Arkansas Code § 14-117-422 - Time for Payment of Taxes -- Installments

(a) All taxes levied under the terms of this chapter shall be deemed to be due and payable at any time from the third Monday in February to and including October 1 and shall be payable, at the option of the taxpayer, in installments as follows:

(1) The first installment of one-fourth (1/4) of the amount of the taxes shall be due and payable on and from the third Monday in February to and including the third Monday in April;

(2) The second installment of one-fourth (1/4) shall be due and payable on and from the third Monday in April to and including the third Monday in July; and

(3) The third installment of one-half (1/2) shall be due and payable on and from the third Monday in July to and including October 1.

(b) All such taxes remaining unpaid after the periods above specified shall be considered as delinquent.

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Last modified: November 15, 2016