Business Costs

Oklahoma City is no stranger to racking up rankings for being a great place to start a business. One important trend stands out: we have some of the lowest business costs in the nation. 

 

Tax Rate

Souce: Oklahoma Tax Commission
Local sales tax based on City of Oklahoma City rate of 3.875%. Local tax rates vary by city and county from 3% to 5%.

Ad Valorem (Property Tax)  
Real Property Less than 1% of assessed value
Personal (Machinery & Equipment) 1.5% of market value

Unemployment Compensation Tax - 2.2% on first $17,000 of payroll and 0.1% to 5.5% after two years experience

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