|
Taxes
Sales tax in Rogers is 9.0%
Sales tax in Lowell is 9.0%
Industrial Real Estate and Personal
Property Tax
Ratio of Assessment: Industrial –
Real/Industrial – Personal: 20%
Includes: Production, machinery depreciation
schedule and equipment, raw materials
inventory (average for 1 month),* goods in
process inventory (average for 1 month),*
finished goods inventory (average for 1
month).*
*
Unless exempt by Freeport Law
Personal Property Depreciation Schedule
| Furniture,
fixtures |
10 years –
25% residual |
| Machinery,
equipment |
12 years –
24% residual |
| Computer
equipment |
7 years – 25
% residual |
Actual determination of market value is
negotiable with the local assessment office.
For actual dollar data, call the Benton
County Assessor’s Office,
Industrial/Commercial Division at
479-271-1033.
Residential Real Estate and Personal
Property Tax
Arkansas does not collect a state property
tax, however, cities and counties collect
property tax, which is the principal source
of revenue for those units of government. In
Benton County, assessments are made on all
property, real and personal. The assessment
on real estate is 20% of the true or market
value. Personal property tax assessment is
20% of the usual value of such property.
Tax rate per $1,000 of assessed value:
Rogers
|
City of Rogers
|
$4.80 |
|
Benton County
|
$6.00 |
|
Rogers School
District |
$39.40 |
|
NWA Community
College |
$2.60 |
|
Total
|
$52.80 |
Rogers residents in Bentonville
School District
|
City of Rogers
|
$4.80 |
|
Benton County
|
$6.00 |
|
Bentonville
School District |
$40.80 |
|
NWA Community
College |
$2.60 |
|
Total
|
$54.20 |
Lowell
|
City of Lowell
|
$5.20 |
|
Benton County
|
$6.00 |
|
Rogers School
District |
$39.40 |
|
NWA Community
College |
$2.60 |
|
Total
|
$53.20 |
Income Tax
Arkansas traditionally ranks low in per
capita state taxes. State income tax is
based on income and levied on residents and
non-residents, individuals, estates and
trusts. The indexed tax tables are based on
the following brackets:
| At least |
Not more
than |
Tax rate |
| $0 |
$3,299 |
1% |
| $3,300 |
$6,599 |
2.5% minus $49.49 |
| $6,600 |
$9,899 |
3.5% minus $115.48 |
| $9,900 |
$16,499 |
4.5% minus $214.47 |
| $16,500 |
$27,499 |
6.0% minus $461.96 |
| $27,500 + |
|
7.0% minus $736.95 |
If a formula is used to calculate Arkansas
income tax, the results must match the above
table exactly. The calculations in the table
are made at the midpoint of each bracket.
For assistance or the latest tax brackets,
contact the Arkansas Department of Finance &
Administration at
www.arkansas.gov/dfa or 501-682-2242.
|
