Sherwood, Arkansas — Tax Burden
What is the tax burden in Sherwood, Arkansas?
Sherwood, Arkansas has a total tax burden of 9.26%, ranking #4226 nationally. Property tax rate: 0.78%, state income tax: 4.240%, sales tax: 9.44%. Median household income is $74,917.
Source: US Census ACS, 2022
Ranked #4226 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
9.26%
Rank: 4226th nationally
Property Tax Rate
0.78%
Rank: 4559th nationally
Income Tax Rate
4.240%
Arkansas state rate
Sales Tax Rate
9.44%
State + local combined
Tax Burden Breakdown
Property (21%)Income (46%)Sales (34%)
Median Income: $74,917
Median Home Value: $182,100
Median Property Tax: $1,429/yr
Population: 32,715