What is the Arkansas state tax?

The Arkansas (AR) state sales tax rate is currently 6.5%. Depending on local municipalities, the total tax rate can be as high as 11.50%.

What is the state income tax for Arkansas?

75% on income up to $4,699, 2.5% on income between $4,700 and $9,199, 3.5% on income between $9,200 and $13,899, 4.5% on income between $13,900 and $22,899, 5% on income between $22,900 and $38,499 and 5.9% on income between $38,500 and $82,000.

Are Arkansas taxes high?

According to a midyear report from the Tax Foundation, a Washington tax-policy group, Arkansas’ average combined state and local sales-tax rate is 9.48%, making it the third-highest statewide average in the country, behind Louisiana at 9.55% and Tennessee at 9.547%. … Little Rock’s municipal sales-tax rate is 1.5%.

Is there a sales tax in Arkansas?

The Arkansas sales tax is 6.5% of the gross receipts from the sales of tangible personal property and certain selected services.

What is Arkansas sales and use tax?

The state Use Tax rate is the same as the Sales Tax rate, 6.500%. In addition, you are required to remit the city and/or county tax where the items are first delivered in Arkansas. A list of tax rates for cities and counties may be obtained from the Sales Tax and Use Tax Section or downloaded from our website.

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Is Arkansas a tax friendly state?

According to the Tax Foundation, Arkansas has the third-highest average combined state and local sales tax rate in the nation. But, overall, Arkansas is a very tax-friendly state for retirees. For more information, see the Arkansas State Tax Guide for Retirees.

What is tax free in Arkansas?

It includes back-to-school supplies, clothing & electronics. That means school supplies and school art supplies will be exempt from state and local state taxes. … This year electronic devices like laptops, keyboards, and cellphones will also be included.

Is Arkansas a good place to live?

Arkansas is a good place to live especially if you prefer to live close to the vast American wilderness. Given the natural beauty of the state and that the cost of living is low across most of the state; there are scores of great areas to live in Arkansas.

Is Arkansas a good place to retire?

Arkansas is one of only 13 states where residents can retire and live comfortably while spending less than $1 million. This is due to the state’s low cost of living and low life expectancy.

Who is exempt from paying sales tax in Arkansas?

Some customers are exempt from paying sales tax under Arkansas law. Examples include government agencies, some nonprofit organizations, and merchants purchasing goods for resale. Sellers are required to collect a valid exemption or resale certificate from buyers to validate each exempt transaction.

Are groceries taxed in Arkansas?

Six states (Arkansas, Illinois, Missouri, Tennessee, Utah, and Virginia) tax groceries at lower rates than other goods. … Most recently, Tennessee cut its sales tax on food to 4 percent from 5 percent in 2017; Arkansas cut its rate to 0.125 percent from 1.5 percent in 2019.

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How much is sales tax on a house in Arkansas?

Property taxes in Arkansas are lower than in most of the rest of the country. The majority of the state’s counties have median annual property tax payments below $800. The statewide average effective property tax rate is 0.61%.

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