The Final Ratio Study is required by Arkansas Statute (A.C.A. § 26-26-304) in order to evaluate the accuracy and uniformity of assessments within Arkansas counties to ensure compliance with State standards. The Study uses standard statistical measurements to determine the relationship between the appraised values and actual sale prices (market value). On the appraisal date, January 1st, of the year of reappraisal, these values, appraised and market, should be similar. As time passes between reappraisals the disparity between these values may increase.
The Official Website of the State of Arkansas
