Moore, Oklahoma Property Taxes
The median property tax rate in Moore, OK is 0.61%, significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Moore, the typical annual property tax bill is $139, which is well below the national median of $2,690. Property taxes in Moore are calculated based on the assessed value, which usually falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Moore's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Moore or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Moore, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$138
Ownwell’s Moore Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Moore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moore to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, making it easier to plan your finances. For those interested in neighborhood-level trends, scroll down to discover more localized information. Your property’s assessed value is determined by the county for property tax calculations, factoring in any applicable exemptions.
Property Tax Rates Across Moore, Oklahoma
Property taxes in Moore, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moore is 0.61%, lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Moore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moore 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 Moore's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 73160 zip code has the highest median property tax rate of 0.61%, while the same zip code also has the lowest median tax rate of 0.61%. Understanding how these cities compare with Moore 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 areas.
Average Moore Tax Rate
0.61%
Average Mcintosh County Tax Rate
0.79%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moore, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73160 | 0.61% | 0.61% | 0.61% | 0.62% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Moore, Oklahoma
In Moore, 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 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 Moore, 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. The median home price in Moore is $22,671, with tax bills ranging from $130 at the 25th percentile to $153 at the 90th percentile. The highest and lowest median tax bills are both $139 in the 73160 zip code. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Moore Assessed Value
$22,671
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 Moore, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73160 | $20,138 | $21,088 | $22,671 | $24,254 | $25,204 |
Source: Ownwell
Property Tax Bills Across Moore, Oklahoma
In Moore, located in McIntosh County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Moore is $22,671. Once the home’s assessed value is determined, the local tax rate is applied to calculate the annual property tax bill. In Moore, the median property tax bill is $139, which is significantly lower than the national median property tax rate of 0.99%. Several factors influence the tax bill, including property size, location, and any applicable exemptions. For example, the tax bill at the 25th percentile is $130, while at the 75th percentile, it rises to $148, and at the 90th percentile, it reaches $153. These variations are due to differences in property values and assessments within the city. Homeowners in Moore benefit from relatively low property taxes, which can make homeownership more affordable compared to other regions across the country.
Average Moore Tax Bill
$139
Average Mcintosh County Tax Bill
$586
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Moore, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73160 | $125 | $130 | $139 | $148 | $153 |
Source: Ownwell