2010 TaxGrams™
TaxGrams logoOklahoma state seal
State and Local Taxes
Oklahoma State Tax Summary

Oklahoma state tax summary, including corporate and individual Oklahoma income taxes, credits, exemptions, deductions and more. Includes Oklahoma estate, gift and inheritance tax, miscellaneous Oklahoma taxes, pass-through entity treatment, payroll taxes, property taxes and Oklahoma sales & use taxes.

Oklahoma ranks #31 on the State Business Tax Climate Index (TaxFoundation.org).

For more links, search, help, forms and more, click on the tabs below or go to:

    taxmOuth Oklahoma Taxes

Oklahoma Tax Contacts

Oklahoma Tax FAQs

Oklahoma Tax Forms

Oklahoma Corporate Taxes

  • taxmOuth Oklahoma Corporate Taxes
  • Oklahoma Tax Rates & Brackets:

    6%> $0
  • Loss Carry-back/fwd: 2 Years Back / 20 Years Forward (Unlimited)
  • Throwback Sales?: Y
  • Foreign Tax Deductible?: N
  • Alternative Minimum Tax (AMT): N
  • Gross Receipts Tax: N
  • Capital Stock (Net Worth) Tax?: 0.130% ($20,000 max.)

Oklahoma Tax Incentives and Credits

Oklahoma Individual Income Taxes

  • taxmOuth Oklahoma Individual Income Taxes
  • Oklahoma tax rates and brackets:

    0.5%> $0
    1%> $1,000
    2%> $2,500
    3%> $3,750
    4%> $4,900
    5%> $7,200
    5.5%> $8,700
  • Local Option IT Rate: None
  • Federal Inc used as Base?: Y
  • Standard Deductions: $3,250 / Joint $6,500
  • Personal Exemptions/Credits (c): Single $1,000 / Joint $2,000 / Dependent $1,000
  • Federal Tax Deductible?: N
  • State Tax Deductible?: Y
  • Alternative Minimum Tax (AMT)?: N

Oklahoma Estate, Gift and Inheritance Taxes

Oklahoma Miscellaneous Taxes

Oklahoma Pass-through Tax Treatment

Oklahoma Payroll Taxes

Oklahoma Property Taxes

  • taxmOuth Oklahoma Property Taxes
  • Median Tax Paid on Homes (Rank): $762 (#44)
  • Median Value of Homes: $105,500
  • Tax as % of Home Value (Rank): 0.72% (#31)
  • Median Income of Homeowner: $53,873
  • Tax as % of Income (Rank): 1.41% (#44)

Oklahoma Sales and Use Taxes

  • taxmOuth Oklahoma Sales and Use Taxes
  • State Rate: 4.50%
  • County & City (Weighted Ave): 3.94%
  • Combined State and Ave. Local Rates (Rank): 8.44% (#4)
  • General Treatment of Services: Many Taxable
  • Gasoline: Exempt
  • Groceries: Taxable

« Back to State Tax Summary Home