(a) When an assessor is of the opinion that a comprehensive countywide reappraisal has been completed, Form No. A-11 shall be completed immediately, signed and notarized, and submitted to the Director of the Assessment Coordination Division for:
- (1) Investigation;
- (2) Determination; and
- (3) Certification.
(b) When any member of the county equalization board, quorum court, taxing unit, or taxpayer within the county is of the opinion that a comprehensive countywide reappraisal has been completed and so informs the Assessment Coordination Division in writing giving those facts on which the opinion is based, the division will:
- (1) Investigate; and
- (2) Determine whether certification is required.
(c)
- (1) In determining whether a comprehensive countywide reappraisal has occurred, the division shall consider that since it provides tables for use in valuing agriculture and timber lands that those properties have been reappraised each year.
- (2) Likewise, all personal property shall be considered to have been reappraised each year.
- (d) On receipt of a properly completed form, the director shall determine whether the county has completed a comprehensive countywide reappraisal, and if so, shall certify the reappraisal.
(e) In determining whether a comprehensive countywide reappraisal has been completed, the following definitions shall be utilized:
- (1) “Reappraisal” means a reestimation of values using mass appraisal techniques;
- (2) “Mass appraisal” means estimating the value of a group of properties as of a given date, within a given time frame; and
- (3) “Countywide reappraisal” means the mass appraisal of certain classes of properties within a county, provided those other classes of property not reappraised have had their values reviewed and are currently assessed at acceptable levels.
Codification Notes: This section as promulgated prior to codification into the Code of Arkansas Rules provided as follows: "STATUTORY AUTHORITY: A.C.A. 26-26-401 (Act 1981, No. 848 Section 8)" "Adopted 10/01/99"