Team Sherman Real Estate of Hot Springs Village, AR

Arkansas residents reap the benefits of a lower cost of living and affordable property taxes. If your annual income in Arkansas is $50,000, to enjoy the same lifestyle elsewhere, you will need an approximate income of…


  • $114,315 in Manhattan
  • $74,869 in Washington, D.C.
  • $69,383 in Los Angeles
  • $61,180 in Seattle
  • $59,926 in Chicago
  • $54,858 in Denver


*Figures gathered from www.Money.CNN.com, and used Little Rock as a basis. 


Property taxes are assessed at 20% of appraised value. For example: Taxes in the Jessieville School District (Garland County) are assessed at 42.3 mills per $1,000 (as of July 2013) which will make annual property taxes approximately $846 for a $100,000 home.


Taxes in the Fountain Lake School District (Garland County) are assessed at 38.40 mills which will make annual property taxes approximately $768 for a $100,000 home. Residents living in Saline County (also Fountain Lake School District) will pay approximately $890 in property taxes for a $100,000 home. 


As a resident, you can take a $350 homestead tax credit if your HSV home is your primary residence.

COST OF LIVING