Gov. Hutchinson: Prepayment of Property Taxes up to County Officials

FAYETTEVILLE, Ark. (KNWA) -- Arkansans wanting to prepay their property taxes to take advantage of deductions before the new tax reform law goes into effect need to speak with county officials, Gov. Asa Hutchinson said on Wednesday. 

The new law caps the amount taxpayers can deduct for state, local and property taxes at $10,000. As a result, some taxpayers, including Arkansans, are trying to prepay their property taxes before the new law goes into effect so they can get the maximum benefit from deducting their property taxes. 

Hutchinson said responsibility for paying property taxes is handled at the county level. 

"Property owners wishing to pay in advance are advised to contact the county officials where the property is located," he said. 

Hutchinson continued, "Under the constitution of our state, property taxes are purely local in nature, and the decision on when and how to accept prepayment of property taxes must be posed to local officials, who can best judge whether they have the authority necessary to accept early payment.”

The Washington County Tax Collector's office said it would not be accepting prepayment of property taxes.

County officials said:

 "Arkansas law articulates that property taxes shall be due and payable on  and from the first business day in March to and including October 15, and thus does not allow a provision for the prepayment of taxes. By setting the beginning and ending date, which allows for payment, the statute does not contemplate taking payments now for taxes which will be due next year. The taxes which will be due in 2018 have not yet been calculated." 

For a list of Arkansas counties and tax collectors, click here


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