AR HB1025

Allows levee districts spanning more than two counties to adopt an alternative assessment system by board resolution, which must be published in newspapers in each affected county and can be rescinded with notice.

Establishes alternative tax assessment rates: 30 cents per acre on real estate subject to overflow, up to 20 mills on the dollar for improvements, up to 20 mills on 20% of utility company assessed value for telephone/electrical/power lines and pipelines, and up to $250 per mile for railroads.

Alternative assessments replace other assessment methods under which the levee district operates and become effective upon board adoption unless challenged through the review process.

Creates a three-tier appeal process for disputed assessments: board of directors review (within 30 days), county equalization board appeal (within 30 days), and circuit court appeal (within 30 days), with final appeal available to the Arkansas Supreme Court within 60 days.

Amends Arkansas Code Title 26 to authorize county equalization boards to hear appeals under this alternative assessment system and to meet as necessary for that purpose.