Arkansas Lawmakers Propose Raising Homestead Tax Credit

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State Sen. Steve Crowell, a Republican from Magnolia, and state Rep. Bart Schulz, a Republican from Cave City, have filed resolutions to raise the homestead property tax credit in Arkansas from the current $375 per parcel to $675 per parcel. The proposed increase is intended to provide more financial relief for homeowners across the state.

Why it matters

The homestead property tax credit is an important program that helps offset the burden of rising property taxes, especially for low-income and fixed-income homeowners. Increasing the credit amount could make a significant difference in household budgets and help keep more Arkansans in their homes.

The details

The resolutions, filed in the Arkansas State Legislature, would raise the homestead property tax credit from $375 per parcel to $675 per parcel. This credit is applied directly to a homeowner's property tax bill, reducing the overall amount owed. The proposed increase is a bipartisan effort, with both a Republican state senator and a Republican state representative sponsoring the measures.

• The resolutions were filed in the Arkansas State Legislature in April 2026.

What’s next

The resolutions will now go through the legislative process, with committee hearings and votes in both the state Senate and House. If passed, the increased homestead tax credit would take effect in the next tax year.