Financial & Assessment Core

Assessor Fair Market Value

$6,850

Taxable Assessed Value

$1,370

Est. Benchmark Tax (Unadjusted)

$38 / yr

at 0.55% benchmark baseline

Check Tax Equity Comps →

Cadastral Land Area

40.98 Acres

1,785,088 sq ft

Cadastral Attributes & Deed Registry

Recorded Legal Owner	Osborne Family Farm Trust
Land Classification	S05 T13 R03
Improvement Share	0% Structure • 100% Land
Legal Description	W1/2 L2 NE FRL

Tax Equity Assessment Comps & Appeal Intelligence

🎯 Inequity Identified (4 Verified Comps)

Elgin Rd is cataloged under the Independence County, AR property tax appraisal roll with an assessor fair market valuation of $6,850. The underlying cadastral land allocation is assessed at $6,850. The property's assessed valuation of $1,370 reflects the Arkansas constitutional 20% fractional assessment standard. Based on the prevailing AR benchmark tax rate of 0.55%, estimated annual ad valorem taxes are approximately $38/year.

Assessed Land Valuation Baseline

$0.0038 / sq ft

Pure Cadastral Land Allocation ($6,850)

Plat Equity Disparity

Up to 47.5% Lower

Avg 47.3% reduction across 4 comps

Post-Transfer Tax Shock Savings

$18 / yr

Current bill protected at $8/yr under statutory cap

Verified Pure Land Comparables (Private Holdings on Immediate Plat):

Comparable APN	Street Address / Owner	Land Area	Certified Land Value	Land Rate / sq ft	Inequity Gap
VERIFIED COMP 0100124000	E1/2 SW Otter Lake Outfitters Llc	3,571,920 sq ft	$7,200	$0.0020	-47.5%
LOCKED 010012•••••	W1/2 S•••••••••••• Otte••••••••••••	3,571,920 sq ft	$7,200	$0.0020	-47.5%
LOCKED 010012•••••	PT W1/•••••••••••• Otte••••••••••••	2,474,208 sq ft	$5,000	$0.0020	-47.3%
LOCKED 010012•••••	E1/2 S•••••••••••• Osbo••••••••••••	3,788,413 sq ft	$7,700	$0.0020	-47.0%

Official Value Adjustment Board (VAB) Evidence Packet Ready

Under Florida Statutes § 193.011 and county appraisal guidelines, presenting verified lower-assessed adjacent land comparables establishes prima facie proof of unequal assessment. Open the official certified evidence packet ready for VAB board submission.

🔒 Orders Paused for System Maintenance

Adjacent Property & Address	City	Just Valuation
SE NW LYING S OF ELGIN RD, Independence, AR	Independence	$100
PT L1 & L2 SW NW, Independence, AR	Independence	$18,550
SW NW LYING S & W OF ELGIN RD, Independence, AR	Independence	$1,700
E1/2 SW, Independence, AR	Independence	$7,200
PT W1/2 SE, Independence, AR	Independence	$300
PT NW SE LYING N&E OF HWY 37 AND N&W OF CURIA CREEK, Independence, AR	Independence	$13,650

Elgin Rd

Tax Equity Assessment Comps & Appeal Intelligence

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