Opinion No.

The Honorable Armil O. Curran State Representative 210 West Main Clarksville, Arkansas 72830-3019

Dear Representative Curran:

This is in response to your request for an opinion on a question involving the "rollback" of personal property tax rates pursuant to Amendment 59 of the Arkansas Constitution. Specifically, you indicate that in one of the school districts in your area, the assessed value of taxable personal property is less for 1993 than it was for 1992. You also note that apparently, the rates on personal property and real property in the district have not "equalized" in the manner…