Holdenville, Oklahoma Property Taxes
The median property tax rate in Holdenville, OK is 0.88%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Holdenville at $94,390, the typical annual property tax bill is around $831, significantly below the national median of $2,690. Property taxes in Holdenville are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as those for primary residences and agricultural land. Understanding Holdenville'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 Holdenville 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
Holdenville, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$831
Ownwell’s Holdenville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Holdenville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Holdenville 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 Holdenville, Oklahoma
Property taxes in Holdenville, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Holdenville is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Holdenville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holdenville 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 Holdenville's effective property tax rate to other areas in Oklahoma and the national median. For comparison, the zip code 74848 has both the highest and lowest median property tax rate of 0.88%. Understanding how these areas compare with Holdenville provides valuable insights into the varying tax landscape across McIntosh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring regions.
Average Holdenville Tax Rate
0.88%
Average Mcintosh County Tax Rate
0.79%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Holdenville, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74848 | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Holdenville, Oklahoma
In Holdenville, Oklahoma, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 McIntosh 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 Holdenville, 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. The median home price in Holdenville is $94,390, with the highest and lowest median tax bills both standing at $831 in the 74848 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Holdenville Assessed Value
$94,390
Average Mcintosh County Assessed Value
$81,769
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Holdenville, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74848 | $94,390 | $94,390 | $94,390 | $94,390 | $94,390 |
Source: Ownwell
Property Tax Bills Across Holdenville, Oklahoma
In Holdenville, located in McIntosh County, OK, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, determined by the county assessor. Factors such as the property's location, size, and condition influence this valuation. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Holdenville, the median home price is $94,390. The property tax bill for homes at the 25th, 75th, and 90th percentiles all stand at $831, indicating a uniform tax rate across various home values. This rate is relatively lower than the national median property tax rate of 0.99%, making it more affordable for homeowners in this region. Understanding these factors can help homeowners anticipate their annual property tax obligations and manage their finances more effectively.
Average Holdenville Tax Bill
$831
Average Mcintosh County Tax Bill
$586
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Holdenville, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74848 | $831 | $831 | $831 | $831 | $831 |
Source: Ownwell