U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Arkansas
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 03-22-2007, 06:17 PM
 
627 posts, read 1,296,066 times
Reputation: 121

Advertisements

I have two questions about personal property tax in Arkansas:

1) Is it ture that it's about 5% tax on personal properties such as your car?

2) So, if your car is worth, say $10,000., you would pay $500 personal property tax every year?
Reply With Quote Quick reply to this message

 
Old 03-22-2007, 08:20 PM
 
Location: Somewhere close to Heber, AR
388 posts, read 1,616,545 times
Reputation: 201
Depends on the millage rate of your county, school district, and city government(if you live in a city), all of whom have jurisdiction or in the case of school districts the public school funding formula applies.

For the record AR does not tax personal property, only the local juristictions.

Counties can levy up to 21 mills

Cities can levy up to 20 mills

No limit on what school districts can levy, but must levy at least 25 mills.

Taxes are applied at 20% of market value x the millage rate. (the 20% of market value is the assessed value)

For sake of this discussion 50 mills is the rate I'll use. (insert bad pun here - "your millage may vary")

Car is 10,000 (market value) x .20 (assessed value $2000) x 50 mills = $100 tax.

Last edited by magrack; 03-22-2007 at 09:06 PM.. Reason: spelling
Reply With Quote Quick reply to this message
 
Old 03-22-2007, 10:49 PM
 
627 posts, read 1,296,066 times
Reputation: 121
Can one dispute the assessed value of the car? They assessed the price of my car so high that it's actually higher than when it was brand new (my car is four/five years old). Yes, I took the 20% of the market value into consideration.
Reply With Quote Quick reply to this message
 
Old 03-23-2007, 12:54 PM
 
Location: Somewhere close to Heber, AR
388 posts, read 1,616,545 times
Reputation: 201
Of course you can dispute it.

Your county tax assessor's office should be able to help you.

When you visit make sure you take the bill of sale w/you to show what you paid (if you paid fair market value, and didn't buy it from a friend for a greatly reduced price).
Reply With Quote Quick reply to this message
 
Old 03-28-2009, 02:25 PM
 
1 posts, read 21,024 times
Reputation: 14
My family and I are thinking of moving to waldron arkansas in scott county, could you give me an example of their actual personal and regular property tax rates so that we will have an idea of our cost of living there?
Reply With Quote Quick reply to this message
 
Old 03-13-2010, 11:18 AM
 
1 posts, read 17,682 times
Reputation: 11
i live outside of sherwood city limits, i still have a sherwood address but the county takes care of everything for me. Why am i paying for county and sherwood city road taxes
Reply With Quote Quick reply to this message
 
Old 10-22-2010, 12:57 AM
 
1 posts, read 15,456 times
Reputation: 12
Right now I live in Sherwood and I just purchased another vehicle. I use to live in a different county and still have a vehicle registered with that county. I am now getting ready to get tags for my new vehicle. My questions is, Do I have to pay taxes in the other county before I get my tags even though I am registering this vehicle with Pulaski county now?
Reply With Quote Quick reply to this message
 
Old 02-26-2011, 08:59 AM
 
1 posts, read 14,598 times
Reputation: 10
Can I use the "voluntary" amounts paid on my lonoke personal property tax bill as charitable dedutions on my taxes? ie soil conservation, sheriff's drug unit . . .
Reply With Quote Quick reply to this message
 
Old 02-26-2011, 01:34 PM
 
Location: Wichita, KS
678 posts, read 1,443,799 times
Reputation: 648
Quote:
Originally Posted by mudpie1 View Post
Can I use the "voluntary" amounts paid on my lonoke personal property tax bill as charitable dedutions on my taxes? ie soil conservation, sheriff's drug unit . . .
I doubt it, but the department (sheriff's drug unit, for example) should be able to tell you if that qualifies as a charitable deduction.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Arkansas
View detailed profiles of:
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top