Ark. Code § 26-26-1201

Current with legislation from 2024 Fiscal and Special Sessions.

Section 26-26-1201 - Date of valuation

All property in this state shall be assessed by the authorized authorities according to its value on January 1. However, stocks of merchants and manufacturers shall be assessed at the value of the average stock in possession or under control during the year immediately preceding January 1 of the year in which assessment is required.

Acts 1929, No. 172, § 1; Pope's Dig., § 13680; A.S.A. 1947, § 84-426.