AR HB1703

Tax liens remain on property following transfer or change of possession until all taxes and accrued penalties are paid, with penalties and interest assessed under § 26-36-201 for failure to satisfy the lien.

County collectors may levy and collect taxes by distress and sale if delinquent taxes remain unpaid after a business sale or sale of business assets, goods, chattels, inventory, or equipment not in the ordinary course of business.

Property tax payment deadline changed from October 10 to October 15, affecting all installment payment schedules, penalty assessment dates, and delinquency determinations.

Taxpayers (except utilities and carriers) may pay current real and personal property taxes in installments in any amount between March 1 and October 15, but collectors cannot accept delinquent real property tax payments unless delinquent personal property taxes are paid in full.

Service members on active duty are exempt from penalty assessment during deployment plus one tax year after deployment ends.