FAQ

What Is The State Sales Tax In Arkansas?

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 Arkansas state and local tax rate?

Arkansas has state sales tax of 6.5%, and allows local governments to collect a local option sales tax of up to 5.5%. There are a total of 266 local tax jurisdictions across the state, collecting an average local tax of 2.129%.

What is Arkansas grocery tax?

Food sales tax rates (and general sales tax rates) in these states are as follows: Arkansas: 0.125 percent (6.5 percent), Illinois: 1 percent (6.25 percent), Missouri: 1.225 percent (4.225 percent), Tennessee: 4 percent (7 percent), Utah: 3 percent (6.1 percent), and Virginia: 2.5 percent (5.3 percent).

How is sales tax calculated in Arkansas?

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.

How much is taxes on a dollar in Arkansas?

Other 2021 sales tax fact for Arkansas There is also 232 out of 741 zip codes in Arkansas that are being charged city sales tax for a ratio of 31.309%.

How much is sales tax on a used vehicle in Arkansas?

The sales tax sits at 6.5% for used vehicles. Arkansans do not have to pay the sales tax on used vehicles that cost fewer than $4,000.

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Is Social Security taxable in Arkansas?

For instance, Arkansas exempts Social Security benefits and up to $6,000 of retirement income from its state income tax. And, as a plus for veterans, all military pension income is tax-exempt.

Is Arkansas a high tax state?

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%.

How do I figure out sales tax?

Multiply the cost of an item or service by the sales tax in order to find out the total cost. The equation looks like this: Item or service cost x sales tax (in decimal form) = total sales tax. Add the total sales tax to the Item or service cost to get your total cost.

Does Arkansas have a state tax?

Arkansas assesses an individual income tax using 6 tax brackets ranging from just under 1% up to 7%. Its tax system is designed along the U.S. income tax system and generally adopts most of its tax provisions. More on Arkansas taxes can be found in the tabbed pages below.

Why are property taxes so cheap in Arkansas?

In other words, part of the reason that Arkansas has such low property taxes is because we have very high sales and income taxes (we discussed how high these taxes are in our previous blog post).

What is the sales tax in Hot Springs Arkansas?

Current Tax Rate Information The tax rate for taxable goods and services in Hot Springs (city limits) is 9.5%. Arkansas state law determines what goods and services are taxable.

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