Senior or Disabled Resident Assessment Freeze (Amendment 79)

State

Arkansas

Year

2016

Variations in Receipt of Benefit

No Variation in Receipt of Benefits

Benefit Type

Assessment Freeze

Benefit

For this program, residential property shall be assessed based on the assessed value when the person becomes eligible or a later value, whichever is less.

How is Benefit Disbursed

Exemption from assessed value

Eligible Property Type

Residential

Characteristics of Eligible Property

Only residential properties are eligible for this program.

Eligibility Criteria

Age

Disability

Homeowner

Principal Residence

Description of Eligibility Criteria

Applicants must be at least 65 years of age or disabled to be eligible. A disabled person means a person who is disabled for purposes of the Social Security Act as in effect on January 1, 2003 for any period during the calendar year, or has received permanent and total disability insurance benefits for any period of time during the calendar year.

Local Option in Adoption of Program

Local government is unable to exercise an option

Local Option Regarding Program Features

No local option regarding program features

State Funding for Local Tax Loss

Local government covers all of its tax loss

Description of State Funding for Tax Loss

The statute is silent on whether or not the state reimburses the local government for the property tax loss.

Record ID

AR103_RR16

Footnotes

The statute was amended in 2009 to assure that the assessment freeze set out in Amendment 79 is applied to the lower assessed value.

Sources

Ark. Code § 26-26-1120; Ark. Code § 26-26-1124 (in effect for 2016)
Arkansas (2012) Frequently Asked Questions Assessment Coordination Department [http://www.accessarkansas.org/acd/faqs.html Accessed on 04/17/2017]

View Archived Source

Alaska (2015) Property Tax Equalization and Appeal System Synopsis [http://www.arkansas.gov/acd/publications/Synopsis2015.pdf Accessed on 04/18/2017]

Join Our Mailing List

Back to top