Arkansas Administrative Code

26 CAR § 212-307. Allowable expenses. (a) All expenses associated with the cost of maintaining current real estate appraisals on county assessment records deemed appropriate, necessary, and reasonable by the Assessment Coordination Division shall be reimbursed to the county. (b) …

26 CAR § 212-308. Funding. (a) Funding for all reappraisals required under Acts 1999, No. 1185, will be in the form of a reimbursement for expenses first paid by counties either to county assessor’s budgets or to reappraisal firms. (b) Appraisal plan and/or appraisal contracts mu…

26 CAR § 212-401. In-house reappraisal plans — Signature requirements. (a) In-house reappraisal plans must bear the notarized signatures of the: (1) County assessor; (2) County judge; and (3) Appraisal manager. (b) The signature of the appraisal manager signifies only that he or …

26 CAR § 212-402. Contracted reappraisal plans — Signature requirements. (a) Contracted reappraisal plans must bear the notarized signatures of: (1) The county assessor; (2) The judge; (3) A principal of the reappraisal company performing the reappraisal; and (4) The appraisal ma…

26 CAR § 212-501. Progress reports from appraisal manager to Assessment Coordination Division. (a) The appraisal manager will send by electronic transmission to the Assessment Coordination Division, by the twentieth day of each month, a progress report detailing reappraisal progr…

26 CAR § 212-502. Reimbursement to counties in equal payments. (a) Reimbursement for reappraisal costs from the state to the county will be made in even payments once each month at a level to be determined by dividing the approved total cost of reappraisal (as indicated by the or…

26 CAR § 212-503. Direct deposits. (a) Reimbursements will be done in the form of a direct deposit. (b) Each county/company must have an established account and submit necessary paperwork (voided check, signed permission form, etc.) before the reimbursement process begins.…

26 CAR § 212-504. Revenue shortfalls. In the event the total moneys budgeted for reappraisals statewide runs higher than the fiscal year appropriation to the Assessment Coordination Division, the June payment for each county or contractor will be reduced on a pro rata per parcel …

26 CAR § 212-601. Assessment Coordination Division to conduct performance audits. (a) The Assessment Coordination Division will periodically enter each county during both Phase 1 and Phase 2 of the county’s reappraisal to conduct a performance audit (hereinafter designated as a P…

26 CAR § 212-602. Scope of Phase 1 performance audits. (a) The PA will measure both the quantity and quality of the following: (1) Entry of general appraisal information; (2) Collection and entry of field data; and (3) Entry of sales information. (b)(1) The PA will compare gross …

26 CAR § 212-603. Design of property record cards. (a) The basic design of property record cards by each class must be approved by the Assessment Coordination Division. (b) The following entries are required (where applicable): (1) City and rurban cards: (A) Type of card; (B) Par…

26 CAR § 212-604. Scope of Phase 2 performance audits. (a)(1) Assessment Coordination Division auditors will review sales analysis and other procedures used in the development of overall values. (2) This includes, but is not limited to, audits of: (A) Neighborhood delineation; (B…

26 CAR § 262-701. Neighborhood delineation for residential neighborhoods. (a) Residential neighborhood boundaries shall be displayed on city or county maps as appropriate. (b)(1) A narrative description of each boundary line for each neighborhood shall be on file at the appraisal…

26 CAR § 212-702. Neighborhood delineation for commercial neighborhoods. (a) Commercial neighborhood boundaries shall be displayed on city or county maps as appropriate. (b)(1) A narrative description of each boundary line for each neighborhood shall be on file at the appraisal m…

26 CAR § 212-703. Neighborhood delineation for rural areas. (a) Rural region boundaries shall be displayed on county maps. (b)(1) A narrative description of each boundary line for each rural region shall be on file at the appraisal manager’s office. (2) In addition, a printout of…

26 CAR § 212-704. Location factors. (a) When using the cost manual, location factors shall be used to adjust costs to the proper level in each neighborhood. (b) The overall location factor for a neighborhood shall be determined from analysis of individual sales using the basic fo…

26 CAR § 212-801. Minimum acceptable standards for performance audits. (a) Reappraisal performance must conform to the Assessment Coordination Division Rules, 26 CAR pts. 210 – 214, and the appraisal process must uniformly employ logical and generally accepted methods and techniq…

26 CAR § 212-802. Failure to comply with standards of performance audit. (a) The Director of the Assessment Coordination Division may, for cause and after opportunity for a hearing: (1) Suspend or terminate the contract of any appraisal firm or county; (2) Suspend or terminate th…

26 CAR § 212-901. Misrepresentation. Funding already disbursed to the county as a result of misrepresentation will be required to be reimbursed to the state unless the action is determined by the Director of the Assessment Coordination Division to be unintentional.

26 CAR § 212-902. Force majeure. The foregoing provisions notwithstanding, the Assessment Coordination Division may grant additional time in the event of delay caused by an act of God or force majeure.

26 CAR § 213-1001. Change in market value between reappraisals. (a) When a county’s equalization board determines that current economic conditions may have caused a decrease in value of groups of real estate parcels, said equalization board shall notify the Director of the Assess…

26 CAR § 213-101. Procedures generally — Extension of levy date. (a) All requests for an extension of time within which to levy taxes shall be addressed to the Director of the Assessment Coordination Division, dated and signed by both the county judge and the county clerk. (b) Al…

26 CAR § 213-102. Extension of time. (a) All requests for an extension of time shall: (1) Be addressed to the Director of the Assessment Coordination Division; and (2) Clearly describe the report that is the subject of the extension along with the time sought and the reason for t…

26 CAR § 213-201. Purpose, authority, and objective of ratio study rules. (a) Purpose. The purpose of this part is to ensure that real property in Arkansas is appraised accurately and uniformly in accordance with constitutional and statutory requirements, most notably Arkansas Co…

26 CAR § 213-202. Ratio study required dates. (a) January 31. (1)(A) By January 31 of each year all counties shall submit to the Assessment Coordination Division an electronic file of all real property appraised. (B) This file will be referred to as the ACD Extract Report. (2) Th…

26 CAR § 213-203. Sales used in ratio studies. (a) Sales time frame. (1) In counties with at least fifty thousand (50,000) real property parcels, the ratio study will use: (A) One (1) year of sales for vacant and residential properties; and (B) Two (2) years of sales for commerci…

26 CAR § 213-204. Adjustment of sales for ratio studies. (a) Time adjustments. (1) All sales used in the ratio study shall be adjusted for time as necessary to January 1 of the assessment year. (2) The Assessment Coordination Division shall conduct time analysis studies using the…

26 CAR § 213-205. Compliance with ratio studies standards required. (a) Level of compliance. (1) Counties conducting a revaluation must comply with ratio study standards for real property appraised on a market value basis both on an overall basis and for each of the following thr…

26 CAR § 213-206. Appeal of results of ratio study findings. (a) Appeals to the Director of the Assessment Coordination Division. Arkansas Code § 26-26-304(g) provides that a county that is aggrieved at the findings of the ratio study may: (1) Appeal the results to the Director o…

26 CAR § 213-301. Agricultural land classification. (a) Method of conducting agricultural land classification. (1)(A) In conducting this component of the ratio study, the Assessment Coordination Division shall use generally accepted valuation procedures, statistical compilation, …

26 CAR § 213-302. Business personal classification. (a) Examination of records. (1) This component of the ratio study shall be based on a physical examination of the current year’s records of each assessor's office to determine the degree of compliance with the criteria establish…

26 CAR § 213-303. Auto/other classification. (a) This component of the ratio study shall be based on a physical examination of the current year’s records of each assessor's office to determine the degree of compliance with the criteria established in the Standard on Valuation of …

26 CAR § 213-401. General rules for appraisal contractors. The Assessment Coordination Division shall: (1) Maintain an Annual Register of Appraisal Companies; and (2) Not approve a contracted appraisal plan of an appraisal firm that has not registered with the division by submitt…

26 CAR § 213-402. Removal of appraisal company. The Director of the Assessment Coordination Division may, for cause, remove an appraisal company from the list of registered contractors doing mass appraisal work within the State of Arkansas.

26 CAR § 213-501. Completion of reappraisal — Suspension of penalties. (a) In keeping with the intent of Acts 1997, No. 836, newly discovered and newly constructed property will be appraised and assessed at the value prevailing before the implementation of Acts 1995, No. 758. (b)…

26 CAR § 213-601. Definitions. (a) Definitions relating to Amendment 59 and Acts 1981, No. 848. As used in this part: (1) “Base year” means the year when reassessed values are entered on assessment roll; (2) “Bona fide agricultural land” means land that is devoted to the producti…

26 CAR § 213-602. Procedure for adjustment of taxes after reappraisal or reassessment of property. (a)(1) To test for rollback in each taxing unit, use the full reappraised real estate value plus personal property value and utility property value. (2) If the aggregate increase ex…

26 CAR § 213-603. Comprehensive countywide reappraisals. (a) When an assessor is of the opinion that a comprehensive countywide reappraisal has been completed, Form No. A-11 shall be completed immediately, signed and notarized, and submitted to the Director of the Assessment Coor…

26 CAR § 613-604. Certification of assessed value data. (1) Form CC-4 entitled Base Year Certification of Assessment Data on Real Estate is adopted to comply with Arkansas Code § 26-26-403. (2) Form CC-5 entitled School District Calculation to Determine Minimum Millage Required b…

26 CAR § 213-605. Rule computation and certification form. Form GB-1 entitled Base Year Millage Rollback Computation and Certificate Form is adopted to comply with Arkansas Code § 26-26-404.

26 CAR § 213-606. Personal property interim millage adjustment. Form CC-2 entitled Personal Property Interim Millage Adjustment is adopted to comply with Arkansas Code § 26-26-405.

26 CAR § 613-607. Valuation guidelines. (a)(1) The manual entitled Assessors’ Replacement Cost Real Estate Manual is promulgated to comply with Arkansas Code §§ 26-26-304 and 26-26-407. (2) This manual may be used as a guide and is not mandatory. (b)(1) The publication entitled A…

26 CAR § 213-608. Implementation of millage rollback in fringe school districts. (a) Form CC-3 entitled Fringe District Rollback is adopted to comply with Arkansas Code § 26-26-408. (b) In a case where a fringe district is engaged in a reappraisal the millage rates shall be rolle…

26 CAR § 213-701. Training criteria for appraisers. (a) Form M-1 entitled Application for Admission - Arkansas Assessment Training Program. (b) The training and designation program as described in Form M-2 entitled Training and Designation Program for Appraisers Employed by State…

26 CAR § 213-801. Assessment of personal property taxes by mail or by telephone. When assessing by telephone, record forms containing information taken by telephone shall: (1) Be clearly identified as telephone assessments on the property owner signature line; and (2) Bear the si…

26 CAR § 213-802. Valuation procedures. For the purpose of Acts 1183, No. 114, the following terms are defined: (1) “Real property” means: (A) The physical parcel of land; and (B) Improvements attached to the land, such as buildings; and (2) Fixtures that can be severed from the …

26 CAR § 213-803. Uniform Notice of Real Estate Value Change. (a)(1) There is hereby established a Uniform Notice of Real Estate Value Change. (2) The notice shall be printed on paper no smaller than eight and one-half inches (8.5”) wide by eleven inches (11”) long. (b) All count…