2026 effective rate · 0.85% · below the US average (0.99%)
Oklahoma Property Tax Calculator
Estimate annual and monthly property tax in Oklahoma. The state's effective property tax rate is 0.85% (close to the national average, vs the US average of about 0.99%). On a $174,600 median-value home, that works out to about $1,470 per year or $124 per month.
Oklahoma median home property tax
$1,484 per year
$124 per month at the median home value of $174,600
Effective rate 0.85% times $174,600 = $1,484
Oklahoma property tax at common home values
| Home value | Annual property tax | Monthly | % of value |
|---|---|---|---|
| $150,000 | $1,275 | $106 | 0.85% |
| $174,600 (median) | $1,484 | $124 | 0.85% |
| $250,000 | $2,125 | $177 | 0.85% |
| $350,000 | $2,975 | $248 | 0.85% |
| $500,000 | $4,250 | $354 | 0.85% |
| $750,000 | $6,375 | $531 | 0.85% |
Uses Oklahoma's 2026 effective rate (0.85%). Actual taxes vary by county and exemptions. For full PITI mortgage estimate including taxes + insurance, use the Oklahoma mortgage calculator.
Oklahoma property tax overview
Oklahoma has below-average property tax rates. Senior valuation freeze available at age 65 for residents meeting income limits. Homestead exemption of $1,000.
Oklahoma's effective rate of 0.85% ranks close to the national average nationally. Median annual property tax: $1,470. Median home value: $174,600.
Oklahoma vs neighboring states
FAQs about Oklahoma property tax
What is the property tax rate in Oklahoma?
Oklahoma's effective property tax rate is 0.85% (close to the national average, vs national average of ~0.99%). On a $174,600 median-value home, that's about $1,470 per year, or roughly $124 per month added to your housing cost.
How is property tax calculated in Oklahoma?
Property tax = assessed value times the local mill rate (millage). The effective rate (0.85%) is what you actually pay as a percentage of market value, accounting for assessment ratios, exemptions, and millage. For a home valued at X, multiply X by 0.85% for an annual estimate.
When are property taxes due in Oklahoma?
Property tax due dates vary by county within Oklahoma. Most counties bill annually with either a single payment or two installments. Common payment deadlines fall in late summer (1st half) and late winter (2nd half). Check with your county tax assessor for exact dates and any escrow arrangements through your mortgage lender.
Does Oklahoma have a homestead exemption?
Oklahoma has below-average property tax rates. Senior valuation freeze available at age 65 for residents meeting income limits. Homestead exemption of $1,000.
How does Oklahoma property tax compare to neighboring states?
Oklahoma's 0.85% rate compares to: Kansas (1.31%), Missouri (0.88%), Arkansas (0.57%). Property tax burden can vary significantly between neighboring states — moving 30 miles across a state line can change your annual tax bill by thousands.
Can I appeal my property tax assessment in Oklahoma?
Yes. Every US state including Oklahoma provides a formal property tax appeal process. Steps: (1) request your property's assessment record from the county assessor, (2) gather comparable sales from your neighborhood, (3) file a formal appeal within the deadline (usually 30-60 days after assessment notice). Successful appeals typically save 5-15% on annual tax bills.
How can I lower my Oklahoma property taxes?
Common strategies: apply for homestead exemption (primary residence), senior or disabled exemptions if eligible, veteran's exemptions, and appeal over-assessment. Track your county's assessment notices carefully and verify the appraisal matches recent comparable home sales. Avoid major visible upgrades right before reassessment dates.