State Codes and Statutes

Statutes > Arkansas > Title-26 > Subtitle-5 > Chapter-60 > 26-60-106

26-60-106. Payment of tax.

The tax levied by this chapter:

(1) Applies at the time of transfer;

(2) Shall be computed on the basis of the full consideration for the real estate transferred; and

(3) Unless agreed upon otherwise, shall be paid one-half (1/2) by the grantor or seller and one-half (1/2) by the grantee or purchaser.

State Codes and Statutes

Statutes > Arkansas > Title-26 > Subtitle-5 > Chapter-60 > 26-60-106

26-60-106. Payment of tax.

The tax levied by this chapter:

(1) Applies at the time of transfer;

(2) Shall be computed on the basis of the full consideration for the real estate transferred; and

(3) Unless agreed upon otherwise, shall be paid one-half (1/2) by the grantor or seller and one-half (1/2) by the grantee or purchaser.