Sherwood property tax: where it goes
A Sherwood house pays 1.042% of its taxable value in property tax. For a house at $199,500 of market value, that's about $1,479 a year.
Tax is levied on assessed value, which in Arkansas is 20% of market value, times the total millage (1 mill = $1 per $1,000 of assessed value); the homestead credit then reduces the tax on a homestead.
Arkansas collects property taxes a year in arrears: bills for 2025 taxes were payable through Oct. 15, 2026 at the 2025 millage (the state's 2025 Millage Report for 2026 collections). The 2026 millage is billed in 2027.
Pay or manage it
Who taxes this house
| Taxing agency | Rate | On $199,500 |
|---|---|---|
| Pulaski County Special School District (40.7 mills) (schools) | 0.814% | $1,624 |
| City of Sherwood (1.3 mills) | 0.026% | $52 |
| Pulaski County (10.1 mills) | 0.202% | $403 |
| Arkansas homestead property tax credit | credit | −$600 |
| Total | 1.042% | $1,479 |
2025 tax year, payable 2026 (Pulaski County).
Ways to pay less
- Homeowners 65+ or disabled: freeze your assessed value. If you qualify for the homestead credit and are 65 or older or disabled, the taxable assessed value of your home can be frozen at its value at the next assessment date after you turn 65 or become disabled. Your tax can still change if millage rates change. How: Apply for the freeze with the county assessor's office.
Sources
- Arkansas DFA, 2025 Millage Report (2026 collections)
- Greene County Assessor (Arkansas 20% assessment)
- Arkansas DFA, Property tax relief
- Act 330 of 2025 (homestead credit $600)
Checked October 22, 2026. Every number here comes from the public sources listed, matched by our checker.
Rates change every year; this page shows when it was last checked. Nothing here is legal, tax or insurance advice.