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Transfer Of TitleTaxesHARD

Arkansas property is assessed at what percentage of market value?

Correct Answer

B) 20% of appraised value

Arkansas assesses property at 20% of appraised market value.

Answer Options
A
100%
B
20% of appraised value
C
50%
D
75%
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Related Topics & Key Terms

Related Topics:

property-tax-calculationassessment-ratiosmarket-value-vs-assessed-valuemillage-rates

Key Terms:

assessment ratioArkansas Amendment 79appraised valuead valorem taxproperty tax calculation
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