Arkansas Code Title 14. Local Government § 14-118-310. Order for assessment

(1) There shall be assessed upon the real property of the district a tax sufficient to pay the estimated cost of acquiring lands, easements, and rights-of-way and other costs required by the construction of the project by the United States, the estimated cost to complete the improvements, and the estimated cost to maintain the works after completion, with ten percent (10%) added for unforeseen contingencies;

(2) The tax shall be paid by the owner of the real property in the district in proportion to the amount of the assessment of benefits thereon and which is to be paid in annual installments, not to exceed twenty-five percent (25%) for any one (1) year, as provided in the order. The tax so levied shall be a lien upon all real property in the district from the time the tax is levied by the court, shall be entitled to preference over all demands, executions, encumbrances, or liens whensoever created, and shall continue until the assessment with penalty and cost that may accrue thereon shall have been paid.