Taxes - Cost of Doing Business - Site Selection - Oklahoma Department of Commerce

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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:

Olahoma's Per Capita Property Taxes are 3th 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.

Overview of Oklahoma Tax System
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 companies	Oklahoma Employment Security Commission
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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