The sales tax in Tishomingo, Oklahoma, is 9.5%.
Understanding Tishomingo's Sales Tax Rate
This 9.5% represents the minimum combined sales tax rate for Tishomingo, Oklahoma, specifically for the year 2024. This comprehensive rate includes the cumulative sales taxes levied by the state, the county, and the city itself.
Understanding this combined rate is essential for both residents and businesses:
- For Consumers: When making purchases in Tishomingo, Oklahoma, the final price of an item will include an additional 9.5% for sales tax. This helps individuals budget more accurately for their spending.
- For Businesses: Companies operating within Tishomingo are responsible for collecting this 9.5% sales tax from customers on taxable goods and services. Accurate collection and timely remittance are critical for compliance and proper financial management.
Tishomingo Sales Tax Overview
| Factor | Detail |
|---|---|
| Combined Sales Tax Rate | 9.5% |
| Applicable Year | 2024 (minimum combined rate) |
| Components Included | State, County, and City sales taxes |
The Significance of Combined Sales Tax Rates
Sales tax rates are often a combination of multiple jurisdictional levies. While Oklahoma has a statewide sales tax, individual counties and cities like Tishomingo can impose their own additional taxes. The combined rate simplifies the process, providing a single percentage that applies to most retail transactions, ensuring clarity for both buyers and sellers within the city limits. This integrated rate reflects the total tax burden on eligible purchases in Tishomingo.
