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Tax Summary
- Oklahoma has eight different tax brackets ranging from 0.5% to 7% depending upon how much you earn.
- Personal exemption for a single individual is $1,000. Exemption for a married couple is $2,000. Dependents earn an exemption of $1,000 each.
- Sales tax in Oklahoma is 4.5%.
- Various cities and counties have an additional local sales tax.
- If you are a resident and had an income of $12,000 or less, you may be eligible for sales tax relief.
- Property taxes are assessed at the county level and based on the real value of the property.
- There is a homestead exemption that reduces property value by $1,000. Residents earning less than $20,000 may apply for an additional $1,000 exemption.
- There are additional exemptions for those who are over 65 or are totally disabled.
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