Norman, Cleveland County, Oklahoma Property Taxes

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

Median Norman, OK effective property tax rate: 1.17%, significantly higher than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Norman, OK home value: $196,546
Median annual Norman, OK tax bill: $2,148, $252 lower than the national median property tax bill of $2,400.

How are property taxes in Cleveland County calculated?

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

Last Updated March 1, 2025

Norman, Cleveland County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.17%

Estimate Property Tax Bill

$2,300

$2,134

Ownwell’s Norman Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Norman with just two data points. By entering your property's estimated assessed value, our calculator applies Norman’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 Cleveland County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Norman, Cleveland County, Oklahoma

Local government entities determine tax rates, which can vary significantly within a state. This is because each county annually estimates the budget needed for services and divides it by the total value of all taxable property within its area, resulting in the property tax rate. While votes and laws play roles in setting these rates and budgets, this is essentially the annual process. In Norman, located in Cleveland County, the effective property tax rate is 1.17%, which is above the national median of 1.02%. Within Cleveland County, the highest median tax rate is found in the 73071 zip code at 1.28%, while the lowest is in the 73072 zip code at 1.08%. These figures highlight the variability of property tax rates even within a single county. Compared to the national median property tax bill of $2,400, Norman's rates suggest a more significant financial commitment for homeowners. Understanding these rates can be crucial for property owners looking to manage their tax obligations effectively.

Property Tax Rates Across Norman, Cleveland County, Oklahoma

Source: Ownwell

0.79%

1.07%

1.35%

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 Norman Tax Rate

1.17%

Median Effective Cleveland County Tax Rate

1.13%

Median Effective Oklahoma Tax Rate

0.97%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Norman, Cleveland County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
73026	0.61%	0.86%	1.16%	1.30%	1.44%
73069	0.84%	0.97%	1.17%	1.39%	1.44%
73071	0.91%	1.09%	1.28%	1.44%	1.44%
73072	0.88%	0.97%	1.08%	1.24%	1.40%

Source: Ownwell

Property Tax Assessment Values Across Norman, Cleveland County, Oklahoma

When examining property taxes in Norman, Oklahoma, 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 Cleveland County Assessor's Office 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 Cleveland 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 Norman. For example, the median home price in Norman is $196,546, with tax bills ranging significantly across the county. Zip code 73072 has the highest median home price at $255,451.

Property Tax Assessment Values Across Norman, Cleveland County, Oklahoma

Source: Ownwell

$36,050

$223,817

$411,583

Median Norman Market Value

$196,546

Median Cleveland County Market Value

$197,572

Median Oklahoma Market Value

$137,280

Median United States Market Value

$235,294

Property Tax Assessment Values Across Norman, Cleveland County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
73026	$40,899	$84,412	$165,015	$277,610	$392,805
73069	$75,178	$115,867	$167,420	$239,582	$320,022
73071	$72,119	$104,245	$160,151	$225,460	$308,533
73072	$153,072	$204,513	$255,451	$346,711	$493,542

Source: Ownwell

Property Tax Bills Across Norman, Cleveland County, Oklahoma

In Norman, located in Cleveland County, Oklahoma, property tax bills are determined by the assessed value of a home and the local tax rate. The median home price in Norman is $196,546, which influences the assessed value and, consequently, the property tax bill. Factors such as location within the city can also impact the tax bill, with the highest median tax bill in zip code 73072 reaching $2,797, while the lowest in zip code 73026 is $1,687. Comparatively, these figures are below the national median property tax bill of $2,400, reflecting a more affordable tax landscape for Norman homeowners. However, tax bills can vary significantly, with the 25th percentile at $1,373 and the 90th percentile at $4,685. Homeowners can benefit from appealing their property tax assessments to ensure they are not overpaying. Ownwell offers expert property tax appeal services, helping homeowners navigate the complex tax system to potentially reduce their tax bills, ensuring they pay only their fair share.

Property Tax Bills Across Norman, Cleveland County, Oklahoma

Source: Ownwell

$470

$2,761

$5,052

Median Norman Tax Bill

$2,148

Median Cleveland County Tax Bill

$2,141

Median Oklahoma Tax Bill

$1,269

Median United States Tax Bill

$2,400

Property Tax Bills Across Norman, Cleveland County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
73026	$334	$810	$1,687	$3,154	$4,535
73069	$797	$1,244	$1,798	$2,763	$4,157
73071	$848	$1,262	$1,860	$2,710	$3,836
73072	$1,451	$2,055	$2,797	$3,994	$5,913

Source: Ownwell