Okfuskee County Property Taxes
The median property tax rate in Okfuskee County is 0.70%, which is notably lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Okfuskee County, the typical annual property tax bill amounts to $424, far below the national median of $2,690. Property taxes in Okfuskee County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions such as those for primary residences and agricultural land. Understanding Okfuskee County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to significant annual savings. Whether you reside in Okemah or another part of Okfuskee County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Okfuskee County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$458
-$4,795
Ownwell’s Okfuskee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Okfuskee with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Okfuskee to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Okfuskee County, Oklahoma
Property taxes in Okfuskee County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Okfuskee County is 0.70%, which is lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Okfuskee County set these rates annually, and they can vary significantly between different areas within the county. Each year, Okfuskee County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Okfuskee County's effective property tax rate with other counties in Oklahoma and the national median. For comparison, the city of Boley has one of the higher property tax rates in Oklahoma at 0.99%, while the city of Dustin boasts one of the lowest at 0.53%. Analyzing how Okfuskee County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Okfuskee County Tax Rate
0.70%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Okfuskee County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Boley | 0.60% | 0.84% | 0.99% | 1.03% | 1.03% |
| Bristow | 0.59% | 0.70% | 0.76% | 0.76% | 0.79% |
| Castle | 0.37% | 0.53% | 0.67% | 0.82% | 0.89% |
| Dustin | 0.34% | 0.39% | 0.53% | 0.61% | 0.71% |
| Henryetta | 0.19% | 0.44% | 0.55% | 0.64% | 0.76% |
| Okemah | 0.37% | 0.51% | 0.66% | 0.83% | 0.99% |
| Paden | 0.63% | 0.75% | 0.86% | 0.92% | 0.92% |
| Pharoah | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% |
| Prague | 0.82% | 0.82% | 0.82% | 0.82% | 0.82% |
| Stroud | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% |
| Weleetka | 0.24% | 0.40% | 0.56% | 0.76% | 0.92% |
| Welty | 0.43% | 0.55% | 0.75% | 0.92% | 0.99% |
| Wetumka | 0.32% | 0.44% | 0.56% | 0.66% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Okfuskee County, Oklahoma
In Okfuskee County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Okfuskee Appraisal District. The assessed value, however, 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. Assessment notices in Okfuskee County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Okfuskee County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Okfuskee County, the city with the highest median tax bill is Prague, with homeowners paying an average of $676 annually. On the other hand, Welty has the lowest median tax bill, averaging $276 per year.
Property Tax Assessment Values Across Okfuskee County, Oklahoma
Source: Ownwell
$32,455
$67,264
$102,073
Average Okfuskee County Assessed Value
$65,362
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Okfuskee County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Boley | $16,149 | $26,544 | $42,403 | $78,050 | $128,002 |
| Bristow | $38,699 | $42,039 | $62,370 | $81,368 | $124,773 |
| Castle | $30,609 | $45,925 | $75,614 | $128,698 | $192,475 |
| Dustin | $42,984 | $72,340 | $102,073 | $144,778 | $270,703 |
| Henryetta | $31,892 | $44,120 | $86,151 | $116,484 | $241,373 |
| Okemah | $21,612 | $36,440 | $69,094 | $119,718 | $200,274 |
| Paden | $21,608 | $33,751 | $56,796 | $94,334 | $157,037 |
| Pharoah | $32,455 | $32,455 | $32,455 | $32,455 | $32,455 |
| Prague | $82,556 | $82,556 | $82,556 | $82,556 | $82,556 |
| Stroud | $71,292 | $71,292 | $71,292 | $71,292 | $71,292 |
| Weleetka | $23,017 | $34,744 | $63,546 | $109,660 | $169,645 |
| Welty | $31,966 | $42,592 | $51,950 | $66,587 | $86,715 |
| Wetumka | $25,388 | $55,615 | $89,839 | $158,962 | $241,881 |
Source: Ownwell
Property Tax Bills Across Okfuskee County, Oklahoma
In Okfuskee County, OK, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. This assessed value is a percentage of the market value of the property. Homeowners in Okfuskee County experience varying tax bills depending on several factors, including the property's location and its assessed value. For instance, the median home price in the county is $65,362. The tax bill can range significantly, with the 25th percentile at $235 and the 75th percentile at $795. The highest median tax bill in the county is found in Prague at $676, while Welty boasts the lowest at $276. These figures are well below the national median property tax rate of 0.99%, making Okfuskee County an attractive option for homeowners seeking lower property tax burdens. Ultimately, understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Okfuskee County Tax Bill
$424
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Okfuskee County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Boley | $108 | $216 | $399 | $739 | $1,207 |
| Bristow | $245 | $298 | $473 | $635 | $1,108 |
| Castle | $146 | $266 | $494 | $846 | $1,352 |
| Dustin | $182 | $303 | $512 | $878 | $1,173 |
| Henryetta | $160 | $196 | $356 | $795 | $1,640 |
| Okemah | $130 | $243 | $439 | $830 | $1,449 |
| Paden | $160 | $269 | $463 | $816 | $1,389 |
| Pharoah | $280 | $280 | $280 | $280 | $280 |
| Prague | $676 | $676 | $676 | $676 | $676 |
| Stroud | $572 | $572 | $572 | $572 | $572 |
| Weleetka | $94 | $192 | $344 | $627 | $1,137 |
| Welty | $216 | $242 | $276 | $443 | $710 |
| Wetumka | $168 | $270 | $459 | $788 | $1,450 |
Source: Ownwell