BERRYVILLE, Ark. (KY3) – Carroll County residents have until Aug. 15 to apply to adjust property value assessments that were mailed out last month.
Carroll County, Arkansas, has seen a lot of growth in the last five years, many believe that out-of-state buyers are moving to the area.
“We see a lot of Texans coming into my neighborhood in Eureka Springs,” said county resident Melinda Large. “It’s mainly elderly people who are at or near retirement age.”
“We’re going to get a lot of people from Texas to come in and buy this Arkansas land,” said Carroll County Assessor Jennie Davidson. “It’s hard to know exactly why that is, but what we often see is that those buyers are selling for more than what they were previously selling.”
The county assessor’s office was in the middle of the reappraisal year, and many homeowners saw significant increases as homes sold for double their purchase price.
“Unprecedented sales, especially anything on Beaver Lake, the city of Eureka Springs is a hot spot,” Jenny Davidson said. “Affordable housing is an issue enough for younger generations who want to stay here, and as purchases continue to drive up the market, it will only increase.
Davidson said the average homeowner sees a 40% increase in value with their property reassessed in an effort to bring the county into line with the current market.
But I know it was a seller’s delight and it led to a reassessment which is the assessment we’re all getting paperbacks at now. “It comes with home ownership. Yes, there are always re-evaluations. You should read it very carefully. Because if you don’t, you have a very short window of time to ask for anything again.”
Currently, many residents are moving through the county; Following the reassessment notices sent last month.
“If you’re not happy with your evaluation, you have the opportunity to go to the EQ board, they’ll schedule you, and we have a lot of things that happen on days and days of appointments,” Davidson said. “If you think you’re being overtaxed, you should definitely come in and at least plead your case.”
To begin the process, you will need to contact the assessor or county clerk’s office to receive an adjustment application.
Carroll County Assessors Office: (870) 423-6400
Carroll County Clerk’s Office: (870) 423-2022
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