Taxes
Oklahoma's state and local tax burden is one of the lowest in the nation. Oklahoma ranks 42nd in its per capita state and local tax burden. The average Oklahoma citizen pays $551 less in total state and local taxes in a year than the national average.
Source: CQ Press State Rankings 2009
Consider these facts:
- Oklahoma's Per Capita Property Taxes are 3rd lowest in the US
- Oklahoma's Per Capita Total Tax burden is 5th Lowest in the US
The Oklahoma tax system is composed of a range of taxes that are administered and collected by various state and local agencies. Each tax has a different base and rate. The following chart outlines the most significant taxes. For more information, visit the Oklahoma Tax Commission website.
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Overview of Oklahoma Tax System |
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| Type | Base or Measure | Rate | Administering Agency |
| Corporate Income Tax | Net Income | 6% | Oklahoma Tax Commission |
| Franchise Tax | Capital Employed to produce state income |
$1,000 to $20,000 $1.25 per $1,000 |
Oklahoma Tax Commission |
| Sales and Use Tax | County: receipts from sales City: use of taxable items State: |
4.5% | Oklahoma Tax Commission |
| Unemployment Insurance Tax |
Wage base $14,200 | 0.02% to 5.4% 1.2% new employers |
Oklahoma Employment |
| Workers' Compensation Insurance |
Payroll and Occupation | Worker's Compensation Court | |
| Personal Income Tax | Taxable Income | 5.5% | Oklahoma Tax Commission |
| Local Property Tax | Valuation of Property | Approx. 1% of Taxable Value |
County Assessor |
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