Oklahoma County Property Taxes
The median property tax rate in Oklahoma County is 1.00%, which is slightly higher than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $192,500 in Oklahoma County, the typical annual property tax bill amounts to $1,891, which is below the national median of $2,690. Property taxes in Oklahoma County are calculated based on the assessed value, which often falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Oklahoma County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Oklahoma City or another part of Oklahoma County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Oklahoma County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$1,925
Ownwell’s Oklahoma County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Oklahoma County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Oklahoma County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Oklahoma County, Oklahoma
Property taxes in Oklahoma County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Oklahoma County is 1.00%, which is slightly higher than the U.S. national median of 0.99%. Local government entities within Oklahoma County set these rates annually, and they can vary significantly between different areas within the county. Each year, Oklahoma County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Oklahoma County's effective property tax rate with other areas in Oklahoma and the national median. For comparison, the city of Nichols Hills has one of the higher property tax rates in Oklahoma at 1.41%, while the city of Norman boasts one of the lowest at 0.53%. Analyzing how Oklahoma County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Oklahoma County Tax Rate
1.00%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oklahoma County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arcadia | 0.58% | 0.74% | 0.92% | 1.01% | 1.15% |
| Bethany | 0.74% | 0.91% | 1.06% | 1.16% | 1.31% |
| Choctaw | 0.70% | 0.88% | 1.00% | 1.14% | 1.29% |
| County | 0.93% | 0.96% | 1.00% | 1.07% | 1.12% |
| Del City | 0.67% | 0.80% | 0.93% | 1.00% | 1.21% |
| Edmond | 0.83% | 0.91% | 0.99% | 1.12% | 1.22% |
| Harrah | 0.57% | 0.73% | 0.83% | 0.95% | 1.08% |
| Jones | 0.58% | 0.79% | 0.95% | 1.14% | 1.24% |
| Luther | 0.43% | 0.59% | 0.75% | 0.90% | 1.00% |
| Mcloud | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% |
| Midwest City | 0.74% | 0.88% | 0.99% | 1.09% | 1.29% |
| Moore | 1.00% | 1.05% | 1.14% | 1.35% | 1.35% |
| Newalla | 0.52% | 0.71% | 0.88% | 1.00% | 1.18% |
| Nichols Hills | 1.13% | 1.26% | 1.41% | 1.53% | 1.54% |
| Nicoma Park | 0.42% | 0.63% | 0.83% | 0.97% | 1.11% |
| Norman | 0.52% | 0.52% | 0.53% | 0.54% | 0.54% |
| Oklahoma City | 0.67% | 0.87% | 1.01% | 1.12% | 1.29% |
| Piedmont | 0.83% | 0.89% | 0.94% | 1.21% | 1.32% |
| Smith Village | 0.58% | 0.72% | 0.84% | 0.95% | 0.99% |
| Spencer | 0.42% | 0.61% | 0.81% | 1.01% | 1.19% |
| Tinker Afb | N/A | N/A | N/A | N/A | N/A |
| Unincorporated | 0.38% | 0.64% | 0.89% | 1.00% | 1.16% |
| Warr Acres | 0.74% | 0.86% | 1.01% | 1.10% | 1.23% |
| Wellston | 0.72% | 0.74% | 0.77% | 0.84% | 0.88% |
| Wheatland | 0.62% | 0.77% | 0.88% | 0.95% | 1.01% |
| Yukon | 0.63% | 0.70% | 0.82% | 0.94% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Oklahoma County, Oklahoma
In Oklahoma County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Oklahoma County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Oklahoma County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Oklahoma County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Oklahoma County, the city with the highest median tax bill is Nichols Hills at $10,881, while Norman has the lowest at $492.
Property Tax Assessment Values Across Oklahoma County, Oklahoma
Source: Ownwell
$64,500
$428,500
$792,500
Average Oklahoma County Assessed Value
$192,500
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oklahoma County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arcadia | $105,450 | $272,625 | $499,750 | $856,375 | $1,225,100 |
| Bethany | $100,000 | $128,500 | $162,000 | $200,000 | $253,000 |
| Choctaw | $117,000 | $181,000 | $262,000 | $359,500 | $474,500 |
| County | $25,687 | $52,698 | $97,715 | $148,103 | $178,336 |
| Del City | $77,000 | $92,500 | $114,000 | $140,500 | $193,700 |
| Edmond | $185,385 | $234,500 | $311,500 | $437,000 | $627,500 |
| Harrah | $79,501 | $140,500 | $209,500 | $277,250 | $361,000 |
| Jones | $54,442 | $104,824 | $216,000 | $402,500 | $738,800 |
| Luther | $34,558 | $65,499 | $160,500 | $286,250 | $430,550 |
| Mcloud | $149,113 | $149,113 | $149,113 | $149,113 | $149,113 |
| Midwest City | $75,500 | $89,000 | $122,000 | $184,750 | $221,400 |
| Moore | $19,649 | $37,500 | $91,000 | $156,500 | $235,400 |
| Newalla | $71,608 | $131,000 | $280,500 | $364,000 | $451,400 |
| Nichols Hills | $331,000 | $482,000 | $791,000 | $1,267,500 | $1,776,000 |
| Nicoma Park | $78,000 | $102,838 | $140,078 | $201,500 | $295,250 |
| Norman | $34,760 | $57,466 | $95,311 | $133,156 | $155,862 |
| Oklahoma City | $68,500 | $101,000 | $156,500 | $230,500 | $341,500 |
| Piedmont | $252,450 | $328,166 | $377,000 | $521,875 | $666,100 |
| Smith Village | $71,400 | $79,125 | $93,750 | $106,625 | $128,850 |
| Spencer | $30,080 | $62,500 | $103,000 | $147,000 | $189,500 |
| Tinker Afb | N/A | N/A | N/A | N/A | N/A |
| Unincorporated | $29,178 | $78,165 | $169,874 | $333,312 | $477,750 |
| Warr Acres | $118,000 | $146,500 | $180,500 | $228,125 | $302,150 |
| Wellston | $267,579 | $330,469 | $435,285 | $485,142 | $515,057 |
| Wheatland | $87,799 | $156,500 | $217,000 | $230,000 | $281,500 |
| Yukon | $498,674 | $565,645 | $677,264 | $788,882 | $855,853 |
Source: Ownwell
Property Tax Bills Across Oklahoma County, Oklahoma
In Oklahoma County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in the county is $192,500. Homeowners can expect their tax bills to vary widely, with the 25th percentile at $1,047 and the 75th percentile at $3,046. At the higher end, the 90th percentile tax bill reaches $4,763. Several factors influence these tax bills, including the property's assessed value, local tax rates, and any applicable exemptions. For instance, homes in Nichols Hills face the highest median tax bill in the county, at $10,881, while those in Norman experience the lowest, at $492. This disparity highlights the significant impact of location and property value on tax obligations. Homeowners in Oklahoma County should be aware of these factors, as they directly affect their annual property tax bills, which can significantly influence their overall cost of homeownership. With the national median property tax rate at 0.99%, understanding local variations is crucial for financial planning.
Average Oklahoma County Tax Bill
$1,891
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Oklahoma County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arcadia | $1,055 | $2,479 | $4,635 | $8,160 | $11,632 |
| Bethany | $925 | $1,234 | $1,657 | $2,146 | $2,794 |
| Choctaw | $912 | $1,618 | $2,509 | $3,717 | $5,020 |
| County | $249 | $490 | $893 | $1,439 | $1,767 |
| Del City | $594 | $805 | $1,020 | $1,361 | $1,868 |
| Edmond | $1,672 | $2,281 | $3,183 | $4,529 | $6,434 |
| Harrah | $579 | $1,065 | $1,712 | $2,337 | $3,059 |
| Jones | $403 | $808 | $1,848 | $4,003 | $7,275 |
| Luther | $207 | $441 | $1,067 | $2,097 | $3,352 |
| Mcloud | $539 | $539 | $539 | $539 | $539 |
| Midwest City | $678 | $854 | $1,176 | $1,750 | $2,405 |
| Moore | $265 | $507 | $1,036 | $1,642 | $2,334 |
| Newalla | $457 | $915 | $2,335 | $3,366 | $4,254 |
| Nichols Hills | $4,188 | $6,251 | $10,881 | $18,179 | $25,681 |
| Nicoma Park | $490 | $749 | $1,076 | $1,717 | $2,433 |
| Norman | $184 | $299 | $492 | $685 | $801 |
| Oklahoma City | $542 | $884 | $1,504 | $2,415 | $3,689 |
| Piedmont | $2,683 | $3,007 | $3,892 | $5,665 | $6,016 |
| Smith Village | $487 | $641 | $730 | $875 | $1,136 |
| Spencer | $192 | $437 | $774 | $1,155 | $1,692 |
| Tinker Afb | N/A | N/A | N/A | N/A | N/A |
| Unincorporated | $165 | $558 | $1,172 | $2,941 | $4,048 |
| Warr Acres | $993 | $1,320 | $1,724 | $2,395 | $3,237 |
| Wellston | $2,299 | $2,692 | $3,347 | $3,575 | $3,712 |
| Wheatland | $624 | $1,289 | $1,799 | $2,349 | $2,694 |
| Yukon | $3,312 | $4,345 | $6,067 | $7,789 | $8,822 |
Source: Ownwell