What data values a boat in Arkansas?
Multiple guide reports, including J.D. Power Marine and the ABOS Marine Blue Book, reconciled with documented sold-boat data such as BoatWizard's SoldBoats records. Because the guides can diverge materially for the same hull, closed sales carry the most weight in our conclusions.
Does a boat that is no longer seaworthy still have value?
Yes, as salvage. When restoration would cost more than it returns, appraisers shift to a residual approach: the sum of salvageable components less disposal costs. That figure is legitimate and defensible for insurance and estate purposes.
When are boats assessed for Arkansas personal property tax?
Annually, as of January 1. Boats and other personal property must be listed with the county assessor between January 1 and May 31, with a 10% penalty for late assessment; Arkansas values items at the usual selling price of similar property.
Does Arkansas tax a boat on its full appraised value?
No. The assessed value placed on the rolls is capped at 20% of true and full market value under A.C.A. §26-26-303, and the county millage rate applies to that assessed portion. A $50,000 boat is therefore taxed on no more than $10,000 of assessed value.
Is a certified appraisal required before an Arkansas estate sells a boat?
No. The certified-appraiser requirement in A.C.A. §28-51-302 applies only to real property sales by a personal representative. Boats pass through probate as ordinary personal property, though a documented fair market value appraisal still protects the representative when heirs or creditors question the sale price.