Does Texas or Oklahoma have lower taxes? We answer that in a variety of ways below:
Texas vs Oklahoma Income Tax Comparison
Texas | Oklahoma | |
Income Tax Rates & Thresholds | None |
|
Median Income | $74,640 | $63,440 |
Income Tax Paid On Median Household Income | $9,189 | $9,200 |
Income After Tax Based on Median Household Income | $65,451 | $54,240 |
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Texas vs Oklahoma Property Tax Comparison
Texas | Oklahoma | |
Average Property Tax Rate | 1.25% | 0.76% |
Average House Price By State | $305,497 | $200,203 |
Average Property Tax Owed Per Year | $3,819 | $1,522 |
Income After Income Taxes & Property Taxes Based On Median State Household Income | $61,632 | $52,718 |
Texas vs Oklahoma Sales Tax Comparison
Texas | Oklahoma | |
Average State Sales Tax | 6.25% | 4.50% |
Average Local Sales Tax Across the State | 1.95% | 4.47% |
Average Combined Sales Tax Rate | 8.20% | 8.97% |
Maximum Amount of Sales Tax Paid Based on Median Household Income | $4,671 | $4,340 |
Maximum Disposable Income Based on Median Household Income | $56,961 | $48,379 |
After Tax Comparison Earning $40,000 Per Year Filing As Single
Texas | Oklahoma | |
Income Tax Owed | $3,040 | $4,403 |
After Tax Income | $36,960 | $35,597 |
Income After Income & Property Tax | $33,141 | $34,075 |
Maximum Disposable Income After Income, Property & Sales Taxes | $30,630 | $31,270 |
After Tax Comparison Earning $60,000 Per Year Filing As Single
Texas | Oklahoma | |
Income Tax Owed | $5,968 | $8,280 |
After Tax Income | $54,032 | $51,720 |
Income After Income & Property Tax | $50,213 | $50,198 |
Maximum Disposable Income After Income, Property & Sales Taxes | $46,408 | $46,066 |
After Tax Comparison Earning $80,000 Per Year Filing As Single
Texas | Oklahoma | |
Income Tax Owed | $10,368 | $13,630 |
After Tax Income | $69,632 | $66,370 |
Income After Income & Property Tax | $65,813 | $64,848 |
Maximum Disposable Income After Income, Property & Sales Taxes | $60,826 | $59,510 |
After Tax Comparison Earning $100,000 Per Year Filing As Single
Texas | Oklahoma | |
Income Tax Owed | $14,768 | $18,980 |
After Tax Income | $85,232 | $81,020 |
Income After Income & Property Tax | $81,413 | $79,498 |
Maximum Disposable Income After Income, Property & Sales Taxes | $75,243 | $72,954 |
After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly
Texas | Oklahoma | |
Income Tax Owed | $8,481 | $12,178 |
After Tax Income | $91,519 | $87,822 |
Income After Income & Property Tax | $87,700 | $86,300 |
Maximum Disposable Income After Income, Property & Sales Taxes | $81,054 | $79,197 |
After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly
Texas | Oklahoma | |
Income Tax Owed | $18,536 | $24,608 |
After Tax Income | $131,464 | $125,392 |
Income After Income & Property Tax | $127,645 | $123,870 |
Maximum Disposable Income After Income, Property & Sales Taxes | $117,972 | $113,674 |
After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly
Texas | Oklahoma | |
Income Tax Owed | $29,536 | $37,983 |
After Tax Income | $170,464 | $162,017 |
Income After Income & Property Tax | $166,645 | $160,495 |
Maximum Disposable Income After Income, Property & Sales Taxes | $154,016 | $147,284 |
After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly
Texas | Oklahoma | |
Income Tax Owed | $41,455 | $52,277 |
After Tax Income | $208,545 | $197,723 |
Income After Income & Property Tax | $204,726 | $196,201 |
Maximum Disposable Income After Income, Property & Sales Taxes | $189,211 | $180,051 |
FAQ
Does Texas or Oklahoma have lower income taxes?
Texas’s income tax falls into the following range: None
Whereas Oklahoma’s income tax is the following
- 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+
Does Texas or Oklahoma have lower property taxes?
Texas has an average property tax rate of 1.25%
In comparison, Oklahoma has an average property tax rate of 0.76%
Does Texas or Oklahoma have lower sales taxes?
Texas has a state sales tax rate of 6.25% and an average local rate of 1.95% for a combined total rate of 8.20%.
In contrast, 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%.
Do you get to keep more money in Texas or Oklahoma?
Based on median household income after income, property and sales taxes Texas gives you a maximum amount of disposable income of $56,961
In comparison, Oklahoma gives you $48,379.
More Comparisons:
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