Introduction
Hey readers! Welcome to your one-stop guide to the Revenue Office in Sherwood, Arkansas. We know taxes can be a bit of a headache, but we’re here to help you navigate the complexities of local revenue collection and make it as painless as possible.
This guide will cover everything you need to know about the Revenue Office Sherwood AR, including its location, contact information, payment options, and more. So, buckle up, get your questions ready, and let’s dive right in!
Location and Hours of Operation
The Revenue Office Sherwood AR is conveniently located at:
1600 North Hills Blvd, Sherwood, AR 72120
They are open Monday through Friday from 8:00 AM to 4:30 PM (CST).
Contact Information
If you have any questions or need to contact the Revenue Office Sherwood AR, here’s how you can reach them:
- Phone: (501) 835-5150
- Email: [email protected]
Property Taxes
Paying Your Property Taxes
Property taxes are an important source of revenue for local governments, and the Revenue Office Sherwood AR is responsible for collecting these taxes. You can pay your property taxes online, by mail, or in person at the office.
Property Tax Exemptions
Certain individuals may qualify for property tax exemptions, such as:
- Senior citizens
- Disabled veterans
- Property owners with low incomes
If you believe you may qualify for an exemption, please contact the Revenue Office Sherwood AR for more information.
Sales Taxes
Collecting Sales Tax
Businesses in Sherwood are required to collect sales tax on all taxable sales. The Revenue Office Sherwood AR is responsible for administering and enforcing sales tax laws.
Sales Tax Reporting
Businesses must file sales tax returns on a regular basis. The Revenue Office Sherwood AR provides guidance and assistance with sales tax reporting.
Business Licenses
Obtaining a Business License
All businesses operating in Sherwood must obtain a business license from the Revenue Office Sherwood AR. The license fee varies depending on the type of business.
Renewing Your Business License
Business licenses must be renewed annually. The Revenue Office Sherwood AR will send you a renewal notice before your license expires.
Tax Tables
| Tax Type | Rate |
|---|---|
| Property Tax | Varies |
| Sales Tax | 6.5% |
| Business License Fee | Varies |
Conclusion
We hope this guide has provided you with all the information you need about the Revenue Office Sherwood AR. If you have any further questions or need assistance, please don’t hesitate to contact the office.
And while you’re here, why not check out our other articles on local taxes and financial planning? We’ve got everything you need to know to stay on top of your finances and make the most of your money!
FAQ about Revenue Office Sherwood AR
What is the Revenue Office Sherwood AR?
- The Revenue Office Sherwood AR is responsible for collecting and managing taxes for the city of Sherwood, Arkansas.
What types of taxes does the Revenue Office collect?
- The Revenue Office collects property taxes, sales and use taxes, and business license taxes.
How do I pay my property taxes?
- You can pay your property taxes online, by mail, or in person at the Revenue Office.
When are property taxes due?
- Property taxes are due October 15th of each year.
What is the penalty for late property tax payments?
- The penalty for late property tax payments is 10% of the amount due.
How do I get a business license?
- You can apply for a business license online or in person at the Revenue Office.
How much does a business license cost?
- The cost of a business license varies depending on the type of business and the number of employees.
What is the sales and use tax rate in Sherwood, AR?
- The sales and use tax rate in Sherwood, AR is 9.5%.
How do I report a business that is not paying sales and use taxes?
- You can report a business that is not paying sales and use taxes to the Revenue Office.
What are the consequences for not paying sales and use taxes?
- The consequences for not paying sales and use taxes can include fines, penalties, and imprisonment.
