The provisions of this subchapter relative to the adjustment or rollback of millage levied for ad valorem tax purposes shall be applicable only where there is a countywide or statewide reappraisal of property: (1) Pursuant to court order; (2) Pursuant to directive of law enacted by the General Assembly; (3) When the reappraisal is initiated […]
Current year of second Taxes shall be current-year taxes to period of five (5) years which shall be added the following per- centage of the difference between the cur- rent-year taxes and the base-year taxes (if greater than current-year taxes) 1st year 80% of difference 2nd year 60% of difference 3rd year 40% of difference […]
Base Year Certification of Assessment Data on Real Estate COUNTY: TAXING UNIT: DATE: 1. Total Assessment 2. Total Newly Discovered Property List 3. Total Taxes Certified for Collection 4. Millage Levy for Main- tenance and Operations 5. Millage Levy for Bonds or Debt Service County Clerk Certification: Signature Click to view Base Year Certification of […]
Base Year Millage Rollback Computation and Certification Form COUNTY: TAXING UNIT: DATE: 1. Compute the following to discover total of reassessed property: a. Total base year assessments b. Less newly discovered, new construction properties c. Equals total reassessed properties 2. Compute the following to find the zero-increase millage adjustment: a. Base-year taxes certified for collection […]
PERSONAL PROPERTY INTERIM MILLAGE ADJUSTMENT COUNTY: TAXING UNIT: DATE: Data Needed For Calculation 1. Base year revenues 2. Previous year assessment base 3. New assessment base 4. Current millage by tax source: Maintenance & Operations Bonds or Debt Service Others Millage Adjustment Calculations 1. Determination of assessment base growth factor: Previous New Assessment Base ÷ […]
The following tax adjustment procedure must be completed by the county clerk on or before the third Monday in November, after all due process proceedings of the county equalization board and county court. Upon completion, the county clerk shall record and file the original, sending certified copies to the county quorum court and the Assessment […]
The various state agencies having authority and responsibility with respect to the implementation of the provisions of Arkansas Constitution, Amendment 59, and the provisions of this subchapter or any other laws enacted to carry out the purpose and intent of Arkansas Constitution, Amendment 59, are authorized and directed to adopt appropriate rules, regulations, and guidelines […]
