- (a) Those counties that are compelled to reappraise due to low assessment ratios are not relieved by Acts 1999, No. 1185, from the legal obligations previously established by Acts 1997, Nos. 440 and 836.
- (b) A county that fails an assessment ratio must complete a countywide reappraisal in compliance with Acts 1997, No. 440, and/or Acts 1997, No. 836.
(c) Funding will be available for those counties, but may not exceed:
- (1) The cost to reappraise; or
- (2) A maximum of seven dollars ($7.00) per taxable parcel per year.
Codification Notes: This section as promulgated prior to codification into the Code of Arkansas Rules provided as follows: "Adopted 10/01/99 Amended 12/20/00 Amended 3/03/02"