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The property tax time line spans two years. The first year is used to establish the assessed values of property and levy millage rates. The second year is when the taxes will be collected and distributed to the cities, counties and school districts.

During the assessment year county assessors, clerks, equalization boards and judges are the people working to establish the assessed value. School boards and patrons, city councils and the county quorum courts set millage rates. The quorum court formally levies millage rates for cities, schools and county governments.

During the collection year county clerks, collectors, treasurers are the people working to collect and distribute the taxes to the cities, counties, and school districts.
Property taxes are collected each year, so it is readily obvious that each assessment year is also a collection year - the collection year for the previous assessment year.
Following is a snapshot of one year and deadlines and duties that are being performed each month. Note: Amendment 79, approved in the 2000 general election, added deadlines and duties for elected officials which are included.

RECURRING

Some tasks are repeated monthly. The county collector could be collecting delinquent taxes anytime during the year (A.C.A. § 26-36-209). The county treasurer will be making monthly distribution of tax proceeds to the taxing units (A.C.A. § 26-39-201). Also, the county treasurer will be receiving monthly reimbursements for the homestead property tax credit (A.C.A. §§ 26-26-1118 & 26-26-310 & Act 1544, 2001). These tasks are not shown in the monthly breakdowns.

JANUARY

Lien date: Property taxes constitute a lien on property and bind that property from the first Monday in January of the assessment year until the taxes are paid in the collection year. (A.C.A. §26-34-101)
Valuation date: All property is assessed according to its value on January 1 of the assessment year. (A.C.A. §26-26-1201)

Property Owner
Lists personal property with assessor through May 31 (A.C.A. § 26-26-1408)
Registers homestead with assessor through October 15 (A.C.A. §26-26-1118)

Assessor
Values real property through July 1. (A.C.A. § 26-26-1101)
Values personal property through July 31 (A.C.A. § 26-26-1408)
Reports Final Abstract of Assessment Books of previous year before rollover to collector Jan. (A.C.A. §26-28-303)
Reports homestead registrants to collector through October 15. (A.C.A. §26-26-1118)
Reports real estate sales to the ACD no later than January 31 (A.C.A. § 26-26-304)

County Clerk or Preparer of the Tax Books
Extends previous year taxes - prepares and delivers tax book on or before February 1. (A.C.A. § 26-28-103 & § 26-26-108)

FEBRUARY

Property Owner
Lists personal property with assessor through May 31. (A.C.A. § 26-26-1408)
Registers homestead with assessor through October 15. (A.C.A. §26-26-1118)

Assessor
Values real property through July 1. (A.C.A. §26-26-1101)
Values personal property through July 31 (A.C.A. §26-26-1408)
Reports homestead registrants to collector through October 15. (A.C.A. §26-26-1118)

County Clerk or Preparer of Tax Books
Extends previous year taxes - prepares and delivers tax book on or before February 1. (A.C.A. §26-28-103 & § 26-26-108)

MARCH

Property Owner
Lists personal property with assessor through May 31. (A.C.A. §26-26-1408)
Registers homestead with assessor through October 15. (A.C.A. §26-26-1118)
Pay previous year taxes. (A.C.A. §26-35-501)

Utilities & Carriers
Lists property with the Tax Division of the Public Service Commission by March 1st. (A.C.A. § 26-26-1602)

Assessor
Values real property through July 1. (A.C.A. §26-26-1101)
Values personal property through July 31 (A.C.A. §26-26-1408)
Reports homestead registrants to collector through October 15. (A.C.A. §26-26-1118)

County Collector
Previous year tax books open for collection on the first business day. Taxes become due & payable. (A.C.A. §26-36-201)
Mails tax bills by July 1 deadline. (A.C.A. §26-35-705)
First homestead tax credit report to DFA by the 31st. (A.C.A. §26-26-310 & § 26-26-1118)

APRIL

Property Owner
Lists personal property with assessor through May 31. (A.C.A. §26-26-1408)
Register homestead with assessor through October 15. (A.C.A. §26-26-1118)
Pay previous year taxes. (A.C.A. §26-35-501)

Assessor
Values real property through July 1. (A.C.A. §26-26-1101)
Values personal property through July 31 (A.C.A. §26-26-1408)
Reports homestead registrants to collector through October 15. (A.C.A. §26-26-1118)

Collector
Mails tax bills by July 1 deadline. (A.C.A. §26-35-705)

MAY

Property Owner
Lists personal property with assessor through May 31 (A.C.A. §26-26-1408)
Register homestead with assessor through October 15. (A.C.A. § 26-26-1118)
Pay previous year taxes. (A.C.A. §26-35-501)

Assessor
Values real property through July 1. (A.C.A. §26-26-1101)
Values personal property through July 31 (A.C.A. §26-26-1408)
Reports homestead registrants to collector through October 15. (A.C.A. §26-26-1118)

Collector
Mails tax bills by July 1 deadline. (A.C.A. §26-35-705)

JUNE

Property Owner
Registers homestead with assessor through October 15. (A.C.A. § 26-26-1118)
Pay previous year taxes. (A.C.A. § 26-35-501)

Assessor
Values real property through July 1. (A.C.A. § 26-26-1101)
Values personal property through July 31 (A.C.A. § 26-26-1408)
Reports homestead registrants to collector through October 15. (A.C.A. §26-26-1118)

Collector
Mails tax bills by July 1 deadline. (A.C.A. §26-35-705)
Second homestead tax credit report to DFA by June 30. (A.C.A. § 26-26-310)

JULY

Property Owner
Registers homestead with assessor through October 15 (A.C.A. § 26-26-1118)
Pays previous year taxes. (A.C.A. § 26-35-501)

Tax Division of the Public Service Commission
Report assessment to counties by July 15 (A.C.A. § 26-26-1612)

Assessor
Values real property through July 1. (A.C.A. § 26-26-1101)
Values personal property through July 31 (A.C.A. § 26-26-1408)
Notify property owners of value increases no later than 10 business days after the 1st. (A.C.A. § 26-23-203).
Reports homestead registrants to collector through October 15. (A.C.A. § 26-26-1118)

Collector
Mails tax bills by the 1st. (A.C.A. § 26-35-705)

AUGUST

Property Owner
Registers homestead with assessor through October 15. (A.C.A. § 26-26-1118)
Pays previous year taxes. (A.C.A. § 26-35-501)
Petitions for equalization board hearing by the 3rd Monday. (A.C.A. § 26-27-317)

Assessor
Attend the equalization board hearings. (A.C.A. § 26-27-313)
Reports homestead registrants to collector through October 15. (A.C.A. § 26-26-1118)
Reports total assessment to Assessment Coordination Department on August 1. (A.C.A. § 26-26-304)

County Clerk
Assumes control of the assessment roll on August 1. The assessor must file the assessment reports with clerk by the 3rd Monday. (A.C.A. § 26-26-716)
Clerk or Designee acts as Equalization board secretary. (A.C.A. § 26-27-307)

Equalization Board
Review overall assessment equalization. (A.C.A. § 26-27-315)
Hear property owner appeals. (A.C.A. § 26-27-317 & Act 1567, 2001)

SEPTEMBER

Property Owner
Registers homestead with assessor through October 15 (A.C.A. § 26-26-1118)
Pays previous year taxes. (A.C.A. § 26-35-501)

Assessor
Attend the equalization board hearings. (A.C.A. § 26-27-313)
Reports homestead registrants to collector through October 15. (A.C.A. § 26-26-1118)

County Clerk
Clerk or Designee acts as Equalization board secretary. (A.C.A. § 26-27-307)

Equalization Board
Review overall assessment equalization. (A.C.A. § 26-27-315)
Hear property owner appeals. (A.C.A. § 26-27-317 & Act 1567, 2001)

School Districts
Elections on the 3rd Tuesday. (A.C.A. § 6-14-102)

OCTOBER

Property Owner
Registers homestead with assessor through October 15 (A.C.A. § 26-26-1118)
Pays previous year taxes. Deadline is the 15th. (A.C.A. § 26-35-501)
Petition the county court for hearing on or before the 2nd Monday. (A.C.A. § 26-27-318)

Assessor
Attend the equalization board hearings. (A.C.A. § 26-27-313)
Reports homestead registrants to collector through October 15. (A.C.A. § 26-26-1118)

County Clerk
Clerk or Designee acts as Equalization board secretary. (A.C.A. § 26-27-307)

Equalization Board
Adjourn regular session on the 1st. (A.C.A. § 26-27-309)
Report and Abstract shall be filed no later than 30 days after final adjournment of EQ board (A.C.A. §26-26-304)

Call Special Session if necessary to:
Review overall assessment equalization. (A.C.A. § 26-27-315)
Hear property owner appeals. A.C.A. § 26-27-317 & Act 1567, 2001)

NOVEMBER

Assessor
Files reappraisal plan with Assessment Coordination Department by November 1 of the year before a new reappraisal cycle begins. (A.C.A. § 26-26-1905)

County Clerk
Clerk or Designee acts as Equalization board secretary. (A.C.A. § 26-27-307)
Begins extending taxes after the quorum court levy - prepares tax book. (A.C.A. § 26-28-103)

Equalization Board
Special session may extend until the 3rd Monday in November. (A.C.A. § 26-27-311)

County Judge
Sits as county court to hear appeals from equalization board decisions. (A.C.A. § 26-27-318)

City Council
Sets general millage rate before the quorum court levies. (Article 12, § 4 Arkansas Constitution & A.C.A. § 26-73-202)

Quorum Court
Levies the millage rates for all taxing entities in its November meeting. (A.C.A. § 14-14-904)

County Collector
Third homestead tax credit report to DFA by the 15th. (A.C.A. § 26-26-310, Act 1544, 2001)

DECEMBER

County Clerk or Preparer of Tax Books
Continue extending the taxes and preparing the tax book. (A.C.A. § 26-28-103)

County Collector
Delivers delinquent personal and real lists to legal newspaper for publication. (A.C.A. § 26-36-203 & § 26-37-107)
Final settlement made and filed with county court by the fourth Monday. (A.C.A. § 26-39-201)

County Court
Approves, rejects, or restates Final Settlement on or before December 31. (A.C.A. § 26-39-402)

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