§ 26-27-202 - Meeting.
26-27-202. Meeting.
(a) The Arkansas Public Service Commission shall meet as the State Equalization Board on the first Monday in October of each year for the purpose of equalizing the taxable valuation of all real or personal property.
(b) The board shall:
(1) Examine and compare the returns of the assessment of property in the counties of this state;
(2) Summon and hear witnesses and make or cause to be made investigation relative thereto; and
(3) Proceed to equalize the property, so that all the taxable property throughout this state shall be assessed uniformly at its true and full market or actual value, or at such percentage as has been duly certified by the commission.