Waterworks systems owned by nonprofit property owners associations are public property used for public purposes and therefore exempt from ad valorem taxation.Acts 1983, No. 332, § 1; A.S.A. 1947, § 84-216. Waterworks systems owned by nonprofit property owners associations are public property used for public purposes and therefore exempt from ad valorem taxation.Acts 1983, No. 332, § 1; A.S.A. 1947, § 84-216.
Arkansas Legal Code