Faulkner County

Like all Arkansas counties, property taxes in Faulkner County are based on the assessed value of your property. The Faulkner County Assessor determines the market value of your home or land, and then it’s assessed at 20% of that value.

From there, local taxing units (like schools, cities, and fire districts) set their millage rates, which determine the amount of tax you’ll owe.

Example:

If your home has a market value of $200,000:

• Assessed Value = $40,000 (20%)

• Multiply by millage rate (example: 45 mills = 0.045)

• Property Taxes = $1,800 per year

🗓️ Key Dates & Deadlines

Staying on top of important property tax deadlines in Faulkner County is essential.

• January 1 – Lien date (property ownership status is recorded)

• March 1 – May 31 – Personal property assessment period (cars, boats, etc.)

• October 15 – Deadline to pay property taxes without penalty

Payments are due annually and can be split into installments if needed, but late payments incur a 10% penalty plus interest.

📍 Where to Pay Property Taxes in Faulkner County

Property taxes can be paid online, by mail, or in person through the Faulkner County Collector’s Office:

Faulkner County Collector

806 Faulkner Street, Conway, AR 72034

Phone: (501) 450-4921

Faulkner County Collector Website

Payment Options:

• Online via credit/debit card (convenience fee applies)

• In person at the Collector’s Office

• By mail (must be postmarked by October 15)

🎯 Property Tax Relief & Homestead Credit

Good news for Faulkner County homeowners — if the home is your primary residence, you may qualify for the Homestead Tax Credit of up to $600 off your tax bill each year.

To apply:

• Visit the Faulkner County Assessor’s Office

• Bring proof of residency (driver’s license, utility bill, deed, etc.)

• Apply once, and the credit renews annually as long as you live in the home

Additional Benefits:

• Seniors (65+) and those with disabilities may qualify for a frozen assessed value, which prevents increases in property tax bills due to rising home values.

📊 Current Millage Rates in Faulkner County

Millage rates vary depending on where you live in the county. For example:

• Conway School District – ~38.5 mills

• Vilonia School District – ~41 mills

• Greenbrier School District – ~42 mills

(Exact rates may vary slightly — check with the Assessor for the latest numbers.)

This means two homes of equal value in different districts may have slightly different tax bills.

🏘️ Why Property Taxes Matter When Buying or Selling

If you’re buying in Faulkner County:

• Your lender will usually collect property taxes through an escrow account.

• Reviewing the property’s current tax bill will help you estimate monthly costs.

If you’re selling:

• Taxes are pro-rated at closing, meaning you’ll only pay for the portion of the year you owned the home.

• Buyers often ask about current tax rates when comparing neighborhoods, so having this info ready can help your listing.

✅ Quick Tips for Faulkner County Homeowners

• Always apply for the Homestead Credit if you haven’t already.

• Pay by October 15 to avoid late fees.

• Double-check your assessed value — if it seems too high, you can file an appeal with the Equalization Board.

• Keep millage rates in mind when comparing neighborhoods.

🔑 Final Thoughts

Property taxes are an ongoing part of owning a home in Faulkner County, but with the right knowledge, they don’t have to be stressful. Whether you’re considering a move to Conway, Vilonia, or Greenbrier, understanding the tax system will help you plan your budget and protect your investment.

If you’re thinking about buying or selling in Faulkner County, I’d be happy to guide you through not only the property tax process but every step of the real estate journey.

📲 Contact me to learn more about your next move in Central Arkansas!