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Arkansas Property Tax Relief, Proposed Amendment 59 (1980)
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The Arkansas Property Tax Relief Proposed Amendment, also known as Proposed Amendment 59, was on the ballot in Arkansas on November 4, 1980, as a legislatively referred constitutional amendment. It was approved. The measure reduced property taxes by providing for adjustment and rollback of millage rates when assessed property values go up by more than 10 percent.[1][2]
Election results
Arkansas Proposed Amendment 59 (1980) | ||||
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Result | Votes | Percentage | ||
![]() | 649,307 | 80.97% | ||
No | 152,629 | 19.03% |
Election results via: Arkansas Secretary of State
Text of measure
The question on the ballot:
A proposed constitutional amendment to reduce the property tax burden upon the taxpayers in this state by establishing procedures to provide for the adjustment or rollback of millage rates whenever assessed value of property in a taxing unit goes up more than ten percent (10%) as a result of a county-wide reappraisal and reassessment of property; to establish procedures for planned reductions in personal property taxes and taxes paid by public utilities and regulated carriers following a county-wide tax reappraisal and reassessment; to provide that lands used for agricultural, pasture, timber, residential and commercial purposes shall be assessed for taxation according to productivity or use; to repeal Section 5 of Article XVI of the Constitution of 1874 to be replaced by a new Section 5 that would authorize the general assembly, by a three-fourths (3/4ths) vote, to establish a method of assessing property in some method other than according to its current market value; and to authorize the general assembly, upon a three-fourths (3/4ths) vote of the members elected to each house, to provide that the valuation of real property actually occupied by its owner as a residence who is sixty-five (65) years of age, or older, may be exempted as a homestead in an amount no greater than the first twenty thousand dollars ($20,000) in value thereof.[2][3] |
See also
- Arkansas 1980 ballot measures
- 1980 ballot measures
- List of Arkansas ballot measures
- History of Initiative & Referendum in Arkansas
External links
Footnotes
- ↑ Arkansas Secretary of State, "Initiatives and Amendments 1938-2010," accessed August 26, 2015
- ↑ 2.0 2.1 Inter-university Consortium for Political and Social Research, "Referenda Elections for Arkansas," accessed August 26, 2015
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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State of Arkansas Little Rock (capital) |
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