Broken Arrow, Wagoner County, Oklahoma Property Taxes

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

Median Broken Arrow, OK effective property tax rate: 0.94%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Broken Arrow, OK home value: $251,176
Median annual Broken Arrow, OK tax bill: $2,308, $92 lower than the national median property tax bill of $2,400.

How are property taxes in Wagoner calculated?

Property taxes in Broken Arrow, 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 Broken Arrow’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Broken Arrow, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Broken Arrow, Wagoner County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.94%

Estimate Property Tax Bill

$2,361

$2,191

Ownwell’s Broken Arrow Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Broken Arrow with just two data points.

By entering your property's estimated assessed value, our calculator applies Broken Arrow’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 Wagoner County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Broken Arrow, Wagoner County, Oklahoma

Local government entities in Oklahoma, like elsewhere, set property tax rates, resulting in significant variations across the state. This is due to each county estimating its necessary budget for services and dividing it by the total value of all taxable property to determine the tax rate. This annual process involves votes and laws to finalize tax rates and budgets. In Broken Arrow, situated in Wagoner County, the effective property tax rate is 0.94%, aligning with the county's median rate. This rate is slightly below the national median property tax rate of 1.02%. While Broken Arrow's rate is consistent within its zip code, it's crucial to compare it with other cities in Oklahoma and nationwide to understand the broader tax landscape. Considering the national median property tax bill of $2,400, residents in Broken Arrow might find their local tax obligations relatively favorable. Understanding these nuances can help property owners make informed decisions and potentially seek tax appeal or exemption services to optimize their financial obligations.

Property Tax Rates Across Broken Arrow, Wagoner County, Oklahoma

Source: Ownwell

0.50%

0.76%

1.03%

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 Broken Arrow Tax Rate

0.94%

Median Effective Wagoner County Tax Rate

0.86%

Median Effective Oklahoma Tax Rate

0.97%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Broken Arrow, Wagoner County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
74014	0.64%	0.80%	0.94%	1.07%	1.18%
74011	N/A	N/A	N/A	N/A	N/A
74012	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Broken Arrow, Wagoner County, Oklahoma

When examining property taxes in Broken Arrow, OK, 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 Wagoner 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.

In Wagoner 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 Broken Arrow. For example, the median home price in Broken Arrow is $251,176, with tax bills ranging significantly across the county. Zip code 74014 has the highest median home price at $251,171.

Property Tax Assessment Values Across Broken Arrow, Wagoner County, Oklahoma

Source: Ownwell

$20,490

$136,441

$252,392

Median Broken Arrow Market Value

$251,176

Median Wagoner County Market Value

$214,676

Median Oklahoma Market Value

$137,280

Median United States Market Value

$235,294

Property Tax Assessment Values Across Broken Arrow, Wagoner County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
74014	$79,746	$205,039	$251,171	$314,665	$420,309
74011	N/A	N/A	N/A	N/A	N/A
74012	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Broken Arrow, Wagoner County, Oklahoma

In Broken Arrow, Wagoner County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The tax rate is then applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the local tax rate and any applicable exemptions. Homeowners in Broken Arrow typically pay a median property tax bill of $2,308, which is below the national median of $2,400. However, bills can vary significantly, with those in the 25th percentile paying around $1,687 and those in the 90th percentile paying up to $4,267. This variation can impact homeowners' finances, making it essential to ensure that their property is not over-assessed. Ownwell assists homeowners by providing property tax appeal services, potentially lowering their tax bills. By analyzing local market trends and property assessments, Ownwell helps identify discrepancies and advocates for fair taxation, ensuring homeowners pay only their fair share.

Property Tax Bills Across Broken Arrow, Wagoner County, Oklahoma

Source: Ownwell

$143

$1,302

$2,461

Median Broken Arrow Tax Bill

$2,308

Median Wagoner County Tax Bill

$1,718

Median Oklahoma Tax Bill

$1,269

Median United States Tax Bill

$2,400

Property Tax Bills Across Broken Arrow, Wagoner County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
74014	$707	$1,687	$2,308	$3,061	$4,267
74011	N/A	N/A	N/A	N/A	N/A
74012	N/A	N/A	N/A	N/A	N/A

Source: Ownwell