6.5%.
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.
How do you figure sales tax in Arkansas?
Arkansas: Sales Tax Handbook
Arkansas has a 6.5% statewide sales tax rate, but also has 409 local tax jurisdictions (including cities, towns, counties, and special districts) that collect an average local sales tax of 2.627% on top of the state tax.
What is sales tax in Arkansas 2022?
6.5%
Current Tax Rate is 6.5% (non-food items).
What is the grocery tax in Arkansas?
0.125%
State Tax Rates
| Statewide Tax Rates | Code | Rate |
|---|---|---|
| State Sales and Use Tax | – | 6.500% |
| State Reduced Food Tax | – | 0.125% |
| State Electricity Manufacturing Tax | – | 1.625% |
| State Manufacturing Utility Tax | – | 0.625% |
What is retail sales tax in Arkansas?
6.500%
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.
How much is sales tax on a $7000 car in Arkansas?
Do I have to pay sales tax on a used car in Arkansas? Vehicles priced under $4,000 are exempt from sales tax. Vehicles priced from $4,000 to $10,000 are taxed at 3.5%. Vehicles priced over $10,000 are taxed at 6.5%.
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 tax-friendly state for retirees.
Why is sales tax so high in Arkansas?
In addition to having one of the broader sales tax bases in the country, Arkansas also has the third highest average sales tax rate in the country (including local sales tax rates). Together, these mean that Arkansas is heavily reliant on the sales tax for funding state and local government services.
Is Arkansas a high tax state?
Arkansas has a 6.50 percent state sales tax rate, a max local sales tax rate of 6.125 percent, and an average combined state and local sales tax rate of 9.47 percent. Arkansas’s tax system ranks 44th overall on our 2022 State Business Tax Climate Index.
What city has the highest taxes in Arkansas?
Arkansas: Sales Tax Handbook
Combined with the state sales tax, the highest sales tax rate in Arkansas is 12.625% in the city of Gillham.
Which state has no sale tax?
Known as ‘The Last Frontier’, Alaska is the most tax-friendly state in the country. It has no sales tax and no state income tax. Alaska charges a slightly higher than average property tax rate of 1.18%, but the state has several ways to apply for property tax exemptions.
What is Arkansas liquor tax?
“Spirituous Liquor” is taxed at the rates of: Two dollars and fifty cents ($2.50) on each gallon sold or offered for sale in the State of Arkansas AND.
Statistics.
| Title | Posted |
|---|---|
| Liquor Revenue FYE 2020 | 07/02/2020 |
| Liquor Revenue FYE 2019 | 07/05/2019 |
| Liquor Revenue FYE 2018 | 07/03/2018 |
| Liquor Revenue FYE 2017 | 07/03/2017 |
What is the gasoline tax in Arkansas?
$0.245 / gallon
Gas tax by state
| State | Gasoline Tax | Aviation Fuel Tax |
|---|---|---|
| Arkansas | $0.245 / gallon | no tax |
| California | $0.539 / gallon | $0.18 / gallon |
| Colorado | $0.22 / gallon | $0.06 / gallon |
| Connecticut | $0.0 / gallon*** | 8.1% petroleum products gross earnings tax |
What is not taxed in Arkansas?
Some goods are exempt from sales tax under Arkansas law. Examples include prescription drugs, purchases made with food stamps, and some farming equipment.
What state has the highest sales tax?
Here are the 10 states with the highest sales tax rates:
- California (7.25%)
- Indiana (7.00%)
- Mississippi (7.00%)
- Rhode Island (7.00%)
- Tennessee (7.00%)
- Minnesota (6.88%)
- Nevada (6.85%)
- New Jersey (6.63%)
What items are taxable in Arkansas?
Arkansas imposes sales tax on all purchases of tangible personal property unless a specific exemption applies. Services are taxable only if the service is specifically enumerated by law as a taxable service. Use tax was designed to assure fair competition between Arkansas businesses and their out-of- state competitors.
How much will it cost to tag my car in Arkansas?
Other fees
| Validation decal fee | $2.50 |
|---|---|
| Postage | $0.39 |
| Title fee | $10.00 |
| Tag transfer fee | $1.00 |
| Lien filing fee | $0.50 |
How much is tax title and registration in Arkansas?
How to estimate Arkansas tax, title, and registration fees
| Cost | Average cost |
|---|---|
| Sales tax | 9.133% |
| Registration fee | $17 to $30 |
| Title fee | $10 |
| Plate transfer | $1 |
How much is vehicle property tax in Arkansas?
The assessment is 20 percent applied to the “true market value” of real property and to the usual selling price of personal property. The tax due is calculated as the assessed value times the local mileage rate.
At what age do you stop paying property taxes in Arkansas?
Age 65 or Disabled Homeowner Property Tax Relief
If a person who is age 65 or older or who is disabled purchases a homestead property, the taxable assessed value of the residence can be frozen as of the date of purchase. Eligible homeowners must apply for the “freeze” with the county assessor’s office.
Why is Arkansas not a good place to retire?
The study said Arkansas has the 5th worst property crime rate and the 5th worst life expectancy rate in the country. It also ranked poorly in the WalletHub ‘taxpayer’ ranking, the elderly-friendly labor market and the number of health-care facilities per capita.