Property Tax The State of Arkansas does not have a property tax; however, Arkansas cities and counties do collect a property tax. The tax is calculated based on 20% of the fair market value of real and personal property.
Shown below are Little Rock rates – you may call for millage rates in other areas:
Living in the City of Little Rock Little Rock CAMM None None Attending School in LRSD PCSSD LRSD LRSD PCSSD Millage Rate $70.10 $64.40 $64.50 $56.50 $50.80 Effective Rate 1.40% 1.29% 1.23% 1.13% 1.02%
Sales and Use Tax Arkansas State Sales Tax 6.5% Pulaski County Sales Tax 1.0% Little Rock Sales Tax 1.5% Total 9.0%
Corporate Income Tax Domestic corporations and all foreign corporations doing business in Arkansas are subject to tax on net income at the following rates:
First $3,000 1% Next $3,000 2% Next $5,000 3% Next $14,000 5% Next $75,000 6% Over $100,000 6.5%
Individual Income Tax Resident and nonresident individuals, estates, and trusts deriving income from within the state are subject to a tax on their net income at the following rates:
Net Taxable Income Rate First $4,199 0.9% Next $4,100 2.5% Next $4,100 3.5% Next $8,300 4.5% Next $13,900 6.0% $34,600 & over 7.0%