1. (a)

   1. (1) One (1) car or other mode of personal transportation owned by the family is totally disregarded, without regard to its market or equity value.
   2. (2) The market value of any other vehicle is counted in full.
   3. (3) The vehicle with the highest market value will be the disregarded vehicle.

2. (b)

   1. (1) If the customer wishes to challenge the value determination made by the county office, he or she will be given the opportunity to submit at least two (2) appraisals from knowledgeable sources.
   2. (2) The county office will decide which appraisal to accept.

3. (c) Any one (1) of the following value determination methodologies may be used in arriving at the market value of vehicles used for personal transportation:

   1. (1) NADA Used Car Guide, excluding value of optional equipment;
   2. (2) Knowledgeable sources such as a local dealer or auto insurance company; or
   3. (3) County personal property tax office.

Codification Notes: This section as promulgated prior to codification into the Code of Arkansas Rules provided as follows: “07/01/97” "NADA" means the National Automobile Dealers Association.