Taxes

Property Tax

• Effective Real Property Tax Rate:  $9.90 average property tax rate per mill ($1000 of value)
• Effective Personal Property Tax Rate:  0.77%

Corporate Income Tax

• Effective State Corporate Income Tax Rate:  A flat 6% tax on federal taxable income, with certain adjustments (no local corporate tax.)
• Personal Income Tax: 5.25% (no local personal income tax.)  The Oklahoma State Legislature is working toward a further reduction in the state personal income tax.  Oklahoma’s strong economy means the state’s taxation and regulatory policy are competitive.

Sales and Use Tax Rates

• Total (all national, state, and local) sales tax:  State, 4.50%; City, 4.00%; County, .813% for a total sales/use tax of 9.313%.