Arkansas Motor Vehicle Pool Use of Vehicle Authorization
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How to fill out Motor Vehicle Pool Use Of Vehicle Authorization?
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Acceptable proof is either a statement from your county tax collector, or certification of "FIRST ASSESSMENT" stamped on your assessment papers. Proof of liability insurance coverage on the vehicle being registered and titled.
Ark. Code Ann. § 27-14-1004(a) imposes a late registration penalty of $3.00 for each ten days a person fails to properly register a motor vehicle until the penalty reaches the same amount as the annual license fee of the vehicle, which may range from $17.00 to $30.00.
Vehicle Assessment Before renewing your license you are required by Arkansas law to assess your vehicle with your county assessor. Assessments are due by May 31 each year.
Most counties offer online assessment. You must assess between January 1 and May 31 each year.
(c) In the case of a violation, the department shall terminate the suspension upon payment by the owner of the motor vehicle of a reinstatement fee of one hundred dollars ($100) and submission of proof of current insurance as verified through the online insurance verification system.
You'll need the Title or Bill or Sale, the latter of which includes a federal odometer statement, as well as your insurance card. You should also bring your county tax assessment if you've lived in the county the previous year. Also provide proof of any property taxes you've paid on the vehicle.
Personal Property is assessed annually and it's value determined as of January 1 of each assessment year. Personal Property should be itemized and reported to the assessor by May 31 to avoid a late assessment penalty of 10%.
Assessed value is equal to 20% of the appraised value of a property. For example, a home that has a market value of $100,000 would have an assessed value of $20,000. So tax rates only apply to that $20,000. One important note about assessed value in Arkansas is that it cannot increase by more than 5% in any one year.
