Producing Mineral Interests are assessed for Ad Valorem purposes at Market Value in regards to Arkansas Law, Rules and Guidelines as follows in the Guidelines below. Market Value is the price a willing buyer, from the open market, would pay for your Mineral Interest in current prevailing market conditions as of the assessment date, January 1.
Special Report
This is the final report titled Recommendations for Improvement of Arkansas’ Oil and Gas Assessed Valuations as prepared by Resource Technologies Corporation (RTC) as required in Professional Services Contract #4600040158.
The report was commissioned as an independent, professional evaluation of our current processes in determining a fair and equitable valuation of the market value of oil and gas mineral rights as prescribed by the Arkansas Constitution.
This report contains evaluations and recommendations from RTC. No actions or decisions have been made regarding any changes or modifications mentioned in the report.
AACD is continuing to work with county Assessors, Collectors, County Judges, school district representatives, industry partners, legislators and executive branch staff as to what, if any changes, modifications, or updates may be needed.
AACD will follow all procedures in regards to public meetings if and when any changes to our rules are proposed.
If you have any questions about the report please contact our offices.
Mineral Guidelines
Values provided in the guidelines below should be used by all counties and apply to all producing mineral interests in the county each year.
