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Greater Oklahoma City Chamber

123 Park Avenue
Oklahoma City, OK 73102
P: +1 405-297-8945

Tax Advantages

Oklahoma is known for being friendly, but not when it comes to high taxes. The state ranks squarely in the bottom third of the U.S. for taxes as a percentage of income. 

Sales Tax: Varies according to municipality, currently 8.375% (4.5% state + 0.0% county +3.875% city) in the city of Oklahoma City. 

Property Tax: Oklahoma ranks 47-lowest in property taxes, according to MSN Money. Rates vary by county and area of county, in Oklahoma County assessment ratios vary from 11% for real property to 13.75% for personal property. Homestead exemptions allow a $1,000 deduction from the assessed value for primary residences. More info can be found here. 

Personal Income Tax: State income tax levels range from 0.5% to 5.5%. The highest bracket was recently reduced from 6.25% to 5.5% in 2007, and then from 5.5% to 5.25% in 2011.

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
Canadian County, OK   $1,619
Cleveland County, OK   $1,789
Grady County, OK   $836
Kingfisher County, OK   $829
Lincoln County, OK   $600
Logan County, OK   $1,213
McClain County, OK   $1,343
Oklahoma County, OK   $1,495
Payne County, OK   $1,395
Pottawatomie County, OK   $747
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%