Taxes & Insurance in Mustang
Mustang's tax and insurance picture combines a genuinely low property tax rate with a high sales tax rate and Oklahoma's shared, tornado-driven insurance climate.
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Learn moreA genuinely low property tax rate
Mustang's own effective property tax rate ran 0.87%, below both the Oklahoma statewide median (~0.90%) and the national median (1.02%) (base record).
Oklahoma's real, contingent income-tax cut
Oklahoma's top individual income tax rate fell to a real, current 4.5% effective tax year 2026 under House Bill 2764, genuinely contingent on the state meeting certified revenue-growth triggers. Social Security is fully exempt from Oklahoma income tax statewide (base record).
A genuinely high combined sales tax rate
Mustang's combined sales tax rate ran a real, disclosed 8.85%-9.35% across sources -- genuinely above the national average, a real trade-off against the low property tax (base record).
Oklahoma's real, tornado-driven insurance climate
No Mustang-specific homeowners-insurance figure was found this pass; Oklahoma's statewide average premium ran approximately $5,749/year for $300,000 in dwelling coverage, against a national average of approximately $2,600/year, driven by tornado and hail risk (base record).
Key takeaways
- Mustang's 0.87% property tax rate runs below both Oklahoma and national medians.
- The combined sales tax rate (8.85%-9.35%) runs genuinely above the national average.
- Oklahoma's statewide homeowners-insurance average (~$5,749/year) runs well above the national average, driven by tornado and hail risk.
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