Shown verbatim: the complete text as captured from the official PDF posted by the Arkansas General Assembly, fetched 2026-07-23. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
Stricken language would be deleted from and underlined language would be added to present law.
1 State of Arkansas A Bill
2 95th General Assembly
3 Regular Session, 2025 HOUSE BILL 1715
4
5 By: Representative Lundstrum
6 By: Senator J. Bryant
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8 For An Act To Be Entitled
9 AN ACT TO AMEND THE LAW CONCERNING THE ASSESSED VALUE
10 OF REAL PROPERTY; TO LIMIT THE INCREASE IN THE
11 ASSESSED VALUE OF REAL PROPERTY AFTER A SALE OR OTHER
12 TRANSFER OF REAL PROPERTY; AND FOR OTHER PURPOSES.
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15 Subtitle
16 TO LIMIT THE INCREASE IN THE ASSESSED
17 VALUE OF REAL PROPERTY AFTER A SALE OR
18 OTHER TRANSFER OF REAL PROPERTY.
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20 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:
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22 SECTION 1. Arkansas Code � 26-26-1118, concerning limitations on the
23 increase in the assessed value of property, is amended to add an additional
24 subsection to read as follows:
25 (c)(1) When real property is sold or otherwise transferred, for the
26 first assessment following the sale or other transfer, the assessed value of
27 the real property is limited to not more than:
28 (A) Five percent (5%) above the taxable value of the real
29 property if the real property is a taxpayer's homestead and is used as the
30 taxpayer's principal place of residence; or
31 (B) Ten percent (10%) above the taxable value of the real
32 property if the real property is not a taxpayer's homestead used as the
33 taxpayer's principal place of residence.
34 (2) As used in this subsection, "taxable value" means the value
35 on which the seller of the real property is assessed property tax as of the
36 date of the sale or other transfer of the real property.
*JLL283* 03/07/2025 3:29:41 PM JLL283
HB1715
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2 SECTION 2. Section 1 of this act is effective for assessment years
3 beginning on or after January 1, 2026.
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2 03/07/2025 3:29:41 PM JLL283Every fact on this page links to its source, starting with the official bill record.