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AR HB1911
Bill
Status
3/31/2025
Primary Sponsor
Robin Lundstrum
Click for details
AI Summary
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Eliminates the requirement for property owners to personally list or report personal property for ad valorem tax assessment, shifting responsibility to county assessors to assess property directly
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Repeals the $0.50 late assessment penalty fee that delinquent persons were previously required to pay for each property list not filed on time
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Removes the oath requirement that property owners had to swear when presenting property lists to assessors, along with provisions allowing telephone assessments
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Amends multiple sections of Arkansas Code to replace "list" or "listing" language with "assess" or "assessment" terminology, reflecting the procedural change from owner-reported to assessor-determined valuations
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Effective for assessment years beginning on or after January 1, 2026
Legislative Description
To Amend The Law Concerning The Assessment Of Property For The Purpose Of Property Tax; And To Repeal The Requirement That Personal Property Subject To Taxation Be Listed Or Reported By The Property Owner.
Last Action
Recommended for study in the Interim by the Committee on CITY, COUNTY & LOCAL AFFAIRS COMMITTEE- HOUSE
4/16/2025