What is the Arkansas tax rate?

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 income tax rate in Arkansas?

Personal Income Tax Rates (Effective January 1, 2020)

Income greater than $79,300
$0-$4,000 2.0%
$4,001 – $8,000 4.0%
$8,001 – $79,300 5.9%
$79,301 and above 6.6%

What is Arkansas state and local tax rate?

The state sales tax rate in Arkansas is 6.500%. With local taxes, the total sales tax rate is between 6.500% and 12.625%. Arkansas has recent rate changes (Thu Apr 01 2021).

Are taxes high in Arkansas?

Arkansas has some of the highest sales taxes in the country. The statewide rate is 6.5%. However, along with that state rate, counties and cities collect their own sales taxes. These can total up to 5.125%, which means the total sales tax rates in some areas is as high as 11.625%.

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What is Arkansas state sales tax rate?

Sales and Use Tax

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

Is Arkansas a tax friendly state?

Arkansas is a relatively tax-friendly state for retirees. Social Security is totally exempt from the state’s income tax. … While the state sales taxes are some of the highest in the country, that is at least partly offset by property taxes that rank among the lowest in the U.S.

Where is the safest place to live in Arkansas?

The Top 10 Safest Cities in Arkansas

  • Bella Vista.
  • Greenwood.
  • Cabot.
  • Lowell.
  • Bentonville.
  • Farmington.
  • Prairie Grove.
  • Maumelle.

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.

What city has the highest sales tax in Arkansas?

Arkansas: Sales Tax Handbook

Combined with the state sales tax, the highest sales tax rate in Arkansas is 11.5% in the city of Gould.

What is Arkansas sales tax 2020?

Sales Tax (Gross Receipts Tax)

Current Tax Rate is 6.5% (non-food items).

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.

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What is tax free in Arkansas?

Beginning at 12:01 a.m. on Saturday August 7, 2021, and ending at 11:59 p.m. on Sunday August 8, 2021, the State of Arkansas will hold its sales tax holiday allowing shoppers the opportunity to purchase certain Electronic Devices, School Supplies, School Art Supplies, School Instructional Materials, and Clothing free …

Is food taxed in Arkansas?

In the state of Arkansas, any food or food ingredients taxed will be taxed at a reduced state rate of 1.5%. Some food items are considered to be ineligible for a reduced rate will be taxed at the regular state rate.

How much is tax on fast food in Arkansas?

The sales and use tax rate for the State of Arkansas is 6.5% imposed on sales of tangible personal property and various types of services. Food and food ingredients are taxed at a reduced rate of 1.50%.

Which state has highest sales tax?

Head West to California. California has the highest sales tax rate of any state at 7.25 percent. As we’ve already talked about, California also houses cities with high sales tax rates, making the combined sales tax rates in cities in the Golden State some of the highest in the nation.

How much are taxes on a car in Arkansas?

Arkansas Sales Tax on Car Purchases:

Arkansas collects a 6.5% state sales tax rate on the purchase of all vehicles which cost more than 4,000 dollars.

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