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The tax is computed as the determined market value times an assessment ratio times the tax rate. [10] Assessment ratios and tax rates vary among jurisdictions, and may vary by type of property within a jurisdiction. [11] Most jurisdictions' legislative bodies determine their assessment ratios and tax rates, though some states impose constraints ...
Arkansas's statewide sales and use tax has been 6.5% since July 1, 2013. [60] Washington County has an additional sales and use tax of 1.25% since December 1, 2004. Within Washington County, Greenland and West Fork have 3.0% additional sales and use tax, Elkins, Prairie Grove, Tontitown have a rate of 2.75%, Farmington, Fayetteville, Johnson ...
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Arkansas's statewide sales and use tax has been 6.5% since July 1, 2013. [26] Hot Spring County has an additional sales and use tax of 1.50%, which has been in effect since January 1, 2009. Within Hot Spring County, the City of Malvern has had an additional 1% sales and use tax since January 1, 2009, City of Rockport an additional 2% since ...
According to the United States Census Bureau, Wileys Cove Township covers an area of 45.435 square miles (117.68 km 2); 45.225 square miles (117.13 km 2) of land and 0.210 square miles (0.54 km 2) of water.
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The effective rate is the total tax paid divided by the total amount the tax is paid on, while the marginal rate is the rate paid on the next dollar of income earned. For example, if income is taxed on a formula of 5% from $0 up to $50,000, 10% from $50,000 to $100,000, and 15% over $100,000, a taxpayer with income of $175,000 would pay a total ...