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Farmington
Farmington
Arkansas
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4.5 out of 5 stars based on 0 ratings
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Farmington is a city in Washington County, Arkansas. The community is nestled in a valley among the Boston Mountains, a subset of the Ozark Mountains. Although the first settlers came from the Deep South in 1828, the community did not incorporate until 1946. Located immediately west of Fayetteville in the Northwest Arkansas metropolitan statistical area, Farmington has been experiencing a population boom in recent years, as indicated by a 66% growth in population between the 2000 and 2010 censuses. It has been characterized as a bedroom community by the University of Arkansas Community Design Center.

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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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