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%