AR SB117

Amends Arkansas Code § 26-27-302 to clarify that county equalization board members must be qualified electors who have owned real property in the county for at least one (1) year.

Modifies § 26-27-317(a) to specify that property owners or their agents may apply in person, by petition, or by letter to request assessment adjustments on or before the third Monday in August of each year.

Restricts county equalization boards from adjusting assessments other than those made during the year in which the application is considered.

Prohibits county equalization boards from accepting or considering petitions or letters regarding a property's tax exempt status determination under Arkansas Constitution, Article 16, § 5(b).

Prohibits county equalization boards from accepting or considering petitions or letters regarding valuation of agricultural land, pasture land, or timberland determined by the Assessment Coordination Department guidelines.