Arkansas § 8-7-706 - Ad valorem tax exemption.
Full text of Arkansas Arkansas Code of 1987 Annotated § 8-7-706 — Ad valorem tax exemption., with citation guidance and answers to common questions.
§ 8-7-706. Ad valorem tax exemption.
Upon initiation of a response action at a hazardous site, such hazardous site shall be appraised at no value for purposes of any ad valorem taxes levied by any state, county, or local governmental authority unless and until the Division of Environmental Quality issues an order wholly terminating the construction and use prohibitions established by § 8-7-705 . This section shall not apply to the interest in such hazardous site owned by any passive-site owner or its successors and assigns that have violated § 8-7-703(a) .
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 8-7-706
What does Arkansas Code of 1987 Annotated § 8-7-706 cover?
Section 8-7-706 ("Ad valorem tax exemption.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 8-7-706?
A common citation format is "Arkansas Code of 1987 Annotated § 8-7-706" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 8-7-706 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.