Tax Comparison: Minot, ND vs Siloam springs, AR
Understanding Your Tax Burden
This page compares the three main types of taxes between Minot, ND and Siloam springs, AR: property tax, income tax, and sales tax. Each of these has a different impact on your overall cost of living.
Property Tax Comparison
Property taxes are collected by local governments and used to fund schools, infrastructure, and other local services. They're typically based on the assessed value of your property.
Our property tax estimates are based on:
- U.S. median home value: $419,200 (2023 data)
- Local effective tax rates for both cities
Minot, ND
$4,506
Based on a $419,200 home
Rate: 1.0749%
Siloam springs, AR
$2,545
Based on a $419,200 home
Rate: 0.6072%
| Data | Minot, ND | Siloam springs, AR |
|---|---|---|
| Effective Property Tax Rate | 1.0749% | 0.6072% |
| Estimated Property Tax | $4,506 | $2,545 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Siloam springs, AR are $1,961 lower than in Minot, ND for the same home value.
State Income Tax Comparison
Income tax rates and brackets vary by state, impacting residents' overall tax burden. The estimates below are based on standard deductions and typical filing scenarios.
Our income tax estimates consider:
- Single filer: $100,000 annual income
- Married couple: $200,000 combined income
- Median income: $80,600 annual income
ND
1.95%-2.5%
Single: $1,887
Married: $3,397
AR
2%-4.4%
Single: $3,625
Married: $6,525
| Data | ND | AR |
|---|---|---|
| Tax Rate | 1.95%-2.5% | 2%-4.4% |
| Single Filer ($100k) | $1,887 | $3,625 |
| Married Couple ($200k) | $3,397 | $6,525 |
| Median Income ($80.6k) | $2,015 | $3,145 |
Comparison: Income taxes in ND are $1,130 lower than in AR for the median household income.
Sales Tax Comparison
Sales tax rates vary by location and can have a significant impact on your day-to-day expenses. These include state, county, city, and special district taxes that together form the total sales tax rate.
Our sales tax estimates consider:
- Average household taxable spending: $15,500 per year
- Combined state and local rates for both cities
Minot, ND
8.500%
Combined rate
Annual sales tax: $1317
(Based on $15,500 spending)
Siloam springs, AR
12.625%
Combined rate
Annual sales tax: $1956
(Based on $15,500 spending)
| Data | Minot, ND | Siloam springs, AR |
|---|---|---|
| State Sales Tax | 5.00% | 6.50% |
| Combined Sales Tax | 8.500% | 12.625% |
| Annual Tax Amount | $1,317 | $1,956 |
Comparison: Shopping in Minot, ND costs $639 less in annual sales tax than in Siloam springs, AR for the average household.
Tax Comparison Insights
Tax Insights: Minot vs Siloam springs
- Property Tax: Siloam springs has a 0.4677 percentage points lower effective property tax rate than Minot.
- Income Tax: Living in ND could save you approximately $1,130 in state income taxes for a median household income.
- Sales Tax: The combined sales tax rate in Minot is 4.13 percentage points lower than in Siloam springs.
Overall Tax Burden Comparison
Minot, ND
$7,837
Combined annual tax burden
Property
$4,506
Income
$2,015
Sales
$1,317
Siloam springs, AR
$7,646
Combined annual tax burden
Property
$2,545
Income
$3,145
Sales
$1,956
Overall Comparison: Siloam springs, AR has an estimated $191 lower total tax burden than Minot, ND based on our standard scenarios.
Important Tax Disclaimer
The tax information provided above is based on publicly available data and standard assumptions. Actual tax situations will vary based on:
- Individual financial circumstances
- Applicable deductions and credits
- Recent changes in tax laws
- Personal spending habits
- Local variations within cities and counties
This comparison is intended for general informational purposes only and should not be considered tax advice. For specific guidance regarding your tax situation, please consult with a qualified tax professional.