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El Dorado
El Dorado
Arkansas
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3 out of 5 stars based on 0 ratings
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El Dorado is a city in, and the county seat of, Union County, Arkansas, United States. According to estimates, the 2012 census, the population of the city is 18,491. El Dorado is headquarters of the Arkansas Oil and Gas Commission as well as Murphy Oil, Murphy USA, Deltic Timber Corporation, and the Lion Oil Refinery. The city contains a community college, South Arkansas Community College ("SouthArk"), a multi-cultural arts center: South Arkansas Arts Center (SAAC). El Dorado is the population, cultural, and business center of the regional area. The city is best known as being the heart of the 1920s oil boom in southern Arkansas. Its nickname is "Arkansas’s Original Boomtown". El Dorado is located approximately 100 miles (160 km) from the state capital of Little Rock.

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Taxes

C+

How did Arkansas earn the grade of C+? We examined the state taxes based on how age friendly they are. Arkansas has a state sales tax of 6.50%. Of particular interest is that Arkansas does not have taxes on social security. There are no estate taxes. There are no taxes imposed on inheritance. Arkansas has an effective property tax rate of 0.63%. Weighing these taxes and other taxes most likely to impact the aging population is how Arkansas earned its state tax grade of C+.

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