Fort Smith (AR) Sales Tax
The Fort Smith sales tax rate is 9.75%
| Taxing jurisdiction | Rate |
|---|---|
| Arkansas state sales tax | 6.50% |
| Sebastian County sales tax | 1.25% |
| City tax | 2.00% |
| Special tax | 0% |
| Combined Sales Tax | 9.75% |
Fort Smith sales Tax Calculator Arkansas
To make it easier to calculate the Fort Smith (AR) Sales tax, we have created a calculator. All that you need to input is the zip code and the number of goods bought. The calculator will tell you how much you should approximately pay in sales tax. The tools are free to use and very simple.
How does the Fort Smith sales tax compare to the rest of Arkansas?
Each vendor in the USA needs to charge sales tax to the items and services that they sell. The Department of Revenue collects the sales tax proceeds from the vendors. The Fort Smith, AR sales tax rate is 9.75%. This includes 6.50% Arkansas state sales tax, 1.25% Sebastian County sales tax and 0% special tax.
A merchant adds the sales tax to all the qualifying sales completed in Fort Smith, AR. The Fort Smith sales tax should be clearly stated on the invoice. There are some specific goods and services are tax-exempt in Fort Smith (Arkansas). Alcohol, tobacco and gas are subject to excise tax.
The 9.75% sales tax rate of the Fort Smith, AR applies to the following list of zip codes: 72901, 72902, 72903, 72904, 72905, 72906, 72908, 72913, 72914, 72917, 72918, 72919.
The vendor needs to check their district zip code to make sure that they are charging the right sales tax for the business transactions.
There are 61486 people in and around Fort Smith. It is important to be aware that zip-code boundaries do not always coincide with general boundaries. Therefore, when choosing sales tax rates, you should not focus only on zip-codes. In the event of a dispute, it is recommended that you contact the Internal Revenue Service to determine sales tax rates for you.
Alternative sales tax rate for Fort Smith
| City | Combined Tax | State Rate | County Tax | City Tax | Special Tax |
|---|---|---|---|---|---|
|
Greenwood |
7.75% | 6.50% | 1.25% | 0% | 0% |
|
Alma |
7.75% | 6.50% | 1.25% | 0% | 0% |
Popular questions about sales tax in Fort Smith
Sales taxes are regulated by state and federal laws. Since states control the amount of sales tax that they charge locally, some others have decided to omit sales taxes at all to facilitate transactions. There are municipalities, or cities that can impose their taxes. As of right now, there are 5 states in the USA that do not charge a state sales tax. These states are Alaska, Montana, Oregon, Delaware, New Hampshire.
Sales taxes are collected by the Department of Revenue. The taxes go to the General Fund, and it funds government expenses. Some parts of the sales tax fund state operations, such as K-12 education. The money can be used to fund other public services. The money collected from taxes is also used to pay the wages of jobs that are related to government agencies, such as police departments, libraries, museums, etc.
When you make a purchase, you must pay sales tax. To find how much u, pay, all that u have to do is to add up the total percentage of applicable sales taxes to your location and multiply that by the total cost of goods. Let’s say that your total applicable sales tax rate is 8%. Let’s say that you make a purchase worth $100. You multiply $100 with 8% to get a total sales cost of $8. You then add the $8 to the original cost of goods, bringing your final transaction cost to $108.
To collect taxes as a business you need a tax id number. You can get thus form the IRS . You get a sales tax id by using the information from the tax id number. A sales certificate is proof that you are buying something for business use and that you intend to resell the thing that you bought. The sales certificate allows a business to buy goods and services without a sales tax.
The first detail to know about sales taxes is that some states imposer the sale tax on the vendor, some to the buyer, and some states place sales taxes on both entities. It is important to know who pays the tax, as this affects whether you can claim the taxes as a refund or not.