Taxes & Insurance in Hope
Hope's tax and insurance picture combines a real, below-national property tax rate and Arkansas's genuinely favorable income-tax trajectory with an elevated combined sales tax rate.
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Learn moreA property tax rate modestly above Arkansas's own median
Ownwell cites Hope's effective property tax rate at 0.87% -- modestly above the Ownwell-cited Arkansas statewide median (~0.81%), though still below the national median (~1.02%), with Amendment 79's real $600 homestead credit applying statewide (base record).
Arkansas's real, recently completed income tax cut
Arkansas's top individual income tax rate reached a real, current 3.7% for 2026 -- the fourth consecutive annual cut -- with a full Social Security exemption for retirees (base record; see arkansas.js for the fuller statewide mechanics).
A real, elevated combined sales tax rate
Hope's combined sales tax rate runs a real 10.5% (6.5% state + 2% Hempstead County + 2% city) -- above Arkansas's own already-elevated 9.48% statewide average combined rate (base record).
Statewide homeowners-insurance context
This pass did not identify a Hope-specific insurance premium; Arkansas's statewide average runs approximately $3,720-$4,955/year, even as the state posted the largest single-state premium decrease nationally ($538) from 2025 to 2026 (base record).
Key takeaways
- Hope's 0.87% effective property tax rate beats the national median.
- Arkansas's 3.7% top income tax rate (2026) and full Social Security exemption apply statewide.
- A 10.5% combined sales tax rate runs above Arkansas's own elevated statewide average -- a real, defining trade-off.
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