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
"If you are locating a new facility and want to deal with an up-front organization that is experienced, gets a first-rate job done in record time, handles everything, and provides for a smooth and easy project; the Ardmore Development Authority is the one to call."

Cal Turner,
Former Chairman of the Board, Dollar General Corporation

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