DUNCAN AREA  ECONOMIC DEVELOPMENT FOUNDATION | 8100 North Highway 81,  Duncan, OK  73533 | Phone: 580.255.9675 | Toll Free: 888.254.9675  |  Fax: 580.255.2647

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Taxes

Taxes

Corporate and Personal Tax Rates

 

State Income Tax Rate:  

  • 6% of Federal Taxable Income  

 

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

  • $87.55 Duncan  
  • $70.01 Marlow  
  • $84.71 Comanche  

 

  

Sales and 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%   

 

 

Inventory 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.



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DUNCAN AREA ECONOMIC DEVELOPMENT FOUNDATION
8100 North Highway 81 Duncan, OK 73533
Phone: 580.255.9675 Toll Free: 888.254.9675 Fax: 580.255.2647