Sales Tax Breakdown
Oklahoma Cities and Towns are largely supported by sales tax. Under Oklahoma law, state sales tax must be charged and collected on all transfers of title or possession of tangible personal property for valuable consideration that occur within this state. If the transaction occurs within the boundaries of a county or municipality that levies a sales tax, the applicable county or municipal sales tax must also be charged and collected.
Effective January 1, 2023, the total sales tax rate within the Atoka city limits is 10.50%. This is broken down as follows:
City Sales Tax 4.0%
County Sales Tax 2.0%
State Sales Tax 4.5%
From the City's 4.0%, the funds are distributed as follows:
City General Fund 1.0% General Government, Public Safety, Parks & Recreation, Cemeteries, and Code Enforcement
Capital Improvement 1.0% Streets, Right of Ways, Alleys, Utility Relocations, Fire Department Vehicles & Equipment
Atoka Municipal Authority 0.5% Water Plant Loan Payment
Atoka City Industrial Development Authority 0.5% Economic Development
Atoka Public Schools 1.0% New Sports Complex Facilities
Oklahoma Cities and Towns do not receive Property taxes, these are assessed and collected by the County.