ArkansasArkansas would raise the homestead property tax credit to $675
For assessment years beginning on or after January 1, 2026, homeowners would receive a $675 credit against real property taxes assessed on their homestead.
What it does
The homestead property tax credit rises from $600 to $675 for each assessment year, reducing the real property taxes assessed on a homeowner's homestead.
Argument forHomeowners could pay $75 less in property taxes for each qualifying home, because the credit would rise from $600 to $675.
Argument againstA larger credit could leave local governments with less property tax revenue to support local services.
More detail
The law raises the homestead property tax credit from $600 to $675. The credit applies to each property owner's homestead, meaning the home that is assessed for real property taxes. The change applies to assessment years beginning on or after January 1, 2026.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Apr 28Correctly enrolled and ordered transmitted to the Governor's Office.To Governor
- Apr 28TO BE ENROLLED
- Apr 28Returned from the Senate as passed.
- Apr 28Returned to the House as passed.
- Apr 28Read the third time and passed.Passed Senate
- Apr 27Returned by the Committee, with the recommendation that it Do PassMinor
- Apr 27Read first time, rules suspended, read second time, referred to REVENUE & TAX - SENATEMinor
- Apr 27Received from the House.
- Apr 27Read the third time and passed and ordered transmitted to the Senate.Passed House
- Apr 23Returned by the Committee Do PassMinor
- Apr 22Read the first time, rules suspended, read the second time and referred to the Committee on REVENUE & TAXATION- HOUSEMinor
- Apr 21FiledIntroduced
Taxes & BudgetHousing