Under Arkansas law, which of the following is NOT a characteristic of the Arkansas homestead exemption as established by the Arkansas Constitution?
Correct Answer
A) The exemption places a maximum dollar value cap of $500,000 on the protected homestead
The Arkansas homestead exemption under Ark. Const. Art. 9, §§ 3-6 does NOT place any maximum dollar value cap on the protected homestead. Only the acreage is limited (1/4 acre urban, 80 acres rural). A $500,000 value cap does not exist in Arkansas homestead law. This is a critical distinction — candidates familiar with other states' dollar-capped homestead exemptions may incorrectly assume Arkansas imposes a similar cap.
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Related Topics & Key Terms
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