All Roll Calls
Yes: 126 • No: 1
ArkansasHB13862025 Regular SessionHouseWALLET
TO AMEND THE LAW CONCERNING THE ASSESSMENT OF PROPERTY; TO AMEND THE LAW CONCERNING SUBSTANTIAL IMPROVEMENTS TO REAL PROPERTY; AND TO AMEND THE METHOD OF VALUATION FOR REAL PROPERTY UNDER ARKANSAS CONSTITUTION, ARTICLE 16, § 5.
Sponsored By: Frances Cavenaugh (Republican), Joshua Bryant (Republican)
Enacted
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
New property assessment rules for Arkansas owners
These rules apply to assessment years beginning on or after January 1, 2025. An improvement counts as substantial when it raises a property's assessed value by at least 25%. Necessary natural-disaster repairs do not count, except to the extent they use higher-quality, higher-value materials or parts. The state assessment office no longer sets the substantial-improvement definition by rule. Each property parcel is valued at its true market value in money, excluding growing crops. Assessors can consider only Arkansas properties when setting residential property values. For commercial property, assessors can consider out-of-state properties only when no comparable commercial property exists in Arkansas. The law does not specify a resulting tax amount.
Sponsors & Cosponsors
Sponsors
Frances Cavenaugh
Republican • House
Joshua Bryant
Republican • Senate
Cosponsors
Robin Lundstrum
Republican • House
Roll Call Votes
Senate vote • 3/20/2025
Senate Vote - Thursday, March 20, 2025 3:16:15 PM
Yes: 27 • No: 1 • Other: 1
House vote • 3/10/2025
House Vote - Monday, March 10, 2025 2:12:45 PM
Yes: 99 • No: 0
Actions Timeline
Notification that HB1386 is now Act 410
3/25/2025HouseCorrectly enrolled and ordered transmitted to the Governor's Office.
3/21/2025HouseTO BE ENROLLED
3/20/2025HouseReturned from the Senate as passed.
3/20/2025HouseReturned to the House as passed.
3/20/2025SenateRead the third time and passed.
3/20/2025SenateReturned by the Committee, with the recommendation that it Do Pass
3/19/2025SenateRead first time, rules suspended, read second time, referred to REVENUE & TAX - SENATE
3/10/2025SenateReceived from the House.
3/10/2025SenateRead the third time and passed and ordered transmitted to the Senate.
3/10/2025HouseReturned by the Committee Do Pass
3/6/2025HouseREPORTED CORRECTLY ENGROSSED
2/27/2025HouseAmendment No. 1 read and adopted and the bill ordered engrossed.
2/27/2025HousePlaced on second reading for the purpose of amendment.
2/27/2025HouseRead the first time, rules suspended, read the second time and referred to the Committee on REVENUE & TAXATION- HOUSE
2/3/2025HouseFiled
2/3/2025House
Bill Text
HB1386 - Introduced
2/3/2025
Act Version
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