Arkansas vs Oklahoma
Arkansas vs. Oklahoma Property Taxes
Based on the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates)
Both Arkansas and Oklahoma have property‑tax systems that are funded primarily at the county level, with rates set by local jurisdictions. The two states differ in effective tax rates, median home values, and the resulting annual tax bills for typical properties.
Side‑by‑side comparison
| Metric | Arkansas | Oklahoma |
|---|---|---|
| Effective property tax rate | 0.57 % | 0.82 % |
| Median home value (2026) | $175,300 | $185,900 |
| Median annual property tax | $1,003 | $1,520 |
| Property tax on a $250,000 home | $1,431 | $2,044 |
| Property tax on a $500,000 home | $2,861 | $4,088 |
| Median household income | $58,773 | $63,603 |
Sources: “Effective property tax rate,” “Median home value,” “Median annual property tax,” and “Median household income” are all drawn from the U.S. Census Bureau’s 2023 ACS 5‑year estimates.
Which state has the lower tax burden?
Winner: Arkansas
- Effective tax rate: Arkansas 0.57 % vs. Oklahoma 0.82 % – a difference of 0.25 percentage points.
- Relative difference: The Oklahoma rate is about 30.0 % higher than Arkansas’s rate.
- Annual tax on a $250,000 home: Arkansas $1,431 vs. Oklahoma $2,044 – $613 less in Arkansas.
- Annual tax on a $500,000 home: Arkansas $2,861 vs. Oklahoma $4,088 – $1,227 less in Arkansas.
Because the effective property‑tax rate is lower, the total tax payable on a given property value is lower in Arkansas across the price points shown.
Who is likely to benefit from this comparison?
| Audience | Relevance of lower property tax |
|---|---|
| Current or prospective homeowners | A lower effective rate reduces the yearly cost of owning a home, which can improve affordability, especially for buyers of median‑priced houses. |
| Retirees on fixed incomes | Property taxes represent a fixed, recurring expense. Lower rates in Arkansas can help retirees stretch limited income further. |
| Investors in rental properties | Lower annual taxes can increase net operating income and improve cash‑flow projections. |
| Low‑ to moderate‑income households | With median household income at $58,773, Arkansas’s lower tax bill represents a smaller share of disposable income than in Oklahoma. |
| High‑income households | While the absolute dollar difference is larger for higher‑priced homes, the relative impact may be less significant compared with other cost factors (e.g., insurance, utilities). |
Summary
According to U.S. Census Bureau data, Arkansas’s effective property‑tax rate of 0.57 % is lower than Oklahoma’s 0.82 %. This translates into lower median annual taxes and lower tax amounts on both $250 k and $500 k homes. Based on the most recent ACS estimates, the lower rate makes Arkansas the more tax‑advantageous option for homeowners, retirees, and property investors who prioritize property‑tax costs.
For further state‑specific details, see the dedicated pages:
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Data Source
All figures are drawn from the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates). This comprehensive dataset provides reliable, standardized property tax information across all states.