FAQ Category: Personal Property Questions

The Ashley County Assessor sets the value for the county, according to the valuation tables that are mandated by the Assessment Coordination Department for the State of Arkansas.  Taxes are then calculated by taking 20% of market value (assessed value) and multiplying that by the local tax rate.

If you purchased the car before the deadline for assessing (May 31st) then it must be assessed by May 31st to avoid the 10% penalty fee for a late assessment.  Vehicles purchased in May have 30 days from the date of sale to assess without a penalty.

Property sold or disposed of prior to May 31st will be removed from assessment.  If you sell or dispose of property after May 31st it will remain on your assessment for the rest of the year.