Browse Arkansas Code titles and sections
26-26-1122. Definitions.
Arkansas Code — all titles (historical 2020) · legal_authorities
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; and
(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;
(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 subchapt
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-26-1122
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
Issuing source page ↗
Authority boundary: historical statutory source snapshot not current law.
Open the recorded source website ↗
Record provenance
Stable record: arkansas_code:legal_authorities:26-26-1122
Source file: gov.ar.code.title.26.odt
Pages: Not recorded – Not recorded
Passage SHA-256: f048a490f2ac3be2a77fa72582cae1e018c0e08fb4cdd8aea638bc5a31ca8567
Source location: content.xml paragraph 5861
Stored source content
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; and
(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;
(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.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Arkansas Code — all titles (historical 2020) · legal_authorities
26-37-101. Transfer of tax-delinquent lands.
(a)(1)(A) All lands upon which the taxes have not been paid for one (1) year following the date the taxes were due, October 15, shall be forfeited to the state and transmitted by certification to the Commissioner of State Lands for collection or sale.
(B) The Commissioner of State Lands may accept an electronic certification of tax-delinquent parcels from a county.
(2) Tax-delinquent lands shall not be sold at the county level.
(b) The county collector shall hold all tax-delinquent lands in the county for one (1) year after the date of delinquency, and, if the lands are not redeemed by the certification date, which shall be no later than July 1 of the following year, the county collector shall transmit it to the state by certification, after notice as provided in this chapter, indicating all taxes, penalties, interest, and costs due and the name and last known address of the owner of record of the tax-delinquent lands.
(c) Upon receipt of the certification, title to the tax-delinquent lands shall vest in the State of Arkansas in care of the Commissioner of State Lands.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-37-101
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 26-37-101. This identifies an authority to review, not proof of applicability.