Taxes and Financial Incentives

Download the Incentive Programs presentation

Tax information

Sales Tax Chart Rate Reduced Food Rate Mfg Utility Rate
Morrilton City 1.0% 1.0% 1.0%
Conway County 1.75% 1.75% 1.75%
State of Arkansas 6.5% 1.5% 2.75%

All items that can be purchased by retail or wholesale are subject to State and Local Taxes. Only organizations with a federal tax exempt status can have sales taxes exempt.

Real Property Tax Rate

44.0 Mills
20% of the assessed value is taxable

Personal Property

44.0 mills
20% of the assessed value is taxable

Levied items

  • Vehicles
  • Water Recreation Vehicles
  • All-Terrain Vehicles
  • Motorcycles
  • Travel Trailers
  • Building Contents
  • Business Equipment and Machinery
  • Inventory
  • Airplanes
  • Farm Equipment