Sales Tax
State 4.5%
County 0.813%
City 4%
Total 9.313%
Property Tax
1% State Average:
0.1% to 1.41% (Real Property)
0.1% to 1.74% (Personal Property)
Workers' Compensation Tax
Base or Measure- Gross direct premiums, normal premiums, actual paid losses
Rate- 2.77%1
Corporate Income Tax
Base or Measure- Net Income
Rate- 6.0%2
Personal Income Tax
Base or Measure- Over $7,200 (Single or married filing Separately)/Over $12,000 (Married filing jointly)
Rate- 5.0% (Potential drop to 4.85% in 2018 based upon revenue growth)
Franchise Tax
Base or Measure- Franchise tax levied on all corporations that do business in the state of Oklahoma.
Rate- $1.25 for each $1,000 of capital invested or used in Oklahoma. Foreign corporations are additionally assessed $100 per year.
Base or Measure- $17,500 Wage Base
Rate- New Employer: 1.5% Experienced Employer: 0.1-5.5%
Unemployment Insurance Tax
1 Due to a reduction in loss costs and legislative reforms in 2013, this rate is expected to decrease about 10%.
2 Effective Tax Year 2016, due dates for Oklahoma corporate and partnership income tax returns are 30 days after the due dates for these types of returns under the Internal Revenue Code.
Source: Oklahoma Incentives & Tax Guide