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Committee approves bill limiting "dark‑store" comparables and requiring disclosure in appeals
Summary
Senate Bill 530, aimed at blocking valuation tactics that use vacant or restricted 'dark‑store' comparables to lower property assessments, passed the committee after proponents said the change would protect local tax bases and opponents raised constitutional and evidentiary concerns.
The Senate Revenue & Tax Committee passed legislation intended to limit use of certain vacant or restricted "dark‑store" comparables in property tax appeals and to require disclosure of lease or deed restrictions for comparable properties.
Washington County Assessor Russell Hill and Lindsey Bailey of the Association of Arkansas Counties testified for Senate Bill 530, telling the committee the measure would not change how assessors value property…
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