Arkansas Court of Appeals Recognizes Challenge to Property Tax Assessment on Mineral Rights

The Arkansas Court of Appeals recognized the validity of a taxpayer's challenge to the valuation of mineral rights in SWN Production Company (Arkansas), LLC V. Stobaugh, 2021 Ark. App. 324 (September 8, 2021). The opinion, which reversed the circuit court's dismissal of the valuation challenge, continues the trend of limiting authority of Assessment Coordination Division (ACD) guidelines and is also notable for recognizing that a valuation challenge no longer involves deference to the assessor. [More]