Oklahoma Tax Policy & Rates 2026
Income tax, sales tax, property tax, and overall tax burden for Oklahoma in 2026, with political context.
No
No Income Tax
4.75% (top, decreasing)
Income Tax Rate
#46
Tax Burden Rank (1=highest)
#36
Property Tax Rank (1=highest)
Tax Policy Overview
Oklahoma has been cutting income taxes gradually and has low corporate taxes. The state has relatively low overall tax burden. Oil and gas revenues provide significant state funding. Local sales taxes can be high in some areas.
Key Tax Rates
| Tax Type | Rate / Status |
|---|---|
| Income Tax | 4.75% (top, decreasing) |
| No Income Tax | No |
| Sales Tax | 4.5% (+local up to 11.5%) |
| No Sales Tax | No |
| Corporate Tax | 4.0% |
| Property Tax Rank | #36 nationally (1=highest) |
| Overall Tax Burden Rank | #46 nationally (1=highest) |
Political Context
Oklahoma Republicans have pursued income tax cuts with the goal of eventually eliminating the income tax. Oil revenues provide fiscal space for cuts. Democrats argue cuts reduce funding for already-underfunded education. The state’s tribal gaming compacts also generate revenue shared between the state and tribal nations.