Tax Information

Millages

Newport City 51.2
Newport Outside: 44.4
Diaz City (NS) 46.9
Other Cities 46.9 – 49.4
Jackson County School District
Tuckerman City 45.4
Tuckerman Outside 40.4
Diaz 42.9
Other Cities 42.9 – 45.4
*Infomation gathered from the Jackson county tax collectors office

 

Property Tax Rate

The tax is calculated based on 20 percent of the fair market value of real estate, property based on the millage rate of the school district. (see above)

Sales Tax

Combined Newport City, County, and State Sales Tax is 10.25%

Arkansas Personal Income Tax

Net Taxable Income Tax Rate
First 0$-$3,299 1.0%
Next $3,300-6,599 2.5%
Next $6,600-9,899 3.5%
Next $9,900-16,499 4.5%
Next $16,500-27,499 6.0%
Next $27,500 & Over 7.0%
**Information gathered from Arkansas Income Division
A major indicator of a state’s climate is its tax structure. Arkansas maintains a fair and pro-business tax system.

Arkansas Business Taxes

Corporate Income 1.0 – 6.5%
Corporate Franchise Minimum of $50 depends on Arkansas Assets & Total Assets
Unemployment Insurance
–For new businesses 3.6%
–For existing businesses 0.8% – 8.7%