This bill amends the law regarding applications for the adjustment of property assessments in Arkansas. It specifies that the county equalization board does not have jurisdiction to determine certain property tax relief qualifications, including the county assessor's determination of a property's tax-exempt status, the valuation of agricultural land, and the valuation of producing mineral rights. Notably, the bill adds that the county equalization board also cannot consider whether a property qualifies for homestead property tax relief for individuals who are disabled or aged sixty-five and older.

Additionally, the bill establishes that petitions related to these matters must be filed with the county court, which is granted exclusive original jurisdiction over such claims. This change aims to streamline the process for property owners seeking adjustments to their assessments by directing them to the appropriate judicial authority rather than the county equalization board.

Statutes affected:
HB 1760: 26-27-317(a)
Act 486: 26-27-317(a)