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Mustang Chamber of Commerce

Annual Report Tax Rates

  Corporate Income Tax 6%
  Sales Tax (State) 4.5%
  Sales Tax (City of Mustang) 4.0%
  County Tax .35%
  Total Sales Tax 8.85%
  State Personal Income Tax 7%
  Ad Valorem (Property Tax)  
     Real Property 100.65 mils.

 

The breakout for this total is:  the City of Mustang- 1.39mils, Mustang Public Schools- 58.58 mils, County-16.11 mils and Vo-Tech-21.6 mils

  Personal Property 12%

 

Unemployment Compensation Tax - 1.1% on first $10,900 of payroll and .2% to 5.8% after two years experience.