Income
- 0.9 – 7% personal (tax year beginning January 1, 2014)
- 0.9 – 6.9% personal (tax year beginning January 1, 2015)
- 1.0 – 6.5% corporate
Sales and Use
- City of Hot Springs………..1.5%
- Garland County……………1.5%
- State of Arkansas……..….6.5%
- Total……………………………9.5%
Property
- Jessieville……………..……0.0376
- Lake Hamilton…………..0.0483
- Hot Springs……………….0.0413
- Lakeside……………………0.0393
- Fountain Lake………..…0.0384
- Cutter Morning Star…..0.0431
- Mountain Pine…………..0.0465
- No state property tax, local tax based on school districts
Low Cost of Living
Hot Springs offers a high quality of life with living expenses lower than the national average. Hot Springs’ cost of living is 14.82% lower than the national average. The median household income is $44,743. Not only is Hot Springs a great place to call home, but it is also an affordable answer for the needs of families and businesses.