ARDMORE DEVELOPMENT AUTHORITY
410 W MAIN ST • ARDMORE, OK 73401
(580) 223-6162 • Fax: (580) 223-7825


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Overview Tax

Oklahoma’s taxes are lower than most of the other 49 states.

  • 4th lowest in property taxes per capita
  • 7th lowest in total tax burden per capita
  • The average Oklahoman pays $257 less in total state and local taxes in a year than the national average

Here’s how Oklahoma corporate, sales, and personal income taxes compare to other states in the region.

Tax comparisons
  State sales tax Corporate franchise tax Individual income tax Corporate income tax
Oklahoma 4.50% 0.13% 5.65% 6.00%
Kansas 5.30% 0.10% 6.45% 4.00%
Texas 6.25% 0.25% 0.00% 4.50%
Arkansas 6.00% 0.30% 7.00% 6.50%
Colorado 2.90% 0.00% 4.63% 4.63%
New Mexico 5.00% Flat fee 5.30% 7.60%
Louisiana 4.00% 0.15% 6.00% 8.00%
Missouri 4.23% 0.03% 6.00% 6.25%
* Texas corporate income tax reported is actually referred to by the state as a franchise tax. This tax identifies the lower bound amount for the Texas franchise tax. Otherwise, the Texas franchise ($2.50 per $1,000 of capital) is double the rate found in Oklahoma ($1.25 per $1,000 of capital up to a maximum of $20,000) without any cap.
Source: Oklahoma Department of Commerce/Federation of Tax Administrators
"We have many plants in North America and always recommend to those communities that they model their program after the Ardmore Development Authority. The ADA is considered a partner to our business."

Dave Brenner,
Former Plant Manager, Michelin North America

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580.223.6162

ARDMORE DEVELOPMENT AUTHORITY
410 W MAIN ST • ARDMORE, OK 73401
(580) 223-6162 • Fax: (580) 223-7825