Frequently Asked Questions
What is Edmond's sales tax rate?
The sales tax rate in Edmond is 7.75%. Of that 4.5% goes to the State of Oklahoma. The City of Edmond receives 3.25% which is used for general fund operations, public safety, parks, and capital improvements.
Where does Edmond's sales tax go?
The 3.25% that Edmond receives go to fund City services, parks and capital projects. Two percent (2 cents or 2%) is for General Fund Operations which include public safety, parks and recreation, street maintenance, social services, community development programs and general government. One-eighth percent (1/8 cent or .125%) is a permanent tax for operations and improvement costs of the City's park and recreation system. Three-quarters cent (¾ cent or .75%) is a permanent tax for capital improvements. The remaining three-eights percent (3/8 cent or .375%) is also a permanent tax and it funds operational costs of the police and fire public safety departments.
What does the city do with my property tax?
The City of Edmond does not normally levy any property tax. The property tax you pay goes to the the Edmond Public School system, Francis Tuttle Vo Tech School and Oklahoma County.
Unlike most states, Oklahoma law does not permit cities to levy property taxes for operations. In most states, the property tax would equal or exceed sales tax as the primary source of revenue. Sales tax revenue is the only significant tax the City of Edmond receives. Sales tax revenue is 65% of our total General Fund income.
Oklahoma law does provide that cities may levy property taxes to pay for general obligation bond debt or to satisfy legal judgments against cities. The City of Edmond began a 3 year levy beginning in 2005 to satisfy a legal judgment.
What is the City's Federal ID Number?
The City of Edmond is exempted from tax per state statute as a municipality. Our Federal ID Number is 73-6005189.
What are the City's Bond Ratings?
As of November 1998 the bond rating for the City of Edmond with insurance is AAA and Aaa. The underlying rating is A+.
