Oklahoma Property Tax

Effective Property Tax Rate

81.76%

Median Annual Tax

$1,520

Median Home Value

$185,900

Oklahoma Property Tax Overview

Keywords: Oklahoma property tax, property tax in Oklahoma, Oklahoma property tax rate

Key Statistics (2026)

Metric	Value
Median home value	$185,900
Average effective property tax rate	0.82 %
Median annual property tax	$1,520
National average effective tax rate (2026)	0.97 %
Oklahoma’s position relative to the national average	15.51 % lower
Rank among states/territories (effective rate)	#27 of 52

Source: According to the U.S. Census Bureau's American Community Survey (ACS) (5‑year estimates, 2023).

How the Tax is Calculated

The effective property tax rate represents the amount of tax paid as a percentage of home value. In Oklahoma, the rate of 0.82 % is applied to the assessed value of a property to determine the annual tax bill.

Example Tax Bills

Home value	Approximate annual property tax*
$250,000	$2,044
$500,000	$4,088

*Calculated using the 0.82 % effective tax rate reported by the ACS.

Variation by County

Property tax rates in Oklahoma are not uniform across the state. Each county (and many municipalities) sets its own millage rates, which can cause the effective tax rate for a specific property to differ from the statewide average of 0.82 %. Homeowners should consult the local county assessor’s office for the precise rate applicable to a given address.

Comparison to the National Average

Effective tax rate: Oklahoma’s 0.82 % is 15.51 % lower than the national average of 0.97 %.
Ranking: With an effective rate that places it 27th out of 52 states and territories, Oklahoma’s property tax burden is lower than many jurisdictions but higher than the lowest‑tax states.

Implications for Retirees and Landlords

Group	Considerations based on property tax data
Retirees	The lower-than‑national effective tax rate can reduce the overall cost of homeownership, which may be advantageous for fixed‑income budgets. However, actual tax liability will depend on the local millage rate and the value of the residence.
Landlords	Property tax is a component of operating expenses for rental properties. Oklahoma’s effective rate of 0.82 % is below the national average, potentially resulting in lower tax expenses relative to many other states. Landlords should still account for county‑specific rates and any special assessments that may apply to rental units.

All statements are factual and based on the most recent ACS estimates; they do not constitute financial advice.

Frequently Asked Questions

1. What is the “effective property tax rate” and how is it different from the millage rate?
The effective property tax rate is the total tax paid expressed as a percentage of the home’s market value. The millage rate is the local levy expressed in mills (one mill = $1 per $1,000 of assessed value) and varies by county, city, and special districts. Multiplying the assessed value by the combined millage rates yields the tax amount, which, when divided by market value, gives the effective rate.

2. Does Oklahoma have a statewide property tax exemption for seniors?
Oklahoma provides a homeowner’s exemption that reduces the assessed value of a primary residence by a fixed amount (currently $1,000). Additional exemptions may be available for qualifying seniors, veterans, or disabled persons at the county level, but there is no universal statewide exemption that eliminates property tax for seniors.

3. How can I find the exact property tax rate for a specific address?
Contact the county assessor’s office where the property is located or visit the county’s official website. Most counties offer online property tax calculators or searchable databases that list current millage rates and any applicable special assessments for individual parcels.

All figures reflect the 2023 5‑year ACS estimates and are presented without promotional language.

Neighboring States