reglab/statecodes huggingface dataset:
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 11 - ASSESSMENT OF PROPERTY GENERALLY (§§ 26-26-1101 — 26-26-1125) › Section 26-26-1115 - Apportionment of realty taxes

(a)
(1)
When a person acquires ownership of a portion of a parcel of realty during the time of year when the county assessor is not making changes in the assessment book, that person may request the county assessor to apportion the current assessment between the remaining portion of the parcel and that acquired by the person making the request; provided, however, that:
(A)
All necessary deeds and papers proving ownership of the portion have been filed with the county recorder;
(B)
No provision has been made for payment of taxes on the realty at the time the person acquired the portion; and
(C)
The request is made at least thirty (30) days before the last day to pay taxes on the assessment year in question.
(2)
The request shall be in writing, signed by the owner, and shall include a complete legal description of the entire parcel and a complete legal description of the parcel being conveyed.
(b)
The provisions of this section shall not apply to any parcel of realty on which there is an actual tax delinquency at the time the request for allocation is made.
(c)
The county assessor shall allocate the assessment within thirty (30) days after the request and shall provide the information included in the allocation to the county collector.
(d)
(1)
The county collector, after receiving notification of the allocation, shall accept payment in full toward any prior year's taxes currently due according to the values provided in the notification.
(2)
Payment may be applied to the current tax bill as a partial payment, or a separate parcel number may be assigned to the portion and receipted to the new number.
(e)
Payment shall be considered as satisfying the tax lien for that portion of the prior year's taxes as legally defined in the notification.
Acts 1993, No. 859, § 1.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 11 - ASSESSMENT OF PROPERTY GENERALLY (§§ 26-26-1101 — 26-26-1125) › Section 26-26-1120 - Disabled persons - Definition

(a)
As used in Arkansas Constitution, Amendment 79, "disabled person" means a person who:
(1)
Is disabled for purposes of Title XIX of the Social Security Act,
42 U.S.C. § 1396
et seq., as in effect on January 1, 2003, for any period during the calendar year;
(2)
Is a permanently and totally disabled veteran as defined by
38 C.F.R. § 4.1
et seq., Part IV, as in effect on January 1, 2003; or
(3)
Has received permanent and total disability insurance benefits for any period of time during the calendar year.
(b)
(1)
When a disabled person or a person sixty-five (65) years of age or older sells his or her real property, the purchaser shall not be entitled to claim any reduction to the real property's assessed value.
(2)
On or after January 1 of the year following the date of the sale, the county assessor shall assess the real property at its full market value, unadjusted for assessment limitations required by Arkansas Constitution, Amendment 79.
Acts 2001, No. 1544, § 5; 2003, No. 646, § 1.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 11 - ASSESSMENT OF PROPERTY GENERALLY (§§ 26-26-1101 — 26-26-1125) › Section 26-26-1121 - Determination of millage rollback

(a)
To determine whether a rollback of millage rates is required under Arkansas Constitution, Article 16, § 14, each taxing entity shall compare the adjusted taxable assessed values of the real and personal property in the current year to the adjusted taxable assessed values of the real and personal property in the preceding year.
(b)
To calculate the millage rollback, the adjusted taxable assessed value of the real property in the current year shall be compared to the adjusted taxable assessed value of real property in the preceding year.
Acts 2001, No. 1793, § 2.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 11 - ASSESSMENT OF PROPERTY GENERALLY (§§ 26-26-1101 — 26-26-1125) › Section 26-26-1122 - Definitions

(a)
As used in this subchapter and in Arkansas Constitution, Amendment 79:
(1)
"Assessed value" means twenty percent (20%) of the appraised value of the real property;
(2)
(A)
"Homestead" means the dwelling of a person that is used as his or her principal place of residence with the contiguous land, excluding all land valued as agricultural land, pasture land, or timberland.
(B)
"Homestead" includes:
(i)
A dwelling owned by a revocable or irrevocable trust and used as the principal place of residence of the person who formed the trust;
(ii)
A dwelling owned by an irrevocable trust and used as the principal place of residence of a beneficiary of the trust, as evidenced by submitting a signed, notarized, and file-marked copy of the irrevocable trust to the county assessor; and
(iii)
A dwelling owned by a limited liability company whose members are either a married couple or otherwise no more than one (1) natural person, at least one (1) of whom claims the homestead tax credit under §
26-26-1118
and uses the dwelling as his or her principal place of residence;
(3)
"New construction" means changes to real property that have occurred to real property already on the assessment roll;
(4)
"Newly discovered real property" means real property that has never been on the assessment roll or that has changed use; and
(5)
(A)
"Property owner" means a person who is:
(i)
The owner of record of real property or the mortgagee of the real property;
(ii)
A buyer under a recorded contract to purchase real property; or
(iii)
A person holding a recorded life estate in real property.
(B)
"Property owner" includes the previous record owner of tax-delinquent real property that has vested in the State of Arkansas in care of the Commissioner of State Lands under §
26-37-101(c)
if the previous record owner continues to occupy the residence subject to his or her right of redemption.
(b)
The Assessment Coordination Division may by rule define the term "substantial improvements" and any other term necessary to administer this subchapter.
Amended by Act 2023, No. 541,§ 2, eff. 8/1/2023, app. for assessment years beginning on or after January 1, 2024.
Amended by Act 2019, No. 831,§ 1, eff. for assessment years beginning on or after 1/1/2019.
Amended by Act 2017, No. 49,§ 2, eff. 1/26/2017.
Acts 2005, No. 1268, § 2.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 11 - ASSESSMENT OF PROPERTY GENERALLY (§§ 26-26-1101 — 26-26-1125) › Section 26-26-1123 - Sale of real property

(a)
When a person sells his or her real property, the county assessor shall assess the real property at twenty percent (20%) of the appraised value at the next assessment date after the date of the transfer of title to the real property.
(b)
The owner of real property to whom title is transferred by a sale is not entitled to claim any limitation on the assessed value of the real property until the second assessment date after the date of the transfer of title to the real property.
(c)
This section does not apply to any transfer of title to real property claimed as a homestead in which the owner or beneficiary of the homestead retains a life-estate interest in the homestead following the transfer of title to the real property.
Acts 2005, No. 2284, § 1; 2007, No. 827, § 203.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 11 - ASSESSMENT OF PROPERTY GENERALLY (§§ 26-26-1101 — 26-26-1125) › Section 26-26-1124 - Property tax relief for persons disabled or more than sixty-five years of age

(a)
(1)
A homestead used as the taxpayer's principal place of residence that is purchased or constructed on or after January 1, 2001, by a person who is disabled or by a person sixty-five (65) years of age or older shall be assessed for property tax thereafter based on the lower of:
(A)
The assessed value as of the date of purchase or construction; or
(B)
A later assessed value.
(2)
When a person becomes disabled or reaches sixty-five (65) years of age on or after January 1, 2001, the person's homestead that is used as the taxpayer's principal place of residence shall thereafter be assessed based on the lower of:
(A)
The assessed value on the person's sixty-fifth birthday;
(B)
The assessed value on the date the person becomes disabled; or
(C)
A later assessed value.
(3)
If a person is disabled or is at least sixty-five (65) years of age and owns a homestead used as the taxpayer's principal place of residence on January 1, 2001, the homestead shall be assessed based on the lower of:
(A)
The assessed value on January 1, 2001; or
(B)
A later assessed value.
(b)
Residing in a nursing home does not disqualify a person from the benefits of subsection (a) of this section.
(c)
If a homestead is jointly owned and one (1) of the owners qualifies under subsection (a) of this section, then all owners shall receive the benefits of subsection (a) of this section.
(d)
Subsection (a) of this section does not apply to substantial improvements to real property.
Acts 2009, No. 151, § 2.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 11 - ASSESSMENT OF PROPERTY GENERALLY (§§ 26-26-1101 — 26-26-1125) › Section 26-26-1125 - Guidelines for assessing property - Noncompliance

(a)
The Assessment Coordination Division shall:
(1)
Establish mandatory guidelines for county assessors to follow in:
(A)
Identifying property that is exempt from ad valorem taxation; and
(B)
Assessing business inventory;
(2)
Adopt rules necessary for:
(A)
The general guidance and assistance of county assessors in identifying exempt property and assessing business inventory; and
(B)
Determining when a county is noncompliant with the rules established by the division under this section;
(3)
Confer with and assist county assessors in identifying exempt property and assessing business inventory to ensure that all assessments of property are just and uniform throughout the state;
(4)
Prescribe any forms necessary to assist county assessors in uniformly identifying exempt property and assessing business inventory;
(5)
Monitor each county's compliance with the rules established by the division under this section; and
(6)
As soon as is practicable, notify immediately the Legislative Council or, if the General Assembly is in session, the Joint Budget Committee, when a county is determined to be noncompliant with the rules established by the division under this section.
(b)
A county assessor shall:
(1)
Assess property in accordance with the rules adopted by the division; and
(2)
Use only a form that is prescribed or approved by the division to identify exempt property or assess business inventory.
(c)
Upon receiving notification under subdivision (a)(6) of this section, the Legislative Council or, if the General Assembly is in session, the Joint Budget Committee, may recommend to the General Assembly that a noncompliant county's funds under §
26-26-310(b)(2)(C)
that are to be allocated to the county assessor be reduced or withheld until the county becomes compliant under this section.
Added by Act 2019, No. 819,§ 16, eff. 5/1/2021.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 12 - VALUATION OF PROPERTY (§§ 26-26-1201 — 26-26-1207) › Section 26-26-1201 - Date of valuation

All property in this state shall be assessed by the authorized authorities according to its value on January 1. However, stocks of merchants and manufacturers shall be assessed at the value of the average stock in possession or under control during the year immediately preceding January 1 of the year in which assessment is required.
Acts 1929, No. 172, § 1; Pope's Dig., § 13680; A.S.A. 1947, § 84-426.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 12 - VALUATION OF PROPERTY (§§ 26-26-1201 — 26-26-1207) › Section 26-26-1203 - Merchants

(a)
Any person owning or having in his or her possession or under his or her control, within this state, with authority to sell it, any personal property purchased with a view to its being sold at a profit, or which has been consigned to him or her from any place out of this state, to be sold within this state, shall be held to be a merchant for the purpose of this valuation.
(b)
(1)
The property shall be listed for taxation and in estimating the value the merchant shall take the average value of the property in his or her possession or under his or her control during the year immediately preceding January 1 of the year in which the assessment is made.
(2)
If the merchant has not been engaged in the business for one (1) year, then he or she shall take the average valuation during such time as he or she shall have been so engaged.
(3)
If the merchant is commencing business, he or she shall take the value of the property at the time of assessment.
Acts 1883, No. 114, § 26, p. 199; 1887, No. 92, § 10, p. 143; C. & M. Dig., § 9942; Pope's Dig., § 13726; A.S.A. 1947, § 84-429.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 12 - VALUATION OF PROPERTY (§§ 26-26-1201 — 26-26-1207) › Section 26-26-1204 - Accounts and notes included in merchant's valuation

Each merchant in giving a list of value of personal property as provided in §
26-26-1203
shall include in the valuation all good balances of accounts on his or her books and all notes at their true value in money, and the list shall be rendered under oath as prescribed in cases of personal property.
Acts 1883, No. 114, § 27, p. 199; C. & M. Dig., § 9943; Pope's Dig., § 13727; A.S.A. 1947, § 84-430.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 12 - VALUATION OF PROPERTY (§§ 26-26-1201 — 26-26-1207) › Section 26-26-1205 - Manufacturers

(a)
Every person who shall purchase, receive, or hold personal property of any description for the purpose of adding to the value thereof by process of manufacturing, refining, rectifying, or by combination of different materials, with a view of making a gain or profit by so doing, shall be held to be a manufacturer. He or she shall make out and deliver to the county assessor a sworn statement of the amount of his or her other personal property subject to taxation, also including in his or her statement the average value, estimated as provided in §
26-26-1203
, of all articles purchased, received, or otherwise held for the purpose of being used, in whole or in part, in any process or operation of manufacturing, combining, rectifying, or refining which from time to time he or she shall have on hand during the year next previous to the time of making the statement, if so long he or she shall have been engaged in such manufacturing business, and, if not, then during the time he or she shall have been so engaged.
(b)
Every person owning a manufacturing establishment of any kind and every manufacturer shall list as a part of his or her manufacturer's stock the value of all engines and machinery of every description, used or designed to be used for the indicated purpose.
Acts 1883, No. 114, § 28, p. 199; C. & M. Dig., § 9944; Pope's Dig., § 13728; A.S.A. 1947, § 84-431.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 12 - VALUATION OF PROPERTY (§§ 26-26-1201 — 26-26-1207) › Section 26-26-1206 - Federally funded housing for certain persons - Definitions

(a)
Housing owned and operated by a nonprofit corporation or association for occupancy or use by an elderly person or a person with a disability, the construction of which is financed by the United States, shall be valued, for purposes of assessment, on the basis of the equity owned in the housing by the nonprofit corporation or association.
(b)
As used in this section, unless the context otherwise requires:
(1)
"Elderly person" means a person sixty-two (62) years of age or older and the spouse of that person;
(2)
"Equity" means the market value of the housing less any mortgage indebtedness to the United States;
(3)
"Housing" means structures consisting of eight (8) or more residential units for occupancy and use by an elderly person or a person with a disability, including essential contiguous land and related facilities, as well as all personal property of the corporation or association used in connection with the facilities;
(4)
"Nonprofit corporation or association" means any corporation or association incorporated under the laws of this state not otherwise exempt from general ad valorem, real, and personal property taxes, operating a housing facility or project qualified, built, and financed by the United States under § 202 of the National Housing Act of 1959, as amended,
12 U.S.C. § 1701q
; and
(5)
"Person with a disability" means any adult having an impairment which is expected to be of long, continued, and indefinite duration; is a substantial impairment to his or her ability to live independently; and is of a nature that such ability to live independently would be improved by more suitable housing conditions and shall include an adult who is a person with a developmental disability.
Amended by Act 2023, No. 503,§ 14, eff. 8/1/2023.
Acts 1967, No. 454, §§ 1, 2; 1981, No. 261, §§ 1, 2; A.S.A. 1947, §§ 84-481, 84-482.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 12 - VALUATION OF PROPERTY (§§ 26-26-1201 — 26-26-1207) › Section 26-26-1207 - Motor vehicle dealer inventory

(a)
The General Assembly recognizes that motor vehicles are unique in regard to the procedure for assessment of personal property taxes, registration and titling, and payment of sales taxes and that there is a correlation between sales of motor vehicles by motor vehicle dealers and the valuation of motor vehicle inventory.
(b)
The method of determining the average value of inventory of motor vehicle dealers in accordance with §
26-26-1201
and §
26-26-1203(b)
shall be as provided in this section.
(c)
The assessment of motor vehicle inventories of motor vehicle dealers shall be determined by calculating the monthly average of the number of sales of new and used motor vehicles by the dealer and multiplying the average by the unit inventory value.
(d)
The unit inventory value shall be based on the typical new and used car values by name of manufacturer as set forth in the
Arkansas Commercial Personal Property Appraisal Manual
published in the year prior to the year of assessment by the Assessment Coordination Division.
Acts 1993, No. 1124, §§ 1, 2; 1997, No. 1036, § 1.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 13 - REASSESSMENT OF PROPERTY (§§ 26-26-1301 — 26-26-1308) › Section 26-26-1301 - Order upon complaint

(a)
Whenever, upon the complaint made to the Arkansas Public Service Commission by the county judge, county assessor, or county equalization board of any county or upon the commission's own investigation and motion, and a summary hearing in that behalf had, it shall be made to appear satisfactorily to the commission that the assessment of the property in any county, or district or subdivision thereof, is not in substantial compliance with law and that the interest of the public will be promoted by a reassessment of the property, then the commission shall have authority, at its discretion, to order a reassessment of all or any part of the taxable property in the county, or district or subdivision thereof, to be made by the local assessment officers, or to cause a reassessment to be made by a person to be recommended by the county judge and appointed by the commission for that purpose.
(b)
Due notice of the time and place fixed for a hearing upon any complaint made as indicated shall be mailed, at least fifteen (15) days before the time fixed for the hearing, to the county judge and county assessor of the county affected, and the county judge shall immediately cause the notice to be published, at the expense of the county, in a newspaper having a general circulation in the county and district.
Acts 1927, No. 129, § 29; Pope's Dig., § 2055; A.S.A. 1947, § 84-464.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 13 - REASSESSMENT OF PROPERTY (§§ 26-26-1301 — 26-26-1308) › Section 26-26-1302 - Qualification of appointees

Persons appointed to make the reassessment shall qualify without delay by severally subscribing to an oath or affirmation to support the United States Constitution and the Arkansas Constitution, and to faithfully perform the duties imposed by any order of reassessment to the best of their ability, and shall file it with the Arkansas Public Service Commission.
Acts 1927, No. 129, § 29; Pope's Dig., § 2055; A.S.A. 1947, § 84-464.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 13 - REASSESSMENT OF PROPERTY (§§ 26-26-1301 — 26-26-1308) › Section 26-26-1303 - Power and authority

(a)
Any person appointed to reassess the property or any class of property in any county, or district or subdivision thereof, shall have all the power and authority given by law to deputy county assessors and shall perform all the duties and be subject to all restrictions and penalties imposed by law upon deputy county assessors.
(b)
(1)
Appointees shall have access to all public records and files which may be needful or serviceable in the performance of the duty imposed and while engaged in this duty shall be entitled to have the custody and possession of the assessment roll containing the original assessment in the district and all other statements and memoranda relative thereto.
(2)
A blank assessment roll, if necessary, and all property statements and other blank forms needful for the purpose of reassessment shall be furnished by the county clerk at the expense of the county.
Acts 1927, No. 129, § 29; Pope's Dig., § 2055; A.S.A. 1947, § 84-464.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 13 - REASSESSMENT OF PROPERTY (§§ 26-26-1301 — 26-26-1308) › Section 26-26-1304 - Compensation

(a)
For their services in making any reassessment of property pursuant to the order of the Arkansas Public Service Commission, local assessment officers shall receive no compensation other than the salary or fees allowed by law for making the original assessment; but when the person making any reassessment does not officially serve the county, or district or subdivision thereof, compensation for which service is elsewhere provided, then each person so employed shall receive five dollars ($5.00) per day for each day's services.
(b)
Claims for services shall be presented, audited, and paid as are other claims against the county.
Acts 1927, No. 129, § 30; Pope's Dig., § 2056; A.S.A. 1947, § 84-465.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 13 - REASSESSMENT OF PROPERTY (§§ 26-26-1301 — 26-26-1308) › Section 26-26-1305 - Effect of reassessment

Any reassessment shall, when completed, be treated exactly as an original assessment and be subject to equalization by the county equalization board and to appeals from the action of any officer having to do with the reassessment as are provided by law in the case of original assessments.
Acts 1927, No. 129, § 29; Pope's Dig., § 2055; A.S.A. 1947, § 84-464.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 13 - REASSESSMENT OF PROPERTY (§§ 26-26-1301 — 26-26-1308) › Section 26-26-1306 - Liability for expenses

(a)
Funding to a county provided through the Assessment Coordination Division for the reappraisal of real property, whether the reappraisal of real property is a review of existing data or an extensive reappraisal in which every improvement is measured, shall be for the actual appraisal cost, not to exceed seven dollars ($7.00) per parcel per year.
(b)
(1)
The expense of any reassessment in excess of seven dollars ($7.00) per parcel per year shall be borne by the county in which is situated the district or districts so reassessed.
(2)
The expenses borne by the county under subdivision (b)(1) of this section shall not be paid from any funds appropriated to the county by the state.
Amended by Act 2023, No. 370,§ 8, eff. 7/1/2023.
Acts 1927, No. 129, § 29; Pope's Dig., § 2055; A.S.A. 1947, § 84-464.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 13 - REASSESSMENT OF PROPERTY (§§ 26-26-1301 — 26-26-1308) › Section 26-26-1307 - Notice of reappraisal

(a)
(1)
Prior to any countywide reappraisal of property for ad valorem tax purposes, the county assessor or the county assessor's employees or agents shall notify the property owners of the county assessor's intent to reappraise at least forty-five (45) calendar days prior to the reappraisal.
(2)
Prior to any reappraisal of an individual's property for ad valorem tax purposes other than a countywide reappraisal under subdivision (a)(1) of this section, the county assessor or the county assessor's employees or agents shall give the property owner reasonable notice of the county assessor's intent to reappraise the property owner's property.
(3)
The notice required by this section may be accomplished by publication in newspapers, by radio, by television, by direct mail, or by any other reasonable means.
(b)
(1)
If a reappraisal under subsection (a) of this section results in an increase in the assessed value of the property, the county assessor shall note in writing on the assessment records the:
(A)
Justification for the increase;
(B)
Date the property was inspected; and
(C)
Details of the inspection.
(2)
The records of the appraisal shall be public records subject to inspection under the Freedom of Information Act of 1967, §
25-19-101
et seq.
(c)
Any property owner whose property is reappraised under this section may appeal to the county equalization board, and the county equalization board is required to grant an adequate hearing on the appeal.
Acts 1999, No. 416, § 1.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 13 - REASSESSMENT OF PROPERTY (§§ 26-26-1301 — 26-26-1308) › Section 26-26-1308 - Limitations on reappraisals

(a)
(1)
Except as provided in subdivision (a)(2) of this section, property shall not be reappraised for ad valorem tax purposes more than one (1) time every five (5) years unless the reappraisal is the result of a countywide reappraisal.
(2)
Producing mineral interests shall be reappraised annually for ad valorem tax purposes.
(b)
In the event that there is a countywide reappraisal of property for ad valorem tax purposes in any county, taxes shall not be assessed on the basis of the reappraised value of any property in the county until all taxable property in the county has been reappraised.
(c)
When a countywide reappraisal of property is completed in any county and taxes are first assessed on the newly reappraised values, the provisions of Arkansas Constitution, Amendment 59, and §
26-26-401
et seq. relative to the adjustment or rollback of millage levied for ad valorem tax purposes shall be applicable.
(d)
Newly discovered real property, new construction and improvements to real property, and personal property shall be listed, appraised, and assessed as otherwise provided by law until the countywide reappraisal of property is completed.
Amended by Act 2013, No. 1520,§ 1, eff. for assessment years beginning on or after January 1, 2014.
Acts 1999, No. 1444, § 1.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 14 - TANGIBLE PERSONAL PROPERTY (§§ 26-26-1401 — 26-26-1409) › Section 26-26-1401 - Purpose

(a)
It is the purpose and intent of this subchapter to reduce the number of persons avoiding the payment of tangible personal property taxes by moving from one county to another within the state or by moving outside the state between the time of assessing property for taxes and the time of collecting taxes thereon by establishing a system that reduces the time period from the date of assessment to the date of collection.
(b)
It is further the intent of this subchapter that, when personal property taxes are paid in advance as provided for in this subchapter, the normal procedures carried out by the various county officials and state officials with respect to property taxes shall continue in effect, and, if it is determined through the normal procedures presently in effect that any person who paid personal property taxes in advance overpaid such taxes, the overpayment will be refunded to the taxpayer, and that, if the advance payment of the tangible personal property taxes by a taxpayer is an underpayment of the tax, the taxpayer will be billed for the additional amount due.
(c)
It is further the intent of this subchapter that the taxpayer will be required to furnish proof of payment of tangible personal property taxes as a condition for registering or renewing the registration of any motor vehicle.
Acts 1981, No. 927, § 1; A.S.A. 1947, § 84-494; Acts 1987, No. 621, § 1.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 14 - TANGIBLE PERSONAL PROPERTY (§§ 26-26-1401 — 26-26-1409) › Section 26-26-1402 - Applicability

The provisions of this subchapter shall not be applicable to taxpayers whose property is subject to assessment by the Tax Division of the Arkansas Public Service Commission.
Acts 1981, No. 927, § 9; A.S.A. 1947, § 84-494.8.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 14 - TANGIBLE PERSONAL PROPERTY (§§ 26-26-1401 — 26-26-1409) › Section 26-26-1403 - Effective date

The provisions of this subchapter shall be effective beginning with the year in which the statewide reappraisal of taxable property as ordered in Arkansas Public Service Commission et al. v. Pulaski County Board of Equalization et al., and the roll back or adjustment of millage is completed in all counties in this state, as contemplated in Arkansas Constitution, Amendment 59.
Acts 1981, No. 927, § 10; A.S.A. 1947, § 84-494.9.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 14 - TANGIBLE PERSONAL PROPERTY (§§ 26-26-1401 — 26-26-1409) › Section 26-26-1404 - Provisions supplemental

The provisions of this subchapter shall be supplemental to any other laws of this state relating to the assessment and collection of ad valorem taxes on property and shall be deemed to repeal or modify only those laws in direct conflict with it.
Acts 1987, No. 621, § 9.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 14 - TANGIBLE PERSONAL PROPERTY (§§ 26-26-1401 — 26-26-1409) › Section 26-26-1405 - Rights and responsibilities not limited

(a)
Nothing contained in this subchapter shall be construed to limit or restrict the right of a taxpayer to make application to the equalization board for adjustment of the tangible personal property assessment or the right of the taxpayer to obtain judicial review of the final determination of the equalization board.
(b)
Nothing contained in this subchapter shall be construed to limit or restrict or alter the authority and responsibility of any county official, the county equalization board, the county court, or any other agency or person having responsibility with respect to the assessment and collection of ad valorem taxes on tangible personal property.
Acts 1981, No. 927, § 8; A.S.A. 1947, § 84-494.7.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 14 - TANGIBLE PERSONAL PROPERTY (§§ 26-26-1401 — 26-26-1409) › Section 26-26-1406 - Penalties

(a)
A penalty of ten percent (10%) of the taxpayer's total tangible personal property taxes shall be imposed on any taxpayer who fails or refuses to assess his or her tangible personal property on or before May 31 of each year.
(b)
A penalty of ten percent (10%) of the taxpayer's total tangible personal property taxes shall be assessed if the taxpayer fails or refuses to pay tangible personal property taxes on or before October 15 next following the assessment of the tangible personal property for taxes.
Acts 1981, No. 927, § 5; A.S.A. 1947, § 84-494.4; Acts 2011, No. 175, § 8.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 14 - TANGIBLE PERSONAL PROPERTY (§§ 26-26-1401 — 26-26-1409) › Section 26-26-1407 - Procedure and forms

The Assessment Coordination Division shall prescribe the forms to be used for the assessment and collection of tangible personal property pursuant to the provisions of this subchapter. Arkansas Legislative Audit shall assist and guide the various county officials in establishing an appropriate procedure to be followed in assessing and collecting tangible personal property taxes and other matters necessary to effectively and efficiently carry out the purposes of this subchapter.
Acts 1981, No. 927, § 7; A.S.A. 1947, § 84-494.6; Acts 1987, No. 621, § 6.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 15 - CORPORATIONS AND FINANCIAL INSTITUTIONS (§§ 26-26-1501 — 26-26-1505) › Section 26-26-1501 - Purpose and intent

(a)
It is the purpose of this subchapter to clarify the law relating to the taxation of state and national banks, savings and loan associations, and building and loan associations chartered under state and federal law and to simplify and to broaden the tax base applicable to these financial institutions.
(b)
It is the intent of this subchapter to repeal the capital stock tax and, in lieu thereof, to tax state and national banks, savings and loan associations, and building and loan associations under existing tax laws generally applicable to business corporations.
Acts 1973, No. 182, § 1; A.S.A. 1947, § 84-1937n.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 15 - CORPORATIONS AND FINANCIAL INSTITUTIONS (§§ 26-26-1501 — 26-26-1505) › Section 26-26-1502 - Definitions

As used in this subchapter, unless the context otherwise requires:
(1)
"Business corporation" means a corporation incorporated under the Arkansas Business Corporation Act of 1987, §
4-27-101
et seq.;
(2)
"Financial institution" means a state bank or national bank, a savings and loan association, or a building and loan association as defined in subdivisions (3)-(5) of this section;
(3)
"National bank" means a bank chartered under the banking laws of the United States;
(4)
"Savings and loan association" or "building and loan association" means any financial institution or association established and operating under the authority of §
23-37-101
et seq., §
23-37-706
, or under any other appropriate state or federal law; and
(5)
"State bank" means a bank, trust company, or savings bank chartered under the banking laws of this state.
Amended by Act 2013, No. 1144,§ 5, eff. 8/16/2013.
Acts 1973, No. 182, § 2; A.S.A. 1947, § 84-2087.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 15 - CORPORATIONS AND FINANCIAL INSTITUTIONS (§§ 26-26-1501 — 26-26-1505) › Section 26-26-1503 - Personal property

For purposes of the ad valorem personal property tax, financial institutions shall assess and be taxed upon their personal property the same as other owners of personal property, except as may be prohibited by federal law.
Acts 1973, No. 182, § 5; A.S.A. 1947, § 84-487.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 15 - CORPORATIONS AND FINANCIAL INSTITUTIONS (§§ 26-26-1501 — 26-26-1505) › Section 26-26-1504 - Real property

(a)
Financial institutions shall be subject to the ad valorem real property tax levied pursuant to the authority granted in the laws of this state, to the same extent as other owners of real property in this state.
(b)
The assessment of taxes upon the real property of national banking associations and state banks and trust companies shall be had and done in the manner provided by law for the assessment of all other real property by whomsoever owned.
Acts 1943, No. 89, § 1; 1973, No. 182, § 6; A.S.A. 1947, §§ 84-505, 84-1937.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 16 - UTILITIES AND CARRIERS GENERALLY (§§ 26-26-1601 — 26-26-1618) › Section 26-26-1602 - Report of property subject to assessment

(a)
For purposes of this subchapter, property is used or held for use in the operation of a company as such if it is owned or controlled by a utility or carrier and is being utilized, is capable of utilization, in the operation of a utility or carrier, or is being constructed for future utilization in the utility or carrier operation. However, leased property controlled by a utility or carrier shall not be assessed by a county assessor in this state if the property is assessed for ad valorem tax purposes by the Tax Division of the Arkansas Public Service Commission.
(b)
(1)
All property, both real and personal, used or held for use in the operation of the company as such, of carriers, by pipeline, railroads, street railway, express, sleeping car, intercounty bus lines, intercounty motor freight, airline, ferry, interurban, toll bridge, toll road, or water transportation, and by similar carriers, and all telegraph, telephone, electric power, gas, water, and other similar companies shall be assessed for ad valorem taxation by the division.
(2)
Each such company doing business or authorized to do business in Arkansas and owning or having control of property, or owning or having control of property in Arkansas, shall, through its owner, president, secretary, general manager, or agent having control of the company's affairs in this state, on or before March 1 of each year, make a statement in writing to the division showing all property subject to assessment and taxation in this state. The statement shall truly show the amount, kind, and value of the property as of January 1 next preceding the filing of the annual statement. However, in the case of motor carriers, the statement and information shall be filed annually with the division on or before March 31.
Acts 1927, No. 129, § 14; Pope's Dig., § 2040; Acts 1961, No. 129, § 1; 1963, No. 131, § 2; 1980 (2nd Ex. Sess.), No. 10, § 1; A.S.A. 1947, § 84-601.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 16 - UTILITIES AND CARRIERS GENERALLY (§§ 26-26-1601 — 26-26-1618) › Section 26-26-1603 - Information to be furnished

(a)
Each company, as defined in §
26-26-1601
, shall annually on or before March 1, make and deliver to the Tax Division of the Arkansas Public Service Commission, in such form as the division may prescribe, a statement of the proper official, agent, or person of the company, showing in detail the following facts:
(1)
Name of company;
(2)
The status of the company, whether person, firm, company, copartnership, association, or corporation, and under the laws of what state or country organized or incorporated;
(3)
Location of its principal office within or without Arkansas;
(4)
Name and post office address of the owner, president, secretary, general manager, and agent having control of the company's affairs in this state;
(5)
The par value of all outstanding capital stock and funded debt of every kind, the market and, if no market, the actual value on January 1 next preceding;
(6)
The total gross revenues, expenses, net revenues, and net income, separately, from utility operation, nonutility operation, and nonoperating properties, for the next preceding calendar year, both for the State of Arkansas and all states if the company operates in states other than Arkansas, in which latter case Arkansas's stated proportion of the total revenues, expenses, and income must include not only revenues, expenses, and income arising from intrastate business but also the state's due proportion of the revenues, expenses, and income from interstate business;
(7)
The total value of all real and personal property owned or controlled by the company and situated outside of Arkansas on January 1 next preceding showing separately that part used in connection with the daily operations of the company and that part used otherwise, if there is any;
(8)
A detailed statement of all real and personal property owned or controlled by the company and situated in Arkansas on January 1 next preceding, giving the description, location, and value thereof, and showing separately that part used in connection with the daily operations of the company and that part used otherwise, if there is any; and
(9)
Such other and additional information as to ownership, amount, kind, location, operation, and value of property owned or controlled as the division may require.
(b)
The official, agent, or person of the company submitting the required statement shall make and sign, on the face of the required statement, the following declaration:
"I declare, under the penalties of perjury, that the foregoing statements are true to the best of my knowledge and belief."
Acts 1927, No. 129, § 15; Pope's Dig., § 2041; A.S.A. 1947, § 84-603; Acts 1997, No. 1002, § 1.
Arkansas Code of 1987 (2023) › Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) › Subtitle 3 - ADMINISTRATION OF LOCAL TAXES (§§ 26-23-201 — 26-28-308) › Chapter 26 - ASSESSMENT OF TAXES (§§ 26-26-101 — 26-26-2001) › Subchapter 16 - UTILITIES AND CARRIERS GENERALLY (§§ 26-26-1601 — 26-26-1618) › Section 26-26-1604 - Delinquency in filing statement

(a)
(1)
Unless for good cause shown, should any company fail to file on or before March 1 the complete statement required of it by §§
26-26-1602
and
26-26-1603
, the time for making the return shall be extended for not more than sixty (60) days.
(2)
The Tax Division of the Arkansas Public Service Commission shall advise the company in writing of the delinquency, and, thereafter, should the company fail to file the statement before May 1, the division shall immediately report the delinquency to the commission, and should delinquency exist on May 31 of the assessment year, the commission shall certify the delinquency to the Secretary of the Department of Finance and Administration.
(b)
(1)
By proper action in the name of the state, the secretary may recover from any delinquent company a penalty not to exceed one hundred dollars ($100) for each day's delinquency, beginning as of March 1 of the assessment year.
(2)
In the alternative, the secretary may petition the commission for revocation of the certificate or permit of authority issued to the delinquent company to operate in the State of Arkansas.
Amended by Act 2019, No. 910,§ 3686, eff. 7/1/2019.
Amended by Act 2019, No. 910,§ 3685, eff. 7/1/2019.
Acts 1927, No. 129, § 19; Pope's Dig., § 2045; Acts 1961, No. 129, § 3; 1983, No. 579, § 2; 1983, No. 602, § 2; A.S.A. 1947, § 84-607; Acts 2003, No. 831, § 2.