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[7 Apr 2011 | 5 Comments | 6,283 views]
Amendment 79 — why you should care about it

Although they’ve been around for a  few years, Amendment 79 to the Arkansas Constitution and a companion piece of legislation — Act 2284 of 2005 — still leaving some home buyers scratching their heads.
Here’s a word of advice — if you’re going to purchase a home in this state, you need to be aware of Amendment 79 and Act 2284 as those can work to increase how much property taxes you pay after purchasing a house.
In a nutshell, Amend79 states that the taxable assessed value of a property can’t increase …