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Thursday, October 17, 2024 at 8:20 AM
TriCity Insurance Agency

Newcastle has big tax gain

Blanchard, Dibble, Newcastle, Purcell and Pauls Valley showed the largest gains over last year in the sales tax/use tax categories.

Blanchard, Dibble, Newcastle, Purcell and Pauls Valley showed the largest gains over last year in the sales tax/use tax categories.

Newcastle gained more than $85,000 while Purcell increased by more than $28,000.

Statewide, the taxes for the April time period came in at $263,100,655 compared to $219,965,400 last year.

CITY RATE 2023 2022 DIFFERENCE

Blanchard .04 $613,661.73 $459,410.96 +$154,250.77 Byars .04 $2,397.01 $3,539.34 -$1,142.33 Cole .04 $5,580.78 $7,013.27 -$1,432.49 Dibble .05 $42,557.63 $23,246.96 +$19,310.67 Goldsby .035 $194,053.76 $200,182.44 -$6,128.68 Lexington .04 $60,778.75 $57,847.65 +$2,931.10 Lindsay .04 $322,691.64 $308,818.90 +$13,872.74 Maysville .04 $31,388.94 $26,559.55 +$4,829.39 Newcastle .04 $905,569.77 $820,042.22 +$85,527.55 Noble .04 $220,197.60 $221,960.90 -$1,763.30 Norman .04125 $9,224,176.89 $10,018,752.59 -$794,575.70 Paoli .03 $5,595.05 $7,032.16 -$1,437.11 Pauls Valley .045 $754,662.89 $659,287.35 +$95,375.54 Purcell .05 $738,335.02 $710,206.01 +$28,129.01 Slaughterville .02 $35,558.62 $36,813.71 -$1,255.09 Wanette .035 $3,819.90 $5,446.00 -$1,626.10 Washington .04 $26,138.92 $34,098.08 -$7,959.16 Wayne .035 $26,318.62 $24,743.83 -$1,574.79 McClain County .005 $356,752.94 $361,634.33 -$4,881.39

Use tax:

Every state with a sales tax has a companion tax for outside the state. In Oklahoma, this is a “use tax.”

When someone purchases items for use in Oklahoma from retailers who do not collect sales tax, the buyer owes the state on those items. The state use tax was first enacted in 1937.


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