Taxes and Utilities

Norman Economic Development Coalition

Taxes and Utilities

Income Tax 
Personal Income Tax: 5.25 % max
Corporate Tax Rate: 6.0% max
Property Tax (Ad Valorem) 
City: $14.00
County: $23.07
Public Schools: $64.46
Technology Schools: $18.90
Total: $120.43
*Valuation is 12% of Fair Market
Value per thousand of assessed value
Sales Tax 
State of Oklahoma: 4.5%
City of Norman: 4.0%
Cleveland County: 0.25%
Business Resource 
Electricity
Oklahoma Gas & Electric Company
Oklahoma Electric Cooperative
Gas
Oklahoma Natural Gas
Water
Supplier: City of Norman
Source: Lake Thunderbird/Wells
System Capacity: 24,350,000 GPD
Daily Production: Max: 23,094,000 GPD
Min: 6,326,000 GPD
Sewer  
Sewer Treatment Authority: City of Norman
Sewage Capacity: 12,000,000 GPD
City of Norman
Telecommunications
AT&T Cox Communications
Telecommunications Services Available
Digital Services Fiber Optics Point of Presence