Commercial & Business Property
Arkansas Commercial Property Tax Appeals
Office, retail, industrial, multifamily, and special-purpose buildings in Arkansas are frequently over-assessed. Here's how commercial assessments work, the deadline to challenge yours, and what it takes to win.
How commercial is assessed
Arkansas assesses all property, including commercial, at 20% of market value. A statutory cap limits annual taxable-value growth, so newly purchased or reappraised commercial can carry larger swings.
Burden of proof
The property owner (or their authorized agent) bears the burden of proving the assessment exceeds market value. The assessor's value is presumed correct until rebutted with credible evidence.
Key to a Arkansas commercial appeal: County Equalization Board, August window
Commercial appeals are heard by the County Equalization Board in its annual August session, with escalation to County Court. Reappraisal years are the moment to challenge a jump.
Arkansas Filing Deadline & Where to File
File With
County Equalization Board
Deadline
Third Monday in August (county) or within 30 days for state level
Window Opens
After assessment notices (typically August)
Typical Duration
1–3 months
Assessment ratio is 20% of market value. County boards meet annually in August. Can escalate to County Court within 30 days of board decision.
⚠️ Deadlines vary by county/municipality in Arkansas. Confirm the exact date for your property's jurisdiction before filing.
How commercial value is proven
Income-producing commercial property is usually valued by capitalizing net operating income (NOI ÷ market cap rate). The strongest appeals come with a clean rent roll, a trailing-12-month operating statement, current vacancy, and market cap-rate support. Where the property is owner-occupied or special-purpose, the cost and sales-comparison approaches carry more weight.
Evidence that wins a commercial appeal
- Current rent roll and a trailing-12-month operating statement
- Actual vacancy and collection loss (vs the assessor's stabilized assumption)
- Market capitalization rate support for the property type and submarket
- Recent arm's-length sales of comparable commercial buildings
- Evidence of physical, functional, or economic obsolescence
- Any change in use, tenancy, or condition since the assessment date
How to appeal a commercial assessment in Arkansas
- 1Pull the assessment — confirm the assessed value, the assessment ratio/class, and how the assessor derived it (income, cost, or sales).
- 2Build the valuation — capitalize actual net operating income and gather comparable sales to establish market value as of the assessment date.
- 3File before the deadline — submit to County Equalization Board by Third Monday in August (county) or within 30 days for state level, with the authorization signed by someone able to bind the owning entity.
- 4Present at the hearing — commercial hearings are evidence-driven; a clean income approach and credible comps carry the day.
Think your Arkansas commercial property is over-assessed?
We pull the assessment, build the income-approach case, and file the appeal. Fee: 20% of first-year savings — only if we win. Nothing upfront, and the reduction can hold for years.
Assessment ratios, class rates, and deadlines in Arkansas are set by statute and can change year to year, and often vary by county or municipality. Verify current figures and dates with your county assessor or clerk of the board before filing. This page is general information, not legal or tax advice. TaxedFairly is a product of WebLab LLC.