§ 26-27-319 - Resolution of valuation adopted.
26-27-319. Resolution of valuation adopted.
(a) Each county equalization board, immediately on the completion of its work of equalization and before final adjournment, shall adopt a resolution wherein it shall be stated the percentage of true market or actual value at which it has equalized the assessed values of the property of the county under its jurisdiction for the year.
(b) The resolution shall be signed by a majority of the members of the board. A copy of the resolution, together with an abstract of the adjusted assessment by total of items and value, shall be forwarded to the Arkansas Public Service Commission on or before the first Monday in October of each year.