Oklahoma Property Tax Calculator 2026

Calculate property taxes in Oklahoma. The average effective property tax rate in OK is 0.78%, which is below the national average of 0.89%. Estimate your annual property tax bill.

By Konstantin Iakovlev · Updated October 19, 2026 · Methodology

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Annual Property Tax

$2,730.00

Monthly Equivalent

$227.50

Effective Rate

0.780%

Property Tax Breakdown

Assessed Value$350,000.00
Homestead Exemption$0.00
Taxable Value$350,000.00
Annual Tax$2,730.00
Monthly Equivalent$227.50

Disclaimer: This calculator is for informational purposes only and does not constitute tax, financial, or legal advice. Results are estimates based on the information you provide and current rates. Always consult a qualified tax professional or financial advisor for advice specific to your situation.

Oklahoma Property Tax Guide

Oklahoma is a comparatively light property-tax state. The average effective property tax rate is about 0.78% of a home's value, below the national average of roughly 0.9%. Property tax is entirely a local affair: county assessors set the value, local taxing units like school districts and municipalities set their millage rates, and county treasurers send the bills and collect the money. The state government does not levy a property tax of its own, which is one reason rates and bills vary so much from one county to the next.

Oklahoma assesses real property at a fraction of its fair cash value rather than at full market value, and the homestead exemption takes $1,000 off that assessed value for an owner-occupied primary residence. A head of household whose gross household income was $30,000 or less can claim a second $1,000 exemption at any age (68 O.S. § 2890), and owners 65 or older with income under their county's limit can freeze the home's valuation. A homestead's taxable value can rise no more than 3% a year, other property 5%. To estimate a bill from an assessed value, multiply the assessed value (after exemptions) by the combined local millage rate for your district; an effective rate near 0.78% of market value is a reasonable rule of thumb for a quick check.

Oklahoma Property Tax Details (2026)

Avg. Effective Property Tax Rate 0.78%
National Average 0.89%
vs. National Average 0.11 points below
Estate Tax None
State Sales Tax 4.5%
State Income Tax progressive (up to 4.5%)

Official Sources:

Oklahoma Property Tax FAQ

Who sets and collects property taxes in Oklahoma?
It is handled locally, not by the state. The county assessor determines each property's value, local taxing units such as school districts and cities set their millage rates, and the county treasurer issues bills and collects payment. Because rates are stacked by district, two homes of equal value in different counties can owe noticeably different amounts.
How do I estimate my Oklahoma property tax bill?
Start with the assessed value, which in Oklahoma is a set percentage of fair cash value, then subtract any homestead exemption you qualify for. Multiply the result by the combined millage rate for your taxing district. As a quick sanity check, the statewide average effective rate of about 0.78% of market value gives a ballpark figure before exemptions.
What is the homestead exemption and who qualifies?
The homestead exemption removes a fixed dollar amount from the assessed value of an owner-occupied primary residence, lowering the taxable base. You generally must own and live in the home as of the assessment date and file with your county assessor. A head of household with gross household income of $30,000 or less can claim an additional $1,000 exemption at any age, and owners 65 or older with income under their county's limit can freeze the home's assessed valuation.
Why is Oklahoma's property tax considered low?
At roughly 0.78% effective, Oklahoma's average rate sits below the national figure of about 0.9%, and the state assesses property at only a fraction of full market value before rates apply. Combined with homestead exemptions, that keeps typical bills modest compared with high-tax states. Local millage still determines the exact amount, so the savings vary by district.

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