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

When buying or selling a home in Lonoke County, Arkansas, it’s important to understand how property taxes work. Whether you’re moving to Cabot, Lonoke, England, Carlisle, or Austin, property taxes play a role in your overall housing budget and can impact your closing costs.

Here’s a complete guide to property taxes in Lonoke County — how they’re calculated, when they’re due, and ways you can save.

💡 How Property Taxes Are Calculated in Lonoke County

In Arkansas, property taxes are based on your property’s assessed value, which is set at 20% of the market value determined by the county assessor.

That assessed value is then multiplied by the local millage rate (set by schools, cities, and special districts).

Example:

If your home’s market value = $180,000

• Assessed Value = $36,000 (20%)

• Multiply by millage rate (example: 42 mills = 0.042)

• Property Tax Bill = $1,512 annually

🗓️ Important Tax Deadlines in Lonoke County

Here are the dates homeowners should remember each year:

• January 1 – Property ownership is recorded for tax purposes

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

• October 15 – Deadline to pay property taxes without penalty

⚠️ Missed the deadline? A 10% penalty + interest is added to your bill.

📍 Where to Pay Lonoke County Property Taxes

Taxes can be paid online, in person, or by mail through the Lonoke County Collector’s Office:

Lonoke County Collector

301 N Center Street, Room 202

Lonoke, AR 72086

Phone: (501) 676-6345

Lonoke County Collector Website

Payment Options:

• Pay online (processing fee applies)

• Pay by mail (postmarked by Oct. 15)

• Pay in person at the Collector’s Office

🎯 Tax Relief Programs & Homestead Credit

Arkansas homeowners who live in their property as their primary residence may qualify for the Homestead Property Tax Credit of up to $600 each year.

To apply:

• Visit the Lonoke County Assessor’s Office

• Provide proof of residency (such as a driver’s license or deed)

• Apply once, and the credit renews each year automatically

Additional Benefit:

• Seniors (65+) and those with permanent disabilities may be eligible to have their assessed value frozen, keeping property taxes from increasing even if market values rise.

📊 Millage Rates in Lonoke County

Millage rates vary depending on your school district and municipality. Examples include:

• Cabot School District – ~39.5 mills

• Lonoke School District – ~41 mills

• Carlisle School District – ~40 mills

• England School District – ~40 mills

Since millage rates differ by area, two homes with the same value in different school districts may have slightly different tax bills.

🏘️ Why Property Taxes Matter for Buyers & Sellers

For Buyers:

• Property taxes are often escrowed into your monthly mortgage payment.

• Reviewing the most recent tax bill helps you understand your true cost of ownership.

For Sellers:

• Property taxes are pro-rated at closing, so you’ll only be responsible for the portion of the year you owned the property.

• Buyers often compare neighborhoods based on tax rates, so being informed is a selling advantage.

✅ Quick Tips for Lonoke County Homeowners

• Apply for the Homestead Credit as soon as you buy a home.

• Remember October 15 — set a calendar reminder each year.

• Check your assessment and appeal if your property value seems overstated.

• Review millage rates when comparing Cabot, Lonoke, Carlisle, or England areas.

🔑 Final Thoughts

Property taxes are a key part of homeownership in Lonoke County, but with the right knowledge, they’re manageable. Whether you’re relocating to Cabot, downsizing in Lonoke, or buying land in rural parts of the county, understanding deadlines, credits, and rates will help you budget smartly.

If you’re thinking about buying or selling in Lonoke County, I’d be happy to guide you every step of the way.

📲 Contact me today at The Real Estate Statement to get started on your next move in Central Arkansas!