Homestead Property Tax Credit (Amendment 79)
Who qualifies
- Income
- No age or income limit; available to all qualifying homestead owners.
- Ownership
- Homeowner defined as the record owner, a buyer under a recorded sales contract, or a person holding a recorded life estate. Only one homestead credit per owner per year.
- Residency
- Property must be the owner's principal place of residence in Arkansas.
How much it saves
Worked example — a $300,000 home at Arkansas's median effective rate (~0.53%):
Your county's rate differs — use the calculator for a figure tuned to where you live.
How to apply
- Application required: Yes
- Deadline: Apply/claim with the county assessor; the credit is not allowed after October 15 of the year after the assessment year.
- Renewal: automatic — Once claimed, the credit continues automatically each year while the property remains the owner's qualifying homestead; no annual re-application.
Combining with other exemptions
May be combined with the Amendment 79 assessment freeze below (a senior/disabled owner can hold both the credit and the freeze).
Amount cross-checked against a second official artifact: arkleg.state.ar.us/Home/FTPDocument.
Informational only — not legal or tax advice. Exemption rules and amounts are summarized from official statutes and state tax-agency sources as of each program's verified date and can change by legislative session. Dollar figures are estimates derived from Census ACS county tax data, not actual bills. Confirm your eligibility and current amounts with your county assessor before relying on anything here.