West Memphis Chamber of Commerce

West Memphis

Chamber of Commerce

108 W. Broadway

West Memphis, AR 72301

Phone: 870-735-1134

Fax: 870-735-6283

Office Hours:

Monday - Friday

8 a.m. - 5 p.m.

Taxation

Personal Income Tax

Resident individuals, estates and trusts and non-resident individuals, estates and trusts deriving income from within the state are subject to a tax on their net income at the following rates:

Net Taxable Income	Rate First
$2,999 $3,000 $3,000 $6,000 $10,000 over	1% Next 2.5% Next 3.5% Next 4.5% Next 6% $25,000 or 7%

Property Tax

Arkansas does not have a state property tax. However, Arkansas cities and counties do collect a property tax which is the principal source of revenue for those units of government.

Applicable Real Property Tax Rates - Tax rate per $1,000 of Assessed Value
West Memphis (City)	$2.00
Crittenden County	$7.20
School	29.00
Total	$38.20

Ratio of Assessment
Residential	20% Industrial -
Real	20% Industrial -
Personal	20% Production, Machinery,
Equipment	20% Raw Materials Inventory
None Goods in Process Inventory	None

Sales Tax
State of Arkansas	6.00%
City of West Memphis	1.50%
Crittenden County	1.75%

Total	9.25%