Tax Comparison: Mountain home, AR vs Milan, OH
Understanding Your Tax Burden
This page compares the three main types of taxes between Mountain home, AR and Milan, OH: 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
Mountain home, AR
$1,939
Based on a $419,200 home
Rate: 0.4625%
Milan, OH
$5,311
Based on a $419,200 home
Rate: 1.2670%
Data | Mountain home, AR | Milan, OH |
---|---|---|
Effective Property Tax Rate | 0.4625% | 1.2670% |
Estimated Property Tax | $1,939 | $5,311 |
Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Mountain home, AR are $3,372 lower than in Milan, OH 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
AR
2%-4.4%
Single: $3,625
Married: $6,525
OH
2.75%-3.5%
Single: $2,640
Married: $4,752
Data | AR | OH |
---|---|---|
Tax Rate | 2%-4.4% | 2.75%-3.5% |
Single Filer ($100k) | $3,625 | $2,640 |
Married Couple ($200k) | $6,525 | $4,752 |
Median Income ($80.6k) | $3,145 | $2,821 |
Comparison: Income taxes in OH are $324 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
Mountain home, AR
12.625%
Combined rate
Annual sales tax: $1956
(Based on $15,500 spending)
Milan, OH
8.000%
Combined rate
Annual sales tax: $1240
(Based on $15,500 spending)
Data | Mountain home, AR | Milan, OH |
---|---|---|
State Sales Tax | 6.50% | 5.75% |
Combined Sales Tax | 12.625% | 8.000% |
Annual Tax Amount | $1,956 | $1,240 |
Comparison: Shopping in Milan, OH costs $716 less in annual sales tax than in Mountain home, AR for the average household.
Tax Comparison Insights
Tax Insights: Mountain home vs Milan
- Property Tax: Mountain home has a 0.8045 percentage points lower effective property tax rate than Milan.
- Income Tax: Living in OH could save you approximately $324 in state income taxes for a median household income.
- Sales Tax: The combined sales tax rate in Milan is 4.63 percentage points lower than in Mountain home.
Overall Tax Burden Comparison
Mountain home, AR
$7,039
Combined annual tax burden
Property
$1,939
Income
$3,145
Sales
$1,956
Milan, OH
$9,372
Combined annual tax burden
Property
$5,311
Income
$2,821
Sales
$1,240
Overall Comparison: Mountain home, AR has an estimated $2,333 lower total tax burden than Milan, OH 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.