Oklahoma Property Taxes

Editor’s Note: In this post, we’ll cover all things Oklahoma property taxes, including who owes, how to pay, how much to pay, and when to pay!

How Do Oklahoma Property Taxes Work?

In Oklahoma (OK), property taxes are based on the value of your property. Unlike other types of state taxes like sales or income tax, property taxes are administered at a local level.

This means, your county officials will value your property, set your tax rates, and collect taxes. (The Oklahoma Constitution is the overall authorizing body for OK property tax.)

Here is additional information from the state of Oklahoma:

“The county assessor uses mass appraisal to appraise large numbers of properties. In a mass appraisal, the assessor first collects detailed descriptions of each taxable property in the district. Then property is classified according to a variety of factors, such as size, quality, use, and construction type. Using data from recent property sales, the assessor appraises the value of typical properties in each class. Taking into account differences such as age or location, the assessor uses the typical property values to appraise all the properties in the class.

For individual properties, the assessor may use three common methods to value property: market, income and cost approach. The market approach is most often used and simply asks, “What are properties similar to this property selling for?” The value of your home is an estimate of the price your home would sell for. The assessor compares your home to similar homes that have sold recently and determines your home’s value.”

What Type of Property Does Oklahoma Tax?

Similar to many other states, Oklahoma requires property owners to distinguish between real property, land and buildings, and personal property when reporting property owned to your county assessor’s office. Oklahoma taxes property used for the purposes of:

• Agriculture
• Commerce/Industry
• Residence

How Do You Pay?

Oklahoma property taxes should be paid to the county, not the Oklahoma state revenue department. View each county’s website for methods to pay your Oklahoma property taxes.

When Are They Due?

The property tax deadline in Oklahoma is December 31. Taxes are considered delinquent on or after January 1. Penalty and interest charges are added to the original amount.

What Are OK Property Taxes Used For?

The OK property tax provides more tax dollars for local services including public education, streets and roads, police and first responders, fire protection, and many other essential services.

Where Can You Go For More Information?

View more information on Oklahoma Property Taxes- Taxpayer Rights, Remedies, and Responsibilities.

More Tax Help

If you’re looking for more state of Oklahoma tax help, look no further than H&R Block Virtual. We’ll pair you with a tax pro with state-specific expertise. You can have your taxes done by a real tax pro without visiting an office.

Prefer a different way to file? No problem – you can find Oklahoma state tax expertise with all of our ways to file taxes.