Opinion No.

The Honorable Ted E. Mullenix State Representative 140 Riverside Drive Hot Springs, Arkansas 71913

Dear Representative Mullenix:

This is in response to your request for an opinion on several questions relating to property taxes imposed by school districts. You have included with your request a letter from an officer of a citizens' group that states that a specified district's rate of tax includes 10.2 mills for the retirement of existing indebtedness but that, owing to refinancings and increases in property valuations, it is estimated (by the citizens' group) that a rate of less than four mills…