Did You Know?
Distribution transformers and polymer components produced in Pine Bluff by Central Moloney, Inc., are sold in all 50 states, Canada and throughout the world.
Property Tax
The State of Arkansas does not have a property tax; however, Arkansas cities and counties do collect a property tax, which is the principal source of revenue for funding local public schools.
The tax is calculated based on 20 percent of the fair market value of real and personal property and the average annual value of merchants' stocks and/or manufacturers' inventories based on millage rates in individual school districts. Business firms and individuals are subject to annual property tax on all real and personal property.