Browse Arkansas Code titles and sections
26-26-303. Percentage of value to be used in appraisal.
Arkansas Code — all titles (historical 2020) · legal_authorities
26-26-303. Percentage of value to be used in appraisal.
(a) The appraisal and assessment shall be according to value as required by Arkansas Constitution, Article 16, Section 5.
(b) The percentage of true and full market or actual value to be used in the appraisal and assessment shall be fixed and certified by the Arkansas Public Service Commission as provided by § 26-24-104.
(c) Until and unless a budget system is adopted with provisions for eliminating excessive and illegal tax rates and expenditures, the commission shall not fix and certify a percentage of true and full market or actual value in excess of twenty percent (20%).
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-26-303
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.
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Record provenance
Stable record: arkansas_code:legal_authorities:26-26-303
Source file: gov.ar.code.title.26.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 1c0eb42c7426a968212bfc688b026defb637026cdf95bdf6b4f366c1f13717af
Source location: content.xml paragraph 4366
Stored source content
26-26-303. Percentage of value to be used in appraisal.
(a) The appraisal and assessment shall be according to value as required by Arkansas Constitution, Article 16, Section 5.
(b) The percentage of true and full market or actual value to be used in the appraisal and assessment shall be fixed and certified by the Arkansas Public Service Commission as provided by § 26-24-104.
(c) Until and unless a budget system is adopted with provisions for eliminating excessive and illegal tax rates and expenditures, the commission shall not fix and certify a percentage of true and full market or actual value in excess of twenty percent (20%).
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Arkansas Code — all titles (historical 2020) · legal_authorities
26-24-104. Basis of valuation.
(a) The Arkansas Public Service Commission shall have the full power and authority in the administration of the tax laws of this state to file with the county judge, county clerk, and county assessor of each county not later than ten (10) days before the time for the beginning of the assessment of property by the county assessors a certificate showing the percentage of true and full market or actual value that it has used, or will use, in valuing for taxation for that year the property the commission is required to assess.
(b) It shall be the duty of the county assessors and county equalization boards and county judges to adopt the same basis of valuation of property in their counties for the purpose of taxation as that certified by the commission.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-24-104
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 26-24-104. This identifies an authority to review, not proof of applicability.