Oklahoma City’s June sales and use tax summary
Sales tax
Sales tax in Oklahoma City was up 6 percent in June compared to last year.
Collections for the month totaled $32.4 million. Sales tax is the
largest single source of revenue for Oklahoma City.
June is the sixth month in a row of strong sales tax growth and brings
the growth in sales tax up to 5.6 percent for the year. The June sales
tax check includes actual collections for the second half of April and the
first half of May.
Use tax
June use tax collection was 24.8 percent above June 2011 collections and
totaled $4.8 million. Use tax finished the fiscal year with growth of
20.9 percent over last year. Use tax is paid on goods purchased outside the
state but used in the City.
The full June sales tax report is available at
http://www.okc.gov/finance_tab/Sales_Tax_Reports/SalesTax_201206.pdf
About sales tax
The sales tax rate in Oklahoma City is 8.375 percent. The City receives
3.875 of the taxable sales made in Oklahoma City. Of that, two
cents is allocated to the City’s General Fund, one cent goes to MAPS 3,
three-fourths cent is dedicated to Police and Fire and one-eighth of a penny
goes to the Zoo. The remaining four and a half cents belongs to the state.
Note: Oklahoma City residents who live in Cleveland and Canadian
Counties pay a slightly higher sales tax rate due to their county’s jail
tax.
Contact: Kristy Yager
297-2550 / 863-2831
Kristy.yager@okc.gov
