State and Local Taxes
Millages
| Newport City |
51.2 |
| Newport Outside: |
44.4 |
| Diaz City (NS) |
46.9 |
| Other Cities |
46.9 - 49.4 |
| Jackson County School District |
|
| Tuckerman City |
45.4 |
| Tuckerman Outside |
40.4 |
| Diaz |
42.9 |
| Other Cities |
42.9 - 45.4 |
| |
| *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% |
