Oklahoma variant. This is a Oklahoma-specific version of the Property Tax Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Property Tax Calculator.
Oklahoma's effective property tax rate of 0.89% means the owner of a median $215,000 home pays roughly $1,914 per year - a figure that varies widely by state.
How Oklahoma property tax is calculated
Property tax = assessed value × local millage rate. The 0.89% effective rate shown here is the statewide average of tax paid relative to market value, which smooths over county-by-county differences.
On the $215,000 Oklahoma median home, that works out to about $1,914/year or $159/month - often escrowed into your mortgage payment.
About taxes and housing in Oklahoma
Oklahoma uses a graduated income tax with a top marginal rate around 4.75%.
Oklahoma has a moderate effective property tax rate near 0.89%, with some of the lowest median home values in the country around $215,000.
Oklahoma's economy relies heavily on oil and gas, agriculture, and aerospace.
Worked example: tax on a $215,000 home
$215,000 × 0.89% = $1,914 per year. A $500,000 home in Oklahoma would owe about $4,450 annually at the same effective rate.
Quick reference
- State income tax: 0.25-4.75% across 6 brackets
- State sales tax: 4.5% (plus 4.49% avg local)
- Median home value: $215,000
- Median household income: $61,364
- Effective property tax rate: 0.89%
- Avg auto insurance: $2,014/yr
Frequently Asked Questions
What is the property tax rate in Oklahoma?
Oklahoma's effective property tax rate averages 0.89% of market value per year.
How much property tax on a $215,000 home in Oklahoma?
About $1,914 per year at the 0.89% effective rate.