Arkansas Code
Subchapter 4 - Adjustment of Taxes
§ 26-26-405. Personal property interim millage adjustment

PERSONAL PROPERTY INTERIM MILLAGE ADJUSTMENT COUNTY: TAXING UNIT: DATE: Data Needed For Calculation 1. Base year revenues 2. Previous year assessment base 3. New assessment base 4. Current millage by tax source: Maintenance & Operations Bonds or Debt Service Others Millage Adjustment Calculations 1. Determination of assessment base growth factor: Previous New Assessment Base ÷ Assessment Base = Growth Factor ÷ = 2. Millage adjustments by tax source: Growth Factor x Current Millage = Interim Millage/Rounded To M & O x = / Bonds x = / x = / x = / Other x = / x = / x = / TOTAL INTERIM MILLAGE 3. Verification: Total Interim Millage x New Assessment Base = Revenue x =
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