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ARKANSAS STATUTES AND CODES

§ 26-60-106 - Payment of tax.

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.

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