07/15/2025
IMPORTANT ANNOUNCEMENT REGARDING THE RECENT COMPLETION OF THE SEBASTIAN COUNTY REVALUATION
The Sebastian County Assessor’s office and its appraisal contractors have completed the current countywide revaluation project.
WHAT DOES THIS MEAN?
Sebastian County, like most in the country, has experienced a dynamic period of growth over the last 5 years, which was characterized by rapid appreciation and high demand with low inventories of available properties. Our local market has since stabilized to a balanced and more sustainable climate. This shift in values will see a large majority of increase to the parcels in our county.
Below are a few questions and answers to help understand these notices and how they might affect you.
(1) HOW WILL I KNOW IF MY VALUE IS INCREASING?
The properties that are increasing in value, will begin receiving a notice of value change in the coming days. This notice will contain important information regarding the previous valuation, the new valuation and steps to contact with any questions.
(2) WHAT DOES THIS VALUATION INCREASE MEAN IF I HAVE THE HOMESTEAD?
Amendment 79 provides an up to $600 tax credit off your tax bill and the following capped increase protection for the homesteaded property:
If you are neither 100% Disabled or 65+ years of age, your homesteaded parcel will not increase by more than 5% annually, regardless of the value increase from the reappraisal. Any new construction or additions to current parcels will be added to the value and then the capped increase will begin from that value.
(3) WHAT IF I AM 65 YEARS OR OLDER OR 100% DISABLED? I THOUGHT MY ASSESSED VALUE WAS FROZEN?
If you are 65+ or 100% Disabled, your assessed value will remain frozen on your homesteaded parcel. This protects you against any increases related to the revaluation of your property, unless there’s new construction or additions.
(4) WHAT IF I AM 100% DAV? I THOUGHT I WAS EXEMPT FROM PROPERTY TAXES ON MY HOMESTEADED PARCEL?
If you are 100% DAV, you will receive a notice, but this increase will not affect your exemption on your homesteaded parcel.
(5) WHAT ABOUT COMMERCIAL OR NON HOMESTEADED RESIDENTIAL PROPERTY, ARE THEY PROTECTED FROM LARGE INCREASES TO ASSESSED VALUE?
Yes. Amendment 79 provides limitations to assessed value increases of no more than 10%, annually, to commercial or non homesteaded property. Any new construction or additions to current parcels will be added to the value and then the capped increase will begin from that value.
(6) WHAT IF I DON’T AGREE WITH THE VALUE OR WANT TO DISCUSS DISCREPANCIES TO MY PARCEL?
If you feel like the value is incorrect or our data doesn’t reflect the current situation of your property, you can informally appeal to the appraisal contractor TASC. Their contact information will be included on the backside of your notice of value change. Many disagreements can be handled this way, without having to move to the next stage of the appeals process.
Since the appraisals performed are based on the exterior of the properties, there will be some discrepancies that can be corrected during this informal appeal.
(7) WHAT IF I INFORMALLY APPEALED BUT STILL DISAGREE WITH THE VALUE?
Your next step would be to appeal the value before the Board of Equalization. This is a 9 member board, made up of citizens from the county. This board will hear appeals and make rulings based off data presented by both parties. These petitions are scheduled through the County Clerk’s office. The Clerk’s information can also be found on the back of the notice of value change.
