Form A-15 "Notice of Real Estate Value Change" - Arkansas

Form A-15 or the "Notice Of Real Estate Value Change" is a form issued by the Arkansas Assessment Coordination Department.

The form was last revised in April 1, 2018 and is available for digital filing. Download an up-to-date Form A-15 in PDF-format down below or look it up on the Arkansas Assessment Coordination Department Forms website.

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Download Form A-15 "Notice of Real Estate Value Change" - Arkansas

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MM/DD/YYYY
County Assessor
Notice of Real Estate Value Change
and Board of Equalization
123 Disney Street
This is NOT a Tax Bill
City, AR (Zip Code)
A value change has been made on the property described below. The new value will be used to calculate property
taxes for the assessment year 20XX for taxes due in 20XX. The last countywide reappraisal in County was completed in
20XX.
Section I. Description
Parcel:
RPID:
S-T-R:
Address:
Legal:
School:
Acreage:
Subdivision:
Lot:
Block:
Section II. Reason for this Notice
New Construction/Newly Discovered
Properties are continually reviewed by the Assessor to record information that might affect their value. These changes
may include new construction, previously unassessed property or improvements, extensive damage or demolition,
property splits or combinations, a change in their use or ownership, etc.
Section III. Valuation
Assessment
Estimated
Assessed Value
Taxable
Year
Market Value
(20% of Market)
Value*
Previous Value:
Current Value:
*Current Taxable Value is the Previous Taxable Value plus any allowed annual increases provided by Amendment 79.
See "Limitations on Taxable Value Increases Provided by Amendment 79" in Section VI on reverse side of this form.
The Taxable Value is multiplied by the millage rate to compute the amount of base taxes.
Taxable Value may become the current assessed value (20% of Market) after the sale of property.
MM/DD/YYYY
County Assessor
Notice of Real Estate Value Change
and Board of Equalization
123 Disney Street
This is NOT a Tax Bill
City, AR (Zip Code)
A value change has been made on the property described below. The new value will be used to calculate property
taxes for the assessment year 20XX for taxes due in 20XX. The last countywide reappraisal in County was completed in
20XX.
Section I. Description
Parcel:
RPID:
S-T-R:
Address:
Legal:
School:
Acreage:
Subdivision:
Lot:
Block:
Section II. Reason for this Notice
New Construction/Newly Discovered
Properties are continually reviewed by the Assessor to record information that might affect their value. These changes
may include new construction, previously unassessed property or improvements, extensive damage or demolition,
property splits or combinations, a change in their use or ownership, etc.
Section III. Valuation
Assessment
Estimated
Assessed Value
Taxable
Year
Market Value
(20% of Market)
Value*
Previous Value:
Current Value:
*Current Taxable Value is the Previous Taxable Value plus any allowed annual increases provided by Amendment 79.
See "Limitations on Taxable Value Increases Provided by Amendment 79" in Section VI on reverse side of this form.
The Taxable Value is multiplied by the millage rate to compute the amount of base taxes.
Taxable Value may become the current assessed value (20% of Market) after the sale of property.
Notice of Real Estate Value Change - Hot Spring County, Arkansas
This is NOT a Tax Bill
Section IV. Your Rights
You have the right to informally review the reason and new valuation with an appraiser. If you have any questions about
the new estimated market value or wish to have it reviewed, please contact:
The appraisers will be available between 8:30 and 4:30 PM at 1-XXX-XXX-XXXX
If you have any questions regarding the Homestead Tax Credit please contact the County Assessor's office at
123 Disney St, City, Ar (Zip code), or call XXX-XXX-XXXX
You have the right to appeal the new valuation to the County Equalization Board (even if it was changed during an
informal hearing). To schedule an appointment with the Board please call XXX-XXX-XXXX. The Equalization Board will
be in regular session from August 1 through September 30. You must schedule your appointment on or before August
20, 2018.
You have the right to appeal the Equalization Board's decision to the County Court and then to the Circuit Court. You
must, however, appeal to the Equalization Board before proceeding further.
Section V. How You May Appeal Your New Estimated Market Value
Under A.C.A. § 26-27-317, you have the right to appeal the valuation of your property as determined by the County
Assessor.
You or your agent have the right to present to the County Equalization Board any evidence you believe supports a
valuation of the property that is different from the valuation set by the County Assessor.
After all evidence has been submitted by you and the County Assessor, the Equalization Board shall consider all
evidence presented at the hearing and make a determination based on the preponderance of the evidence to either
accept the County Assessor’s valuation or raise or lower the valuation of the property.
Section VI. Limitations on Taxable Value Increases Provided by Amendment 79
0% Limitation: Taxable Values on properties SERVING as the principal place of residence for any owner who is
disabled or who reaches 65 years of age before January 1, 2018 shall be assessed at a level no greater than the
Assessed Value as of the later of: (i) the date the owner attained age 65 or became disabled; or (ii) the date of
purchase if the residence is purchased after attainment of age 65 or disability, per ACT 49 of 2017 (providing claim
has been filed with Assessor and proof has been furnished) plus the full assessed value on any modifications made
to the property that were not previously assessed.
OR
5% Limitation: Homestead eligible Taxable Values on properties SERVING as the principal place of residence for all
other owners shall be limited to a 5% increase over the Previous Taxable Value (providing claim has been filed with
Assessor) plus the full assessed value on any modifications made to the property that were not previously assessed.
The 5% increase will occur yearly until the full assessed value is reached or the property sells.
OR
10% Limitation: Non-Homestead Taxable Values such as agricultural, commercial and/or industrial developments, or
any other property NOT SERVING as owner's principal place of residence shall be limited to a 10% increase over the
Previous Taxable Value plus the full assessed value on any modifications made to the property that were not previously
assessed. The 10% increase will occur yearly until the full assessed value is reached or the property sells.
AND
$350.00 Homestead Tax Credit: Amendment 79 and subsequent Acts also provide that homeowners may receive UP
TO a $350.00 tax credit on property serving as their principal place of residence. If this property is your principal place of
residence and you have not previously filed this information with the County Assessor, you should do so immediately.
The deadline to apply for the 2018 Homestead Credit is October 15, 2019.
Note: A parcel may contain both Homestead and Non-Homestead eligible property.
If property sells the taxable value may become 20% of the market value the following year.
Rev. 4/2018, 6/2017(2)
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