- Associated Press - Saturday, April 18, 2015

LITTLE ROCK, Ark. (AP) - A Pulaski County judge has approved a plan to settle a 2008 case involving $3.2 million in illegally collected property tax revenue.

Circuit Judge Tim Fox approved the settlement Friday, ending nearly seven years of litigation over a tax increase that benefited the Central Arkansas Library System.

The Arkansas Democrat-Gazette reports (https://bit.ly/1CZpaP ) there are more than 11,200 refund applications to claim $459,582 of the money so far. Refund checks will be sent out this summer.

The settlement ends a lawsuit brought in 2008 on behalf of four property owners who alleged that agencies had started assessing a tax for library improvements a year too early.

A tentative agreement was reached in December before being approved by the judge on Friday.

__

Information from: Arkansas Democrat-Gazette, https://www.arkansasonline.com

LOAD COMMENTS ()

 

Click to Read More

Click to Hide