holding that state constitution required assessment of property on basis of current market value and ordering statewide reassessment
How later courts described this case
- holding that state constitution required assessment of property on basis of current market value and ordering statewide reassessment
- holding the preparation of a libelous credit report to be inherently undiscoverable
Written by the judges who cited it.
The opinion
Conley Byrd, Justice, concurring. I concur in the result that Act 411 of 1973 and Act 188 or 1969 are unconstitutional. However, I do not agree that the term “value” in Art. 16, § 5 of the Constitution of Arkansas must be construed to mean “market value.” The State could elect to tax all property according to its use and still comply with Art. 16, § 5, supra. However, the State cannot tax some properties at “market value” and other property at “use value” and still comply with Art. 16, § 5 because such a system inevitably results in some species of property being taxed higher than other species of property of the same value.
For the reasons herein stated, I concur only in the result.