The average value of property shall be determined by averaging the values at the beginning and ending of the tax period, but the Secretary of the Department of Finance and Administration may require the averaging of monthly values during the tax period if reasonably required to reflect properly the average value of the taxpayer's property.
Ark. Code Ann. § 26-51-712
Average value of property. [Repealed effective January 1, 2021.]
Acts 1961, No. 413, § 12; A.S.A. 1947, § 84-2066; Acts 2019, No. 910, § 3729.
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.