Arkansas Code Title 26. Taxation § 26-24-102. Power and authority generally

(1) The valuation, assessment, and equalization of all property, privileges, and franchises; and

(2) The several county assessors, county equalization boards, and other officers charged with the assessment or equalization of property taxes throughout the state, to the end that all assessments on property, privileges, and franchises in this state shall be made in relative proportion to the just and true value of the property, privileges, and franchises, in substantial compliance with the law.