General Fund Sales tax
(September 9, 2014) - The general fund sales tax in Oklahoma City was up 2.3 percent in August compared to last year. Collections for the month totaled $18.3 million. Sales tax is the largest single source of revenue for Oklahoma City.
Sales tax revenues were up for the fifth consecutive month. The August sales tax check includes actual collections for the second half of June and the first half of July. The General Fund pays for the day-to-day operations of the City.
All City sales taxes combined, which include the General Fund, MAPS 3, Police and Fire and the Zoo, generated $35.5 million in August.
Read the full August sales tax report here.
About sales tax
The sales tax rate in Oklahoma City is 8.375 percent. The City’s portion is 3.875 cents of each dollar in 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 businesses located in Cleveland and Canadian Counties collect a slightly higher sales tax rate due to their county’s jail tax.
Contact: Kristy Yager, 582-0803
Kristy.yager@okc.gov