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Senate committee approves bill to protect schools and counties during property-tax appeals
Summary
The Senate Revenue & Tax Committee passed House Bill 15-62 to require taxpayers disputing real-property assessments to either pay an agreed portion, post the least of three calculations, or allow the court process to proceed—meant to prevent budget shortfalls for school districts and counties during long appeals.
House Bill 15-62 was presented by Representative Meeks as a compromise bill intended to protect school districts and counties when large property-tax disputes are litigated. Meeks recounted a 2013 Faulkner County case in which a company initially paid disputed amounts, the schools received the funds, but later a court ruling required…
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