Bill
HB 1912
TO AMEND THE DEFINITION OF "ASSESSED VALUE" FOR PURPOSES OF THE ASSESSMENT OF PROPERTY; AND TO ESTABLISH A METHOD OR PROCEDURE FOR THE VALUATION OF PROPERTY FOR TAXATION PURPOSES UNDER ARKANSAS CONSTITUTION, ARTICLE 16, § 5.
2025 Regular Session
Introduced by Josh Bryant and 1 co-sponsor
HB 1912 aimed to lower Arkansas property taxes by reducing assessed value from 20% to 15% of appraised value, benefiting homeowners but impacting local revenue.
Died in House Committee at Sine Die adjournment.