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The major types of taxes are income taxes, sales taxes, property taxes, and excise taxes.
Assessed Property Value: the taxable value of your property. In Arkansas, all real and personal property is assessed 20% of market value.
Here are seven ways Americans pay taxes. Income taxes. Income taxes can be charged at the federal, state and local levels. Sales taxes. Sales taxes are taxes on goods and services purchased. Excise taxes. Payroll taxes. Property taxes. Estate taxes. Gift taxes.
Personal income tax. Corporate income tax. Communal business tax. Net wealth tax. Property tax.
Personal Property and Business Personal Property Arkansas law requires that all property owners assess their personal property, and their business personal property (if applicable) between January 1st and May 31st of each year. State law also places the assessment level at 20% of current market value.
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Personal income tax. Corporate income tax. Communal business tax. Net wealth tax. Property tax.
There are many different kinds of taxes, most of which fall into a few basic categories: taxes on income, taxes on property, and taxes on goods and services.
Before renewing your license you are required by Arkansas law to assess your vehicle with your county assessor. Assessments are due by May 31 each year. You must pay all personal property taxes you owe in your county of residence.
Real property includes land plus the buildings and fixtures permanently attached to it. Real property taxes are assessed on agricultural, commercial, industrial, residential and utility property. Personal property is property that is not permanently affixed to land: e.g., equipment, furniture, tools and computers.
Personal Property - Under Arkansas law, A.C.A. 26-1-101, personal property is defined as Every tangible thing being the subject of ownership, and not forming a part of any parcel of real property as defined.

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