Facts and Figures 2019: How Does Your State Compare?
Our updated 2019 edition of Facts & Figures serves as a one-stop state tax data resource that compares all 50 states on over 40 measures of tax rates, collections, burdens, and more.
1 min readHow does Oklahoma’s tax code compare? Oklahoma has a graduated state individual income tax, with rates ranging from 0.25 percent to 4.75 percent. Oklahoma has a 4.0 percent corporate income tax rate. Oklahoma also has a 4.50 percent state sales tax rate and an average combined state and local sales tax rate of 8.99 percent. Oklahoma has a 0.76 percent effective property tax rate on owner-occupied housing value.
Oklahoma does not have an estate tax or inheritance tax. Oklahoma has a 20 cents per gallon gas tax rate and a $2.03 cigarette excise tax rate. The State of Oklahoma collects $4,450 in state and local tax collections per capita. Oklahoma has $4,804 in state and local debt per capita and has an 80 percent funded ratio of public pension plans. Overall, Oklahoma’s tax system ranks 19th on our 2024 State Business Tax Climate Index.
Each state’s tax code is a multifaceted system with many moving parts, and Oklahoma is no exception. The first step towards understanding Oklahoma’s tax code is knowing the basics. How does Oklahoma collect tax revenue? Click the tabs below to learn more! You can also explore our state tax maps, which are compiled from our annual publication, Facts & Figures 2024: How Does Your State Compare?
Our updated 2019 edition of Facts & Figures serves as a one-stop state tax data resource that compares all 50 states on over 40 measures of tax rates, collections, burdens, and more.
1 min readBallot initiatives are often an afterthought on Election Day, but in many states, voters went to the polls to weigh in on significant tax policy questions. Here are the most recent results we’ve compiled for tax-related ballot measures.
5 min readExplore our list of the top state tax ballot measures to watch for throughout the country.
11 min readOur 2019 State Business Tax Climate Index compares each state on over 100 variables including corporate, individual, property, and sales taxes. How does your state rank?
17 min read