Oklahoma vs Iowa Taxes: Income, Property & Sales

Does Oklahoma or Iowa have lower taxes? We answer that in a variety of ways below:

Oklahoma vs Iowa Income Tax Comparison

	Oklahoma	Iowa
Income Tax Rates & Thresholds	0.25%: $0-$1,000 0.75%: $1,001-$2,500 1.75%: $2,501-$3,750 2.75%: $3,751-$4,900 3.75%: $4,901-$7,200 4.75%: $7,201+	0.33%: $0-$1,743 0.67%: $1,744-$3,486 2.25%: $3,487-$6972 4.14%: $6,973-$15,687 5.63%: $15,688-$26,145 5.96%: $26,146-$34,860 6.25%: $34,861-$52,290 7.44%: $52,291-$78,435 8.53%: $78,436+
Median Income	$63,440	$76,320
Income Tax Paid On Median Household Income	$9,200	$13,833
Income After Tax Based on Median Household Income	$54,240	$62,487

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Oklahoma vs Iowa Property Tax Comparison

	Oklahoma	Iowa
Average Property Tax Rate	0.76%	1.25%
Average House Price By State	$200,203	$215,458
Average Property Tax Owed Per Year	$1,522	$2,693
Income After Income Taxes & Property Taxes Based On Median State Household Income	$52,718	$59,794

Oklahoma vs Iowa Sales Tax Comparison

	Oklahoma	Iowa
Average State Sales Tax	4.50%	6.00%
Average Local Sales Tax Across the State	4.47%	0.94%
Average Combined Sales Tax Rate	8.97%	6.94%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,340	$3,880
Maximum Disposable Income Based on Median Household Income	$48,379	$55,913

After Tax Comparison Earning $40,000 Per Year Filing As Single

	Oklahoma	Iowa
Income Tax Owed	$4,403	$4,786
After Tax Income	$35,597	$35,214
Income After Income & Property Tax	$34,075	$32,521
Maximum Disposable Income After Income, Property & Sales Taxes	$31,270	$30,410

After Tax Comparison Earning $60,000 Per Year Filing As Single

	Oklahoma	Iowa
Income Tax Owed	$8,280	$9,028
After Tax Income	$51,720	$50,972
Income After Income & Property Tax	$50,198	$48,279
Maximum Disposable Income After Income, Property & Sales Taxes	$46,066	$45,146

After Tax Comparison Earning $80,000 Per Year Filing As Single

	Oklahoma	Iowa
Income Tax Owed	$13,630	$14,916
After Tax Income	$66,370	$65,084
Income After Income & Property Tax	$64,848	$62,391
Maximum Disposable Income After Income, Property & Sales Taxes	$59,510	$58,342

After Tax Comparison Earning $100,000 Per Year Filing As Single

	Oklahoma	Iowa
Income Tax Owed	$18,980	$21,015
After Tax Income	$81,020	$78,985
Income After Income & Property Tax	$79,498	$76,292
Maximum Disposable Income After Income, Property & Sales Taxes	$72,954	$71,341

After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly

	Oklahoma	Iowa
Income Tax Owed	$12,178	$14,448
After Tax Income	$87,822	$85,552
Income After Income & Property Tax	$86,300	$82,859
Maximum Disposable Income After Income, Property & Sales Taxes	$79,197	$77,482

After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly

	Oklahoma	Iowa
Income Tax Owed	$24,608	$28,768
After Tax Income	$125,392	$121,232
Income After Income & Property Tax	$123,870	$118,539
Maximum Disposable Income After Income, Property & Sales Taxes	$113,674	$110,846

After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly

	Oklahoma	Iowa
Income Tax Owed	$37,983	$44,033
After Tax Income	$162,017	$155,967
Income After Income & Property Tax	$160,495	$153,274
Maximum Disposable Income After Income, Property & Sales Taxes	$147,284	$143,327

After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly

	Oklahoma	Iowa
Income Tax Owed	$52,277	$60,217
After Tax Income	$197,723	$189,783
Income After Income & Property Tax	$196,201	$187,090
Maximum Disposable Income After Income, Property & Sales Taxes	$180,051	$174,948

FAQ

Does Oklahoma or Iowa have lower income taxes?

Oklahoma’s income tax falls into the following range:

• 0.25%: $0-$1,000
• 0.75%: $1,001-$2,500
• 1.75%: $2,501-$3,750
• 2.75%: $3,751-$4,900
• 3.75%: $4,901-$7,200
• 4.75%: $7,201+

Whereas Iowa’s income tax is the following

• 0.33%: $0-$1,743
• 0.67%: $1,744-$3,486
• 2.25%: $3,487-$6972
• 4.14%: $6,973-$15,687
• 5.63%: $15,688-$26,145
• 5.96%: $26,146-$34,860
• 6.25%: $34,861-$52,290
• 7.44%: $52,291-$78,435
• 8.53%: $78,436+

Does Oklahoma or Iowa have lower property taxes?

Oklahoma has an average property tax rate of 0.76%

In comparison, Iowa has an average property tax rate of 1.25%

Does Oklahoma or Iowa have lower sales taxes?

Oklahoma has a state sales tax rate of 4.50% and an average local rate of 4.47% for a combined total rate of 8.97%.

In contrast, Iowa has a state sales tax rate of 6.00% and an average local rate of 0.94% for a combined total rate of 6.94%.

Do you get to keep more money in Oklahoma or Iowa?

Based on median household income after income, property and sales taxes Oklahoma gives you a maximum amount of disposable income of $48,379

In comparison, Iowa gives you $55,913.

More Comparisons:

Oklahoma vs Nevada
Oklahoma vs Arkansas
Oklahoma vs Mississippi
Oklahoma vs Kansas
Oklahoma vs New Mexico

Sources:

https://en.wikipedia.org/wiki/State_income_tax#Rates_by_jurisdiction

https://www.bankrate.com/real-estate/property-tax-by-state/#by-state

https://fred.stlouisfed.org/release/tables?eid=259515&rid=249

https://www.fool.com/the-ascent/research/average-house-price-state/

https://taxfoundation.org/data/all/state/2022-sales-taxes/

https://www.forbes.com/advisor/income-tax-calculator/