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Ark. Code Ann. § 26-23-203

Notice procedures

Applied in 1 court decision — leading case Arkansas Teacher Retirement System v. Short (2011)

Most recently applied in Arkansas Teacher Retirement System v. Short (June 2011)

Acts 1999, No. 572, § 3; 2009, No. 278, § 1.

The following procedures shall be employed to ensure taxpayers receive adequate notice of value changes:

(1) 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.

(2) Original valuations of newly discovered and newly constructed real property shall be completed no later than July 1 of each assessment year;

(3) Notice of value changes shall be sent to affected property owners no later than ten (10) business days after July 1 of the assessment year.

(4) The notice of value changes shall include: The previous year's full and assessed value, the reassessed full and assessed value, or the new full and assessed value resulting from an original assessment of newly discovered and newly constructed property;

(5) The time period for meeting with the county assessor or his or her representative to review the new valuation of the taxpayer's property;

(6) A statement that property owners have the right to appeal the new valuation to the county equalization board;

(7) The deadline to petition the county equalization board to conduct a hearing to review the contested assessment; and

(8) A summary of laws relating to the criteria established by the Supreme Court to uphold an assessment determination by the county equalization board; and

(9) Property owners shall have the right to have a meeting with the county assessor or his or her representative for a change in value before petitioning the county equalization board for a hearing.

(10) In order to accommodate property owners, the county assessor or his or her representative shall conduct the informal hearings required by this section after normal business hours at least one (1) day per week.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.