Corporate & Personal Tax Rates  

· State Income Tax Rate:  

        6% of Federal Taxable Income  

· Property Tax Rate (per $1000 of assessed value):  

        $93.87 Duncan  

        $70.01 Marlow  

        $85.40 Comanche  

Sales & Use Tax Rates  

· Sales Tax:  

        Local: 3.5%  

        County: 0.55%  

        State:   4.5%

Oklahoma has a comprehensive sales tax exemption for manufacturers who obtain a Manufacturer’s Sales Tax Exemption Permit from the Oklahoma Tax Commission.  

· Use Tax:  

        Local: 3.5%  

        State: 4.5%   

I nventory Tax Rates  

· Oklahoma has a Freeport Exemption on qualified inventory; Oklahoma’s Freeport Law exempts from taxation goods, wares, and merchandise that come from outside the state and leave the state within nine months if such goods, wares, and merchandise are held for assembly, storage, manufacturing, processing, or fabricating purposes within the state.