§ 26-80-404 - Calculation of compliance with the uniform rate of tax.
26-80-404. Calculation of compliance with the uniform rate of tax.
(a) On or before October 1 of each year, the Department of Education, in conjunction with the Assessment Coordination Department, shall monitor each school district's compliance with the uniform rate of tax.
(b) (1) The Department of Education and the Assessment Coordination Department shall determine compliance with the uniform rate of tax by analyzing the millage rate levied for maintenance and operation millage from the most recent school election in a school district in which the ad valorem tax rate was voted upon.
(2) If the millage rate levied for maintenance and operation millage is equal to or greater than twenty-five (25) mills, then the school district is in compliance with the uniform rate of tax and Arkansas Constitution, Amendment 74.