208 Main St
Newport, AR 72112
Hours: Monday – Friday 8AM-4:30PM
WHAT WE DO
The office of the Assessor has the following responsibilities to the Citizens of Hot Spring County:
- To locate all taxable property in the county and identify ownership.
- To establish a taxable value for all real and personal properties subject to taxation
- To complete an assessment roll showing the assessed values of all real and personal properties
- To apply all legal exemptions and Amendment 79 Homestead Act where applicable
State law mandates that all real and personal properties are subject to taxation unless otherwise exempted. Your property taxes support necessary services provided to the residents of Hot Spring County including law enforcement, fire protection, education, libraries and other vital services.
About Real Estate Taxes
The duty of the County Assessor is to appraise and assess all real property between the first Monday of January and the first of July. All properties in the County shall be assessed according to its value. Property taxes are based on the assessed value of your property. Property tax bills show land and improvement values. Improvements include all assessable buildings and structures on the land. It does not necessarily mean that you have recently “improved your property.”
About Personal Property Taxes
The duty of the County Assessor is to assess all tangible personal property for ad-valorem taxes between the first Monday of January and the Thirty First of May. This includes all residencies and businesses established in Hot Spring County during this time frame. All taxable tangible personal property assess-able during this period shall be assessed according to its market value as of the first day of January of the year of the assessment of the date of acquisition of the tangible personal property was acquired.
About Business Personal Taxes
Each business operating in the State of Arkansas is required by Arkansas State Law to assess all business personal property by May 31st. The Hot Spring County Assessor’s office mails all personal business forms January of the current assessment year to any businesses that assessed their property the previous year.
If a business closes please send the forms back, signed, with a short letter of when the business closed. If you need help completing the form, our office will be more than happy to assist with the completion of the form. Forms are available to download off the website. Forms, once completed, can be faxed, mailed, emailed or brought into our office as long as signature is legible and readable (if emailed).
Late penalties of 10% will apply if returned after May 31st.