After a deadly tornado tore through Faulkner County Sunday night, causing mass devastation to hundreds of homes, Faulkner County Assessor Angela Hill wants to make sure people aren’t taxed for personal property lost in the storm.
When a storm happens at a time when property taxes are due there are always questions about how the tornado affects it, said Faulkner County Civil Attorney David Hogue.
Personal property included in the assessment consists of cars, trucks, motorcycles, RVs, boats, Sea-Doos, watercraft, farm equipment, trailers and utility trailers.
“When they notify us of their assessment for the current year, let us know what items were lost due to the tornado and those particular items will not be updated,” Hill said.
Faulkner County residents who have already assessed their property, but lost it in Sunday’s tornado, can contact the property assessor’s office to have it removed from their assessment by phone or email.
Property assessment personnel will need the person’s name, address and a description of the property including the year and model.
“If they have multiple of the same, I’ll need the [vehicle identification] number,” Hill said.
According to Arkansas law . . . taxable tangible personal property disposed of by a resident and a business, during the period between January 1 and May 31, if assessed for that year, shall be removed from the assessment rolls, and, if not assessed, shall not be deemed assessable for that year.
The law says it shall be the responsibility of the property owner to provide the county assessor with notification, and, upon request from the county assessor, proof of the disposal.
The deadline to assess personal property is May 31, and Hill said despite the tornado, the deadline will remain the same.
Hill is sending information to the Arkansas Assessment Coordination Department asking for their response on a request from tax payers to extend the deadline, she said.
“I’m varying with the state if there is any provision for extending the deadline,” she said, “but according to state law the deadline is May 31.”
For homes destroyed by the tornado, real estate field appraisers will be making their way out in the coming weeks to identify parcels, Hill said.
“If someone wants to contact us about damage to their property we will flag it,” she said.
Real estate assessments are to be completed by July 1, but real estate field appraisers will be in the field soon, Hill said.
“We don’t want to be in the way of the power crews and others working in the area,” she said.
Real estate field appraisers will need to go out and get pictures of each property, then come back and do the office work.
“Given the amount of parcels that need to be reviewed its hard to give a time line,” Hill said.
Current Faulkner County budgets are based on 2013 assessments, and are unaffected by the tornado.
“2014 value changes due to the tornado will be reflected on the bills payable in 2015 for the 2014 year,” Hill said.
Hill said the county school districts will be most affected by the value changes, but cannot yet estimate how much that change may be.
Initial personal property assessments can be made on the property assessment website, but for property that needs to be removed, individuals must call or email.
or click on the Assess Online link at www.faulknercounty.org/assessor.
Damaged property descriptions with photos should be sent to: email@example.com.
Property descriptions that need to be removed from submitted personal property assessments should be sent to: