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.
What is Arkansas’s sales tax rate on a new car?
- The sales tax is calculated on the total amount of the sale (less trade-in value). This holds true for private car sales or vehicles purchased from car dealers in Arkansas. The percentage of sales tax charged is generally 6 percent of the total sales price.
What is the tax on a dollar in Arkansas?
The base state sales tax rate in Arkansas is 6.5%.
How much are sales tax in Arkansas?
Arkansas has a 6.5% state sales and use tax, with food and food ingredients taxed at a lower rate of 0.125%. Pulaski County levies a 1% sales tax. Little Rock’s municipal sales-tax rate is 1.5%. As a result, state, county and local taxes currently add up to the 9% overall rate in Little Rock.
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 much is sales tax on a vehicle in Arkansas?
Arkansas collects a 6.5% state sales tax rate on the purchase of all vehicles which cost more than 4,000 dollars. Vehicles which were purchased at a cost of 4,000 dollars or less are not applicable for state sales tax, and will not be charged.
Which state has the highest sales tax?
The five states with the highest average combined state and local sales tax rates are Louisiana (9.55 percent), Tennessee (9.547 percent), Arkansas (9.48 percent), Washington (9.29 percent), and Alabama (9.22 percent).
How much sales tax is on a dollar?
Federal Revenues from Sales Taxes While Alberta does not have a provincial sales tax, the federal 5% Goods and Services Tax (GST) still applies.
How do I figure out sales tax?
Multiply retail price by tax rate Your math would be simply: [cost of the item] x [percentage as a decimal] = [sales tax]. That’s $100 x. 05 =$5. Since you’ve figured out the sales tax is $5, that means the total you’ll pay is $105.
What is the sales tax in Southside Arkansas?
Sales tax rate in Southside, Arkansas is 8.000%. Sales tax jurisdiction is County of Independence.
Which state has no sales tax?
Alaska. 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 the sales tax in Fort Smith Arkansas?
State of Arkansas Sales Tax: 6.5% City of Fort Smith Tax: 2% Sebastian County Tax: 1.25%
Which states have no state tax?
Only seven states have no personal income tax:
- Wyoming.
- Washington.
- Texas.
- South Dakota.
- Nevada.
- Florida.
- Alaska.
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.
Do you pay sales tax on a house in Arkansas?
In the state of Arkansas, residential property is taxed at the state, county, city and school district level. The statewide average effective property tax rate is 0.61%.