Arkansas Passes Law Excluding Intangibles From Self-Storage Tax Valuations
Arkansas Governor Sarah Huckabee Sanders has signed House Bill 1475 into law, preventing county assessors from including intangible property when determining property tax values. The bill, strongly backed by the Arkansas and national Self Storage Associations, aims to protect self-storage operators from inflated tax assessments.
Key Points:
1
HB 1475 excludes intangible property—such as goodwill, rental agreements, and customer lists—from property tax assessments.
2
Facility owners can now request a written explanation on how intangibles were excluded from their property’s valuation.
3
The bill received unanimous support, passing the Arkansas House and Senate without opposition.

.png)