A CONSTITUTIONAL AMENDMENT CONCERNING THE DETERMINATION OF THE TRUE VALUE IN MONEY OF REAL PROPERTY FOR ASSESSMENT PURPOSES.

SJR 14 proposes a constitutional amendment concerning the method for determining the "true value in money" of real property in Arkansas for assessment purposes. If passed by the legislature, this amendment would be presented to the state's electors for approval or rejection at the next general election. If adopted by voters, it would modify the state's constitution regarding how real estate is valued for property tax assessments, directly impacting real property owners.