Owasso, Tulsa County, Oklahoma Property Taxes

Name: Property Tax Bills Across Owasso, Tulsa County, Oklahoma
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Owasso, OK effective property tax rate: 1.13%, significantly higher than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Owasso, OK home value: $191,526
Median annual Owasso, OK tax bill: $2,114, $286 lower than the national median property tax bill of $2,400.

How are property taxes in Tulsa County calculated?

Property taxes in Owasso, OK 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 March 1, 2025

Owasso, Tulsa County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.13%

Estimate Property Tax Bill

$2,164

$2,008

Ownwell’s Owasso Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Owasso with just two data points. By entering your property's estimated assessed value, our calculator applies Owasso’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Tulsa County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Owasso, Tulsa County, Oklahoma

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. Owasso, located in Tulsa County, boasts a median property tax rate of 1.13%. This figure is slightly above the national median property tax rate of 1.02%, reflecting the region's emphasis on maintaining quality public services. Despite the higher rate, the property tax bill in Owasso remains competitive when compared to the national median property tax bill of $2400. This balance ensures that residents benefit from well-funded local services without an overwhelming tax burden. For homeowners in Owasso, understanding these tax dynamics is crucial for financial planning and maximizing potential savings through available exemptions and appeals.

Property Tax Rates Across Owasso, Tulsa County, Oklahoma

Source: Ownwell

0.90%

1.18%

1.47%

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

1.13%

Median Effective Tulsa County Tax Rate

1.31%

Median Effective Oklahoma Tax Rate

0.97%

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	0.94%	1.02%	1.13%	1.23%	1.25%

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 Assessor's Office 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.

In Tulsa County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 $191,526, with tax bills ranging significantly across the county. Zip code 74055 has the highest median home price at $191,526.

Property Tax Assessment Values Across Owasso, Tulsa County, Oklahoma

Source: Ownwell

$19,238

$162,439

$305,640

Median Owasso Market Value

$191,526

Median Tulsa County Market Value

$152,469

Median Oklahoma Market Value

$137,280

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	$100,149	$143,264	$191,526	$256,804	$320,275

Source: Ownwell

Property Tax Bills Across Owasso, Tulsa County, Oklahoma

In Owasso, located in Tulsa County, OK, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The median home price in Owasso is $191,526, which influences the overall tax bill. The property tax rate in Tulsa County is applied to this assessed value to calculate the amount homeowners owe. While the national median property tax bill sits at $2,400, Owasso's median tax bill is notably lower at $2,114. However, homeowners in the 90th percentile can see tax bills as high as $3,621, indicating a significant range based on property value and other factors.

Factors such as local government budgets and school funding needs also play a role in determining property tax rates. For homeowners in Owasso, these taxes can be a substantial financial burden. Ownwell offers a solution by providing property tax appeal services, helping homeowners potentially reduce their tax bills. By analyzing property assessments and market conditions, Ownwell identifies opportunities for savings, ensuring homeowners pay only their fair share.

Property Tax Bills Across Owasso, Tulsa County, Oklahoma

Source: Ownwell

$160

$2,207

$4,253

Median Owasso Tax Bill

$2,114

Median Tulsa County Tax Bill

$1,876

Median Oklahoma Tax Bill

$1,269

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	$1,150	$1,554	$2,114	$2,867	$3,621

Source: Ownwell

Don't miss the deadline to appeal!

Dates

Links
Tulsa Tax Assessor
Website	assessor.tulsacounty.org