State and Local Taxes

Millages

Newport City	44.200
Diaz City (NS)	39.900
Newport Outside:	37.400
Jackson County Tax Outside Of City Limits:	35.800

*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 9.000%

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%

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