Owasso, Tulsa County, Oklahoma Property Taxes

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Property Taxes in Owasso, Oklahoma

Median Owasso, Oklahoma effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, and lower than the Oklahoma state median of 0.90%.
Median Owasso, Oklahoma home value: $263,492
Median annual Owasso, Oklahoma tax bill: $2,158, $242 lower lower than the national median property tax bill of $2,400.

How are property taxes in Tulsa calculated?

Property taxes in Owasso, Oklahoma are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Owasso's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Owasso, knowing local tax details benefits homeowners and investors.

Last Updated April 13, 2026

Owasso, Tulsa County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.83%

Estimate Property Tax Bill

$2,187

$2,029

How Does the Owasso Property Tax Calculator Work?

Use this Owasso property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Owasso's median effective tax rate of 0.83% — based on actual property records in Tulsa County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Owasso's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within Owasso: rates range from 0.83% in 74055 to 0.83% in 74055, primarily due to differences in school district levies and local assessment districts.

For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Owasso.

About Owasso Property Taxes

About Property Taxes in Owasso, Tulsa, Oklahoma

Owasso’s median effective property tax rate of 0.83% is lower than the Oklahoma state median of 0.90% and lower than the national median of 1.02%. This rate reflects the Tulsa County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.

Property tax rates are not uniform across Owasso. Homeowners in the 74055 ZIP code carry a median effective rate of 0.83%, while those in 74055 pay 0.83%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Tulsa County. Understanding which part of Owasso you live in can make a meaningful difference to your annual tax bill.

Owasso homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the March 6, 2026 deadline each year.

If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across Owasso, Tulsa County, Oklahoma

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.

While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Owasso's effective property tax rate to other cities in Oklahoma and the median property tax rates in Oklahoma and the U.S.

Property Tax Rates Across Owasso, Tulsa County, Oklahoma

Source: Ownwell

0.77%

1.08%

1.40%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Owasso Tax Rate

0.83%

Median Effective Tulsa County Tax Rate

1.04%

Median Effective Oklahoma Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Owasso, Tulsa County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
74055	0.64%	0.74%	0.83%	0.98%	1.15%

Source: Ownwell

Property Tax Assessment Values Across Owasso, Tulsa County, Oklahoma

When examining property taxes in Owasso, Oklahoma, understanding the distinction between "market value" and "assessed value" is crucial.

The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Tulsa County appraisal district estimates the market value for tax purposes.

The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices:

In Tulsa County, assessment notices are sent in February each year. They'll typically reach your mailbox by the middle of February.

Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Owasso.

For example, the median home price in Owasso is $263,492, with tax bills ranging significantly across the county. 74055 has the highest median home price at $263,492.

Property Tax Assessment Values Across Owasso, Tulsa County, Oklahoma

Source: Ownwell

$20,477

$218,666

$416,854

Median Owasso Market Value

$263,492

Median Tulsa County Market Value

$200,476

Median Oklahoma Market Value

$160,842

Median United States Market Value

$235,294

Property Tax Assessment Values Across Owasso, Tulsa County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
74055	$151,357	$198,406	$263,492	$330,594	$405,600

Source: Ownwell

Property Tax Bills Across Owasso, Tulsa County, Oklahoma

Property tax bills in Owasso are based on the assessed value of a home, not its market price alone. Local taxing authorities apply tax rates to the assessed value, which helps determine the final bill homeowners receive each year. Factors such as the property’s location, any applicable exemptions, and changes in assessed value can all affect what is owed.

For many homeowners, the median property tax bill in Owasso is $2,158, which is below the national median property tax bill of $2,400. Bills can vary widely across the city, with the 25th percentile at $1,559 and the 75th percentile at $2,937. At the higher end, the 90th percentile reaches $3,761.

Because property taxes are tied to assessed value, even modest increases can raise a homeowner’s bill. Understanding how the tax bill is calculated can help homeowners better anticipate costs and see how their property tax burden compares within Tulsa County.

Property Tax Bills Across Owasso, Tulsa County, Oklahoma

Source: Ownwell

$143

$2,251

$4,359

Median Owasso Tax Bill

$2,158

Median Tulsa County Tax Bill

$1,970

Median Oklahoma Tax Bill

$1,339

Median United States Tax Bill

$2,400

Property Tax Bills Across Owasso, Tulsa County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
74055	$1,132	$1,559	$2,158	$2,937	$3,761

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	March 6

Links
Tulsa Tax Assessor
Website	assessor.tulsacounty.org

Frequently Asked Property Tax Questions in Owasso, Oklahoma

How are property taxes calculated in Owasso, Oklahoma?

Property taxes in Owasso, Oklahoma are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Owasso, Oklahoma?

To appeal your property taxes in Owasso, Oklahoma, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Owasso, Oklahoma?

Common property tax exemptions in Owasso, Oklahoma include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Owasso, Oklahoma?

Property tax deadlines in Owasso, Oklahoma vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Owasso, Oklahoma?

Ownwell provides professional property tax appeal services in Owasso, Oklahoma. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.