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Duncan Area Economic Development Foundation

8100 North Highway 81
Duncan, OK 73533
P: +1 580-255-9675

Taxes

Corporate and Personal Tax Rates

State Income Tax Rate:
  • 6% of Federal Taxable Income
Property Tax Rate (per $1000 of assessed value):
  • $87.55 Duncan
  • $70.01 Marlow
  • $84.71 Comanche
Sales and Use Tax Rates Sales Tax:
  • Local: 3.5%
  • County: 0.55%
  • State: 4.5%
Oklahoma has a comprehensive sales tax exemption for manufacturers who obtain a Manufacturer’s Sales Tax Exemption Permit from the Oklahoma Tax Commission.

Use Tax:
  • Local: 3.5%
  • State: 4.5%

Inventory Tax Rates

Oklahoma has a Freeport Exemption on qualified inventory; Oklahoma’s Freeport Law exempts from taxation goods, wares, and merchandise that come from outside the state and leave the state within nine months if such goods, wares, and merchandise are held for assembly, storage, manufacturing, processing, or fabricating purposes within the state.

Data Name Value
State Tax Ranks (Oklahoma)
Overall 26
Corporate Tax 9
Individual Income Tax 33
Sales Tax 39
Unemployment Insurance Tax 19
Property Tax 1
State Sales Tax Rates (Oklahoma)
Sales Tax 4.500%
Are Localities Permitted to Define the Tax Base? No
State Unemployment Insurance Tax Rates (Oklahoma)
Minimum 0.1000%
Maximum 5.5000%
Taxable Wage Base $17,600
Most Favorable Schedule - Minimum 0.0100%
Most Favorable Schedule - Maximum 5.5000%
Least Favorable Schedule - Minimum 0.3000%
Least Favorable Schedule - Maximum 9.2000%
State Property & Capital Stock Tax Rates (Oklahoma)
Property Tax Collections Per Capita $678
Property Tax Collections - Percentage of Income 1.58%
Capital Stock Tax Rate 0.125%
Capital Stock Maximum Payment $20,000
Payment Options for CST and CIT Pay Both
Real Estate Taxes
Median Real Estate Taxes Paid   $705
State Income Tax Rates (Oklahoma)
Corporate  
≥ $0 6.000%
Individual (Ordinary Income)  
≥ $0 0.500%
≥ $1,000 1.000%
≥ $2,500 2.000%
≥ $3,750 3.000%
≥ $4,900 4.000%
≥ $7,200 5.000%