Estimate your Oklahoma property tax based on the state's 0.87% average effective rate. Enter your home value for an instant, free calculation.
Enter any tax exemption amount you qualify for in Oklahoma
Oklahoma has a relatively low effective property tax rate of 0.87%, ranking 27th nationally. The state limits assessment increases and has a low overall tax burden compared to most states.
Oklahoma assesses residential property at 11% of fair cash value. Annual increases in assessed value are capped at 5% for homestead properties. The relatively low assessment ratio combined with the 5% cap limits tax growth significantly.
| Home Value | Estimated Annual Tax | Monthly (Escrow) |
|---|---|---|
| $250,000 | $2,175 | $181/mo |
| $193,200 (median) | $1,681 | $140/mo |
| $600,000 | $5,220 | $435/mo |
Oklahoma's homestead exemption reduces the assessed value by $1,000 for owner-occupied primary residences ($200 tax saving at typical rates). Additional exemptions exist for seniors 65+ earning under $25,000, disabled veterans, and double amputees.
Oklahoma property taxes are due December 31 in full, or two installments due December 31 and March 31.
Oklahoma County (Oklahoma City) and Tulsa County have the highest rates and values. Oklahoma's overall low tax burden makes it competitive for businesses and retirees on fixed incomes.