LITTLE ROCK – The University of Arkansas System Division of Agriculture offers up-to-date information on the property tax, including revenue, assessments and rates, all available online.
Updated publications showing the sources and beneficiaries of property tax revenue are now available, for all 75 Arkansas counties and the state, at https://www.uaex.edu/business-communities/government-policy/local-government-finance.aspx, according to a news release.
The publications also provide information on property assessments, property tax rates (millage) and the property tax burden compared among counties and to other states in the nation.
Visitors to the site can see the sources and beneficiaries of property tax revenue in their counties, compare their local property tax rate (millage) with those in neighboring counties, compare the property tax burden among Arkansas counties with other states in the nation and more, said Wayne Miller, professor and extension economist for the Division of Agriculture.
“While the property tax may be unpopular, communities rely on the property tax to generate a substantial share of revenue that funds local schools, county and city governments,” Miller said. “No one likes to pay taxes, but we like good schools for our children, good roads and safe communities.”
According to key findings from the Division of Agriculture’s Community and Economic Development Department’s most recent publication, property tax revenue generated $2.3 billion statewide for county and city governments and school districts in 2016.
Seventy-seven percent ($1.7 billion) of this revenue went to school districts,…
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