Waterworks systems owned by nonprofit property owners associations are public property used for public purposes and therefore exempt from ad valorem taxation.
Structure Arkansas Code
Subtitle 1 - General Provisions
Chapter 3 - Property Subject to Taxation and Exemptions
Subchapter 3 - Exemptions from Taxation
§ 26-3-301. Property exempt from taxes generally
§ 26-3-302. Intangible personalty
§ 26-3-305. Nonprofit waterworks
§ 26-3-306. Disabled veterans, surviving spouses, and minor dependent children — Definition
§ 26-3-308. Property owned by State Highway Commission or the Arkansas Department of Transportation