Title 26 — Taxation

(1) As used in this subtitle:(1) “Cost approach” means an approach used to estimate the fair market value of property based on the estimated current cost to construct improvements plus the value of the land minus all forms of depreciation, including without limitation any loss in…

This act shall be referred to as the “Arkansas Property Taxpayer Bill of Rights”.

(a) It is the intent of this act that the following objectives shall apply to the operation of the property tax system for Arkansas taxpayers:(1) To be taxed fairly and assessed equitably throughout the state;(2) To have access to information concerning how the system of property…

(1) The following procedures shall be employed to ensure taxpayers receive adequate notice of value changes:(1) (A) Countywide reappraisals of real property shall be completed no later than July 1 of the year in which the countywide reappraisal is scheduled to be completed.(B) Or…

(1) In order to assist property taxpayers to better understand their property tax bills, the following information shall be included on each tax bill sent by the county collector:(1) The dollar amount of the taxpayer's total tax bill distributed to each taxing unit in the county …

(a) A county collector shall send a property taxpayer a yearly notice concerning his or her rights under the provisions of Arkansas Constitution, Amendment 79, containing the following:(1) A statement that the assessed value of a homestead used as a principal place of residence a…