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 1912
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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 DEFINITION OF "ASSESSED VALUE"
10 FOR PURPOSES OF THE ASSESSMENT OF PROPERTY; TO
11 ESTABLISH A METHOD OR PROCEDURE FOR THE VALUATION OF
12 PROPERTY FOR TAXATION PURPOSES UNDER ARKANSAS
13 CONSTITUTION, ARTICLE 16, � 5; AND FOR OTHER
14 PURPOSES.
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17 Subtitle
18 TO AMEND THE DEFINITION OF "ASSESSED
19 VALUE" FOR PURPOSES OF THE ASSESSMENT OF
20 PROPERTY; AND TO ESTABLISH A METHOD OR
21 PROCEDURE FOR THE VALUATION OF PROPERTY
22 FOR TAXATION PURPOSES UNDER ARKANSAS
23 CONSTITUTION, ARTICLE 16, � 5.
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25 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:
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27 SECTION 1. Arkansas Code � 26-26-1122(a)(1), concerning the
28 definitions to be used with respect to the assessment of property and
29 Arkansas Constitution, Amendment 79, is amended to read as follows:
30 (1) "Assessed value" means twenty fifteen percent (20%) (15%) of
31 the appraised value of the real property;
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33 SECTION 2. Arkansas Code � 26-26-1123(a), concerning the sale of real
34 property, is amended to read as follows:
35 (a) When a person sells his or her real property, the county assessor
36 shall assess the real property at twenty fifteen percent (20%) (15%) of the
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HB1912
1 appraised value at the next assessment date after the date of the transfer of
2 title to the real property.
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4 SECTION 3. EFFECTIVE DATE. Sections 1 and 2 of this act are effective
5 for assessment years beginning on or after January 1, 2026.
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2 03/31/2025 11:04:45 AM JLL357Every fact on this page links to its source, starting with the official bill record.