Statutes > Arkansas Statutes > Title 26 - Taxation > Subtitle 1 - General Provisions > Chapter 3 - Property Subject To Taxation And Exemptions > Subchapter 3 - Exemptions from Taxation > § 26-3-305 - Nonprofit waterworks.

§ 26-3-305 - Nonprofit waterworks.

26-3-305. Nonprofit waterworks.

Waterworks systems owned by nonprofit property owners associations are public property used for public purposes and therefore exempt from ad valorem taxation.