Arkansas § 26-26-303 Percentage of value to be used in appraisal

Arkansas Statutes

§ 26-26-303 — Percentage of value to be used in appraisal

Arkansas § 26-26-303

Title26

This text of Arkansas § 26-26-303 (Percentage of value to be used in appraisal) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 26-26-303 (2026).

Text

(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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(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%).