This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

Closing Date Prorations in Arkansas

In Arkansas, closing date prorations for property taxes are governed by the seller's responsibility to pay all taxes levied for the year of sale, with no proration to the buyer. Arkansas Code § 26-35-501 assigns the entire annual tax liability to the seller, regardless of the closing date. This means the buyer does not reimburse the seller for any portion of the taxes at closing. The statute establishes a fixed rule rather than a formula based on days of ownership. The exact calculation is shown in the worked example below. To estimate your specific proration, use the DocketMath calculator.

Governing authority

In Arkansas, the closing date prorations rule is set by Ark. Code § 26-35-501. The verified packet cites Ark. Code § 26-35-501 (https://www.dfa.arkansas.gov/).

Arkansas closing date prorations: the verified value is 0% under Ark. Code § 26-35-501. The verified packet cites Ark. Code § 26-35-501 (https://www.dfa.arkansas.gov/).

Estimate your own result: every situation has exceptions that can change the outcome. Use the closing date prorations calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.