Property Ownership
Real property taxes in Arkansas are paid:
AIn advance for the upcoming year
BIn arrears for the prior year✓ Correct
CMonthly to the county collector
DSemi-annually, with the first installment due in January
Explanation
Arkansas property taxes are paid in arrears — the tax bill paid in the current year is for the prior year's taxes. This is important for prorating taxes at closing.
Related Arkansas Property Ownership Questions
- Which type of lease gives the tenant possession of the property for a fixed period?
- The MARIA test for fixtures includes which of the following factors?
- An appurtenant easement benefits:
- A tenancy in common allows each co-owner to:
- A condominium owner holds:
- In Arkansas, a homestead exemption may reduce a property's assessed value for tax purposes by up to:
- Personal property becomes real property through the process of:
- A fee simple defeasible estate is best described as:
Practice More Arkansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arkansas Quiz →