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Oklahoma State Tax Information |
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- Sales Tax:
- General Tax Rate: 4.5%, but counties, cities and towns may also collect sales tax. County tax rate cannot exceed 2%. Some cities collect sales taxes of over 4.25%.
- Pharmaceutical Tax Rates: Exempt
- Automotive:
- Gasoline Tax: $.17 per gallon
- Diesel Fuel Tax: $.14 per gallon
- Auto Excise Tax: 20% of assessed value or purchase price
- Tobacco Tax:
- Cigarettes: $1.03 per pack of 20 cigarettes
- Other Tobacco: Cigars - $.27 to $.90 per 10 cigars; Chew – 30% to 40% factory list price
- Alcohol Tax:
- Liquor: $5.54 per gallon, 13.5% on premises consumption sales tax
- Wine: $.72 per gallon, 13.5% on premises consumption sales tax
- Beer: $.40 per gallon, 13.5 % on premises consumption sales tax
- Income Tax:
- Personal Income Tax: .5% to 6.25% based on an 8-tiered, graduated rate schedule.
- Retirement Income Tax: Social Security is exempt. Some retirement income can be excluded from income tax.
- Property Tax: Real property accessed at between 11% and 13.5% of fair cash value. A homestead exemption may be granted to certain homeowners.
- Inheritance and Estate Tax:
- Estate Tax: Related to federal estate tax collection
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Last Updated ( Tuesday, 16 May 2006 )
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OK 
