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Pulaski County Assessor's Office |
Janet Troutman Ward
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Assessment Coordination Department
REAL PROPERTY FAQ's
Q: What is Appraisal?
A: An appraisal is an opinion of market value as of a specific date.
Q: How are appraised values established?
A: Your property value is based on these two key factors:
1) Your property’s current use (such as home, business, unimproved land, etc...).
2) Your property’s characteristics: Location, Improvement Size (Total Living Area), Age (Effective Age of Property), Quality of Construction and Amenities (such as bathroom count, garage, carport, view, etc…).
Q: How do appraisers determine the market value of my property?
A: Our team of Level 4 State Certified Appraisers will inspect all properties to ensure that our records reflect actual property characteristics. They will then review and verify market sales and study cost and income data.
They will then complete a market analysis using our Computer Assisted Mass Appraisal (CAMA) software system (RealWare) by comparing properties of similar size, age, location and description. Finally, they will establish reappraisal values that reflect current market conditions as of the lien date for real property (January 1) of the appropriate reappraisal year.
Q: How does the general maintenance and condition of my property influence its value?
A: The market value of your property is not affected by the general maintenance of your property. Repairs (such as a new roof, fresh paint or landscaping neither add nor detract from the property value for assessment purposes. While these types of repairs can be costly, they are considered to be normal maintenance expenses that all properties incur over time.
Q: How will structural damage to my property influence its value?
A: When fire or structural damage causes a property to become structurally unsound, the appraised value may be affected. A field inspection of the property is required to determine the extent of the value impact.
Q: What do I do if I disagree with my property’s appraised value?
A: Please check out our Online Appeals link. For information on property tax relief, please check out our
Amendment 79 FAQ's page.
It is important to remember that buyers and sellers in the market establish market value, not the Assessor. The Assessor merely compares the verified sales to properties of similar size, age, location and description to complete the evaluation process. This ensures that property values reflect current market conditions as of the appropriate appraisal date.
Pulaski County Assessor | 201 South Broadway | Suite 310 | Little Rock, Arkansas 72201 | telephone: (501) 340-6170 | fax: (501) 340-6009 | All Rights Reserved