Colorado vs. Oklahoma Property Taxes

According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), the two states differ noticeably in effective property‑tax rates, median home values, and the resulting tax burden for typical households. Below is a factual side‑by‑side comparison of the key metrics that influence property‑tax costs in Colorado and Oklahoma.

Side‑by‑Side Comparison

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

Which State Has the Lower Tax Burden?

• Winner (lower effective tax rate): Colorado (0.49 % vs. 0.82 %).
• Rate difference: 0.33 % absolute, which is a 40.37 % lower rate in Colorado.
• Annual tax difference on a $250k home: $825 less in Colorado.
• Annual tax difference on a $500k home: $1,650 less in Colorado.

Why Colorado wins: The effective property‑tax rate in Colorado is 0.33 percentage points lower than Oklahoma’s. Because the rate is applied to the assessed value of the property, the lower percentage translates into smaller annual tax bills for homes at both $250 k and $500 k price points, despite Colorado’s higher median home values.

Who Benefits From This Comparison?

• Current and prospective homeowners can use the rate and dollar‑amount data to estimate annual tax costs when evaluating purchases in either state.
• Retirees who often consider property‑tax burden as part of fixed‑income budgeting will find the lower rate in Colorado advantageous, though they must also weigh the higher median home price.
• Real‑estate investors can assess the relative tax efficiency of holding property in each state, noting that Colorado’s lower rate reduces ongoing holding costs.
• Policy analysts and public‑finance professionals may reference the figures when comparing state‑level tax structures.

The data presented are descriptive and do not account for other factors such as local levies, exemptions, or state‑wide tax credits that could affect an individual’s net tax liability.

Further Reading

• Detailed information on Colorado’s property‑tax system: Colorado property tax
• Detailed information on Oklahoma’s property‑tax system: Oklahoma property tax

Based on the most recent ACS estimates, Colorado’s effective property‑tax rate is lower than Oklahoma’s, resulting in smaller annual tax payments for comparable home values.