property tax

Arkansas House votes to increase homestead tax credit by $50

BY: - March 6, 2023

The Arkansas House of Representatives on Monday unanimously supported increasing the state’s homestead property tax credit from $375 to $425 a year. The credit reduces a homeowner’s property tax liability on their primary residence. The sponsor of the legislation, Rep. Lanny Fite (R-Benton), said that increasing sales tax collections means the state can afford to […]