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Blytheville
TAXES
Blytheville's tax structure
provides business with one of the most favorable
situations in the nation. Even with low taxes,
Arkansas maintains the high level of services and
facilities. A company locating in Blytheville will
have a lower tax bill than in most other states.
An individual taxpayer in Blytheville pays, on average,
less in per capita taxes than the average United States
taxpayer.
Assessed value of city
property: $42 million
Basic tax levy for latest
year on 20% assessed value:
-
City $0.0125
-
County $0.2
-
State Sales Tax
$0.06
-
Total $0.0925
Arkansas law sets the
corporate income tax rate at 6.5% (max) of net taxable
income earned by an in-state business.
An added tax advantage for
Arkansas businesses is that only income earned in
Arkansas is taxed.
Arkansas has responded to
the needs of industry by providing several major
exemptions for sales/use tax utilizing enterprise zone
provisions.
Corporate income tax for
domestic and foreign real and personal property
throughout Arkansas is now assess, based on true value,
at a rate of 20% for industrial/commercial property.
Goods in transit through
Arkansas (inventory) are not subject to property tax.
Arkansas' present corporate
franchise tax rate is approximately .27% of that portion
of par value of the outstanding capital stock of its
real and personal property within the state.
Arkansas has no state
property tax.
Arkansas has a maximum tax
rate of 7% on personal income...
For more
information,
Great River Economic
Development Foundation
Clif Chitwood
phone: 870.532.6084
fax: 870.532.2146
e-mail:
clifchitwood@yahoo.com
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