Florida vs Oklahoma
Property‑Tax Comparison: Florida vs. Oklahoma
Intro
Both Florida and Oklahoma levy property taxes that fund local services such as schools, roads, and public safety. According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), the two states have similar effective tax rates but differ in home values and median household incomes. The data below summarizes the key metrics that affect a homeowner’s annual property‑tax bill.
Side‑by‑side comparison
| Metric | Florida | Oklahoma |
|---|---|---|
| Effective property‑tax rate | 0.79 % | 0.82 % |
| Median home value | $325,000 | $185,900 |
| Median annual property tax | $2,555 | $1,520 |
| Tax on a $250,000 home | $1,966 | $2,044 |
| Tax on a $500,000 home | $3,931 | $4,088 |
| Median household income | $71,711 | $63,603 |
| Relevant internal pages | Florida property tax | Oklahoma property tax |
All figures are drawn from the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates).
Who wins on property tax?
- Winner (lower effective tax rate): Florida
- Tax‑rate difference: 0.03 % (a 3.84 % relative difference)
- Annual tax difference on a $250,000 home: $78 in favor of Florida
- Annual tax difference on a $500,000 home: $157 in favor of Florida
Why Florida wins
Based on the most recent ACS estimates, Florida’s effective property‑tax rate of 0.79 % is marginally lower than Oklahoma’s 0.82 %. Because the rate is applied to the assessed value of the property, the lower rate translates into a smaller dollar‑amount tax bill for comparable home values. Even though Florida’s median home price is higher, the rate advantage still yields lower taxes for the same nominal home price ($250 k or $500 k) when the two states are compared directly.
Who benefits from this comparison?
| Audience | Relevance of the comparison |
|---|---|
| Current or prospective homeowners | Understanding the effective tax rate helps estimate annual housing costs in each state. |
| Retirees | Property taxes are a recurring expense; a lower rate can affect fixed‑income budgeting. |
| Real‑estate investors | The rate difference influences cash‑flow calculations for rental or resale properties. |
| Relocating families | Combined with median household income data, the tax burden can be weighed against overall affordability. |
The comparison is factual and does not include qualitative judgments about lifestyle, climate, or other non‑tax considerations. It is intended to help stakeholders evaluate the relative property‑tax burden in Florida and Oklahoma based on the most recent federal data.
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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.