73069 Property Tax Rate

Property owners in ZIP code 73069 (Norman, Oklahoma) pay a median of $2,198/year in property taxes on homes valued at $212,400. This translates to an effective tax rate of 1.03%, which is 56% above the Oklahoma state average of 0.66%.

The monthly property tax burden for a median-valued home in 73069 is approximately $183, which factors into escrow payments on mortgages. This ZIP code is located within Cleveland County. This is $1,206 more than the Oklahoma average of $992/year.

Compared to similar ZIP codes in Oklahoma, 73069 has higher property taxes. ZIP codes with similar effective rates include 73120 (1.03%) and 73127 (1.04%).

In Norman, property taxes represent approximately 3.9% of the median household income of $55,699, providing context for the relative tax burden on homeowners in this area.

Oklahoma assessments are not frozen at purchase price and do not reset on sale — the Cleveland County Assessor will appraise your property according to current market value and county policy. Cleveland County provides a Homestead Exemption and Senior Exemption programs; file applications with the Cleveland County Assessor's office to reduce your taxable base. Submit your exemption paperwork within 30 days of closing and request a property record review to ensure the assessed value matches similar homes in your area.