Arkansas General Information For Agency Department Research and NTS 2001 System Set p

Overall State Process

County (Only) The county level officials administer and collect for all taxing jurisdictions. (County, municipality, school district and other is collected on one ill) !ire "istrict (#are)

Tax Officials
County Tax Collector administers the illing and collection of oth current $ delin%uent taxes. County &ssessor esta lishes values for all property 'ithin the county.

#esearch "etails
Jurisdiction Name. (Servicer or Non-Servicer Payment)
o o (xample ) &r*ansas County (Servicer Payment) o This jurisdiction is set up for payment of escro' loans. +t has economic loss date of ,-./ (xample ) &r*ansas County (0on1Servicer Payment) o This jurisdiction is set up for payment of 0on1escro' loans. +t has economic loss date of 2/-2/

These jurisdictions 'ould have the exact same content esides the economic loss dates. &r*ansas has 34oluntary5 and 3+nvoluntary5 taxes. 4oluntary taxes are optional. "o not include the voluntary taxes in the original 3Tax &mount5 due field.

Current Tax
Some &r*ansas taxing authorities release tax ills as early as the third 6onday in !e ruary7 ho'ever, most taxing authorities release ills in 6arch and &pril. Counties collect one year in arrears and improvement districts collect for the current year. 8o'ever, most improvement districts are collected on the county tax ill. The economic loss date ((9") for counties and improvement districts is Octo er 2/. &r*ansas o serves the follo'ing payment re%uirements: ; +f sufficient escro' funds 'ere provided, escro' taxes are due 'ithin </ days of the ill receipt date. +f financial institutions fail to comply, a 2/= penalty may e imposed. "ue ,-./ of each year ; 0on1escro' taxes are due Octo er 2>.

"elin%uent Tax - Sold Tax

& 2/= penalty is assessed. +nterest accrues on prior year delin%uencies at an annual rate of 2/= (calculated daily). The "eeds for parcels 'ith unpaid taxes after the Octo er 30on1Servicer5 due date for most &r*ansas counties are immediately eligi le to e turned over to the &r*ansas Commissioner of State 9ands the day after the due date. ?ecause of this, 0TS reports these "eed transfers as a 3Sold5 tax, (ST#@s are sent, in these cases) even though it is not a true tax sale. Some counties

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Arkansas General Information For Agency Department Research and NTS 2001 System Set p
may have a notice period, (./ days, for instance) so the County should e contacted in each case as there may still e time to pay the delin%uent taxes to the local collector. Once the notice period ends, if there is one, the "eed is transferred to the state. #edemption re%uires that a form e filled out and a notariAed copy of the deed and lienholder interest e su mitted 'ith this paper'or*, along 'ith payment to the &r*ansas Commissioner of State 9ands. Taxes for future due dates are not accepted y the local collector until the property has een redeemed from the state.

8elpful 8ints
&ll &r*ansas taxing authorities accept a B.S. postmar* as proof of timely payment. 6ost &r*ansas taxing authorities re%uire self1addressed stamped envelopes if receipt for tax payments must e returned to property o'ners. #eassessed every . Cears (.< months) &r*ansas &ssociation of Counties http:--'''.arcounties.org-

State Statutes
S:D&gency Ee pageDEe pageDState Statute filesD&#F&0S&S

#estricted Tax ?ill &reas

&r*ansas has no restricted tax ill areas.

"ate 2/-2G-2.

"ocument Section &ffected &ll

?asic "escription of Changes #estructure-Bpdate

+nitiated ?y Ops 6anagers

!inaliAed ?y 89

"ate &pproved 2/-2G-2.

History and Attestation Details

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