• Tax Structure

  • State

    Sales Tax ... 7% (5.50% for food & food ingredients for human consumption)

    Income Tax
     Personal ... 6% on interest & dividends
     Corporate (Excise) ... 6.5% of net earnings

    Franchise Tax ... .25 per $100 of capital properties

    Unemployment Tax
     New Employers ... 2.7% of first $7000

    Local

  •   Atoka Brighton Munford County
    Property Tax        
     Rate Per $100   Value $ 0.5557 $ .4963 $ .9298 $ 2.34
     Ratio of Assessment        
     Residential 25% 25% 25% 25%
     Industrial 40% 40% 40% 40%
     Personal (Equipment) 30% 30% 30% 30%
     (Inventory Tax) –Raw        
     Materials Only        
    Bonded Debt $ 605,000 $ 235,000 $ 3,934,000 $ 47,342,206
    Assessed Valuation $ 152,834,740 $ 42,498,023 $ 97,098,134 $ 952,750,749
    School Tax None None None None
    Sales Tax       2.25%
    Hotel-Motel Tax       5.00%