Tahlequah, Oklahoma Property Taxes
The median property tax rate in Tahlequah, OK is 0.89%, slightly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Tahlequah at $103,689, the typical annual property tax bill is approximately $810, which is significantly below the national median of $2,690. Property taxes in Tahlequah are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Tahlequah's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Tahlequah or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tahlequah, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$923
Ownwell’s Tahlequah Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tahlequah with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tahlequah to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Tahlequah, Oklahoma
Property taxes in Tahlequah, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tahlequah is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Tahlequah set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tahlequah estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Tahlequah's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 74464 has both the highest and lowest median property tax rate of 0.89%. Understanding how these cities compare with Tahlequah provides valuable insights into the varying tax landscape across Cherokee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tahlequah Tax Rate
0.89%
Average Cherokee County Tax Rate
0.83%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tahlequah, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74464 | 0.43% | 0.67% | 0.89% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Tahlequah, Oklahoma
In Tahlequah, Oklahoma, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Cherokee County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Tahlequah, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Tahlequah helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Tahlequah is $103,689, with median tax bills ranging from $432 at the 25th percentile to $2019 at the 90th percentile. The zip code 74464 has the highest and lowest median tax bill, both at $810.
Average Tahlequah Assessed Value
$103,689
Average Cherokee County Assessed Value
$95,710
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tahlequah, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74464 | $36,249 | $65,419 | $103,689 | $156,692 | $215,199 |
Source: Ownwell
Property Tax Bills Across Tahlequah, Oklahoma
In Tahlequah, located in Cherokee County, OK, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the market value of the property. Homeowners in Tahlequah can expect their property tax bills to vary, with the 25th percentile at $432 and the 75th percentile reaching $1,363. The 90th percentile tax bill can go up to $2,019, indicating a significant range depending on property value and applicable exemptions. The median home price in Tahlequah is $103,689, which helps determine the baseline for tax calculations. Compared to the national median property tax rate of 0.99%, Tahlequah's property tax rates can be considered moderate. These tax bills play a crucial role in funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners in the community.
Average Tahlequah Tax Bill
$810
Average Cherokee County Tax Bill
$703
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Tahlequah, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74464 | $187 | $432 | $810 | $1,363 | $2,019 |
Source: Ownwell