- 777 Brickell Ave, Suite 500-99620, Miami, FL 33131
- offers@activeacres.com
- (754)-300-0612
February 28, 2025
Arkansas now restricts foreign-controlled entities from owning or leasing farmland located within ten miles of critical infrastructure sites. These changes, introduced through Act 810, are part of the state’s effort to safeguard both land and local security interests. If you’re fielding offers from out-of-state investors or international companies, it’s important to verify their eligibility before moving forward with the sale.
In early 2025, lawmakers proposed reducing the state sales tax rate slightly from 6.5% to 6.375%. While land sales are often exempt, this pending adjustment may still influence costs tied to legal fees, document preparation, or service providers. Sellers should keep an eye on how this measure progresses to avoid unexpected fees in closing costs (Source: Avalara).
The state has raised the homestead property tax credit to $600 starting this year. While this credit typically applies to primary residences, it can influence negotiations if you’re selling land with residential potential. Buyers may find added value knowing this credit is available, and sellers can use it as a selling point during discussions (Source: VitalLaw).
If your land includes timber-producing acreage, Arkansas continues to charge a flat fee of 20 cents per acre each year. This helps fund the state’s forestry department and fire prevention work. While the rate hasn’t changed, sellers should factor this into any deal involving wooded property, especially when discussing land costs with prospective buyers (Source: Arkansas DFA).
Arkansas law allows individuals to claim legal rights to a property after openly occupying it for at least seven years without permission. This legal concept, called adverse possession, can become a real issue for landowners who haven’t visited or maintained their rural land regularly. To avoid potential ownership disputes, sellers should inspect their land for any signs of unauthorized use well before they list it.
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