Tax Comparison: Schaller, IA vs West memphis, AR
Understanding Your Tax Burden
This page compares the three main types of taxes between Schaller, IA and West memphis, 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
Schaller, IA
$4,310
Based on a $419,200 home
Rate: 1.0282%
West memphis, AR
$2,524
Based on a $419,200 home
Rate: 0.6022%
| Data | Schaller, IA | West memphis, AR |
|---|---|---|
| Effective Property Tax Rate | 1.0282% | 0.6022% |
| Estimated Property Tax | $4,310 | $2,524 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in West memphis, AR are $1,786 lower than in Schaller, IA 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
IA
4.4%-5.7%
Single: $3,800
Married: $6,840
AR
2%-4.4%
Single: $3,625
Married: $6,525
| Data | IA | AR |
|---|---|---|
| Tax Rate | 4.4%-5.7% | 2%-4.4% |
| Single Filer ($100k) | $3,800 | $3,625 |
| Married Couple ($200k) | $6,840 | $6,525 |
| Median Income ($80.6k) | $3,061 | $3,145 |
Comparison: Income taxes in IA are $84 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
Schaller, IA
8.000%
Combined rate
Annual sales tax: $1240
(Based on $15,500 spending)
West memphis, AR
12.625%
Combined rate
Annual sales tax: $1956
(Based on $15,500 spending)
| Data | Schaller, IA | West memphis, AR |
|---|---|---|
| State Sales Tax | 6.00% | 6.50% |
| Combined Sales Tax | 8.000% | 12.625% |
| Annual Tax Amount | $1,240 | $1,956 |
Comparison: Shopping in Schaller, IA costs $716 less in annual sales tax than in West memphis, AR for the average household.
Tax Comparison Insights
Tax Insights: Schaller vs West memphis
- Property Tax: West memphis has a 0.4260 percentage points lower effective property tax rate than Schaller.
- Income Tax: Living in IA could save you approximately $84 in state income taxes for a median household income.
- Sales Tax: The combined sales tax rate in Schaller is 4.63 percentage points lower than in West memphis.
Overall Tax Burden Comparison
Schaller, IA
$8,611
Combined annual tax burden
Property
$4,310
Income
$3,061
Sales
$1,240
West memphis, AR
$7,625
Combined annual tax burden
Property
$2,524
Income
$3,145
Sales
$1,956
Overall Comparison: West memphis, AR has an estimated $986 lower total tax burden than Schaller, IA 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.