Oklahoma City, Canadian County, Oklahoma Property Taxes

Name: Property Tax Bills Across Oklahoma City, Canadian County, Oklahoma
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median OKLAHOMA CITY, OK effective property tax rate: 1.08%, slightly higher than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median OKLAHOMA CITY, OK home value: $272,846
Median annual OKLAHOMA CITY, OK tax bill: $2,886, $486 higher than the national median property tax bill of $2,400.

How are property taxes in Canadian County calculated?

Property taxes in OKLAHOMA CITY, OK are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding OKLAHOMA CITY’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in OKLAHOMA CITY, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Oklahoma City, Canadian County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.08%

Estimate Property Tax Bill

$2,947

$2,734

Ownwell’s Oklahoma City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Oklahoma City with just two data points.

By entering your property's estimated assessed value, our calculator applies Oklahoma City’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Canadian County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Oklahoma City, Canadian County, Oklahoma

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county's annual process of estimating the required budget to provide services and dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the process followed every year.

In Oklahoma City within Canadian County, the effective property tax rate is a topic of interest for homeowners. Compared to other cities in Oklahoma, Oklahoma City's tax rate is slightly above the state median but still competitive when viewed against the national landscape. The median property tax rate in Oklahoma stands at 1.08%, slightly above the national median of 1.02%. Within Oklahoma City, the highest median tax rate can be found in the 73127 zip code at 1.12%, while the lowest is in the 73128 zip code at 1.07%. These figures provide a snapshot of the property tax landscape, offering a perspective on where Oklahoma City stands in the broader context.

Property Tax Rates Across Oklahoma City, Canadian County, Oklahoma

Source: Ownwell

0.59%

0.86%

1.12%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Oklahoma City Tax Rate

1.08%

Median Effective Canadian County Tax Rate

1.01%

Median Effective Oklahoma Tax Rate

0.97%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Oklahoma City, Canadian County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
73127	0.89%	1.01%	1.12%	1.38%	1.44%
73128	0.93%	1.01%	1.07%	1.14%	1.20%
73179	0.91%	1.01%	1.08%	1.17%	1.36%
73173	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Oklahoma City, Canadian County, Oklahoma

When examining property taxes in Oklahoma City, OK, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Canadian County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Canadian County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Oklahoma City. For example, the median home price in Oklahoma City is $272,846, with tax bills ranging significantly across the county. Zip code 73179 has the highest median home price at $318,662.

Property Tax Assessment Values Across Oklahoma City, Canadian County, Oklahoma

Source: Ownwell

$42,891

$180,777

$318,662

Median Oklahoma City Market Value

$272,846

Median Canadian County Market Value

$228,594

Median Oklahoma Market Value

$137,280

Median United States Market Value

$235,294

Property Tax Assessment Values Across Oklahoma City, Canadian County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
73127	$163,106	$179,561	$205,946	$236,346	$287,370
73128	$165,954	$191,766	$239,842	$351,210	$411,688
73179	$200,093	$230,522	$318,662	$436,165	$505,209
73173	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Oklahoma City, Canadian County, Oklahoma

In Oklahoma City, located in Canadian County, property tax bills are calculated based on the assessed value of the home, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property location, size, and market conditions can influence the assessed value, impacting the final tax bill for homeowners. For example, the median home price in Oklahoma City is $272,846, with tax bills ranging from $2,164 at the 25th percentile to $4,969 at the 90th percentile. The national median property tax bill is $2,400, indicating that many homeowners in Oklahoma City may pay more than the national average. Ownwell offers services to help homeowners reduce their property tax bills by identifying potential discrepancies in assessed values and assisting with appeals. By leveraging expert knowledge and local market data, Ownwell can effectively challenge over-assessments, potentially saving homeowners a significant amount on their annual property taxes.

Property Tax Bills Across Oklahoma City, Canadian County, Oklahoma

Source: Ownwell

$350

$1,832

$3,314

Median Oklahoma City Tax Bill

$2,886

Median Canadian County Tax Bill

$2,244

Median Oklahoma Tax Bill

$1,269

Median United States Tax Bill

$2,400

Property Tax Bills Across Oklahoma City, Canadian County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
73127	$1,409	$2,042	$2,386	$2,839	$3,286
73128	$1,822	$2,099	$2,592	$3,632	$4,224
73179	$568	$2,443	$3,314	$4,548	$5,522
73173	N/A	N/A	N/A	N/A	N/A

Source: Ownwell