Amendment 79 Tax Credit Information
- In November 2000, Amendment 79 was passed by the voters. This amendment allowed a credit of up to $300 on general taxes only, for an eligible taxpayer's real estate tax bill for the 2000 tax year and future years. The 2007 regular session of the Legislature passed Act 142, which increased the credit to $350.
- Are you 65 years or older? Under the provisions of Arkansas Constitution Amendment 79, the assessed value of a homestead used as a principal place of residence and owned by a taxpayer who is disabled or 65 years of age or older shall not increase. Call the Assessor's Office for more information at (501) 340-6168. The Assessor maintains permanent address information for all tax parcels. Contact that office for any changes.
A homestead is defined as:
- A dwelling which is used as his or her principal place of residence.
A dwelling owned by a revocable trust and used as the principal place of residence of the person who formed the trust.
- Each County Assessor shall be responsible for identifying the parcels of real estate property which are used as a homestead residence prior to issuing the tax bills.
If there is a question on the eligibility status of a property, please call the Assessor's Real Estate Department at (501) 340-6170 or go to Pulaski County Assessor.
- The credit will only affect the general (ad valorem) taxes for the 2000 tax year and thereafter. If there are delinquent real estate taxes on the account, the credit will only be reflected on the 2000 and future year amounts.
- Only "general taxes" of a qualifying real estate tax bill are eligible for the credit. Special improvement taxes, timber taxes or personal property taxes are not eligible for this credit.
- The amount of real estate taxes on an eligible homestead may be reduced by up to $350. In the event that a taxpayer's tax bill is less than $350, there will not be any taxes due for the tax year. In addition, the "remaining credit" shall not be transferred to any other account nor will there be any monetary refunds.