Ark. Code Ann. » Title 26 Chapter 26
Arkansas Code Annotated

Ark. Code Ann. § 26-26-407 (2026)

Valuation of different types and uses of property

✓ current as of May 2026
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History. Acts 1981, No. 848, § 6; A.S.A. 1947, § 84-493.5; Acts 2005, No. 1432, § 1; 2007, No. 660, § 1; 2007, No. 994, § 1; 2009, No. 655, §§ 2, 3.

Amendments. The 2009 amendment substituted “county assessor shall” for “assessor must” in (c)(2); in (f), substituted “Each year” for “Effective for assessment years beginning January 1, 2008, and every year thereafter” in (f)(2)(A) and (f)(3)(B), deleted “Beginning January 1, 2008” in (f)(2)(B), and deleted “Effective for assessment years beginning January 1, 2008” in (f)(3)(A); and made related and minor stylistic changes.

Cross References. Assessment of residential property and agricultural, pasture, timber, residential, and commercial land, Ark. Const., Art. 16, § 15.

Property taxed according to value — Procedures for valuation — Tax exemptions, Ark. Const., Art. 16, § 5.

Case Notes

Applicability.

Where there is no evidence an appraisal occurred as a result of a countywide or statewide reappraisal of property by one of the four methods listed in § 26-26-401, this section does not apply. Gazaway v. Greene County Equalization Bd., 314 Ark. 569, 864 S.W.2d 233 (1993).

Assessment According to Use.

Argument that if residential property of the owner and vacant residential property are to be assessed according to their use, so should residential rental property, held without merit. Gazaway v. Greene County Equalization Bd., 314 Ark. 569, 864 S.W.2d 233 (1993).

Notes of Decisions
Cited in 5 cases (1 in the last 5 years), 1993–2021 · leading case: Anthony Brown v. Hannah Towell, in Her Off. Capacity as the Craighead Cnty. Tax Assessor & Wes Eddington, in His Off. Capacity as the Craighead Cnty. Tax Collector, 2021 Ark. 60 (Ark. 2021).
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Anthony Brown v. Hannah Towell, in Her Off. Capacity as the Craighead Cnty. Tax Assessor & Wes Eddington, in His Off. Capacity as the Craighead Cnty. Tax Collector, 2021 Ark. 60 (Ark. 2021). · cites it 2× “(citing Ark. Code Ann § 26-26-407 and 26-26-1202).”
Bear Chaney, in His Off. Capacity as Dir. of the Arkansas Assessment Coordination Div. of the State of Arkansas v. Union Producing, LLCessment, 2020 Ark. 388 (Ark. 2020). · cites it 3× “Ark. Code Ann. § 26-26-407 (f)(1). In this case, AACD would be the “governing body of the taxing unit” for purposes of art.”
Gazaway v. Greene Cnty. Equalization Bd., 864 S.W.2d 233 (Ark. 1993). · cites it 2× “The first is based on Ark. Code Ann. § 26-26-407 (a) and (c) (1987).”
May v. Akers-Lang, 386 S.W.3d 378 (Ark. 2012). · cites it 2× “Article 16, section 5 of the Arkansas Constitution provides: “[a]ll real and personal property subject to taxation shall be taxed according to its value, that value to be ascertained in such a manner as the General Assembly shall direct.”
Bd. of Douglas Cnty. Comm'rs v. Cashatt, 933 P.2d 167 (Kan. Ct. App. 1997). “” The Kansas Legislature did not amend the constitution or provide a statutory provision to allow taxation of a residence at residential values until it is no longer used as a residence.”
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