Cleveland County, Oklahoma Property Taxes
The median property tax rate in Cleveland County is 1.13%, which is higher than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Cleveland County at $197,572, the typical annual property tax bill reaches $2,141, slightly below the national median of $2,690. Property taxes in Cleveland County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Cleveland County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Norman or another part of Cleveland County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cleveland County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$2,233
$2,072
Ownwell’s Cleveland County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Cleveland County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Cleveland County 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's 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 Cleveland County, Oklahoma
Property taxes in Cleveland County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Cleveland County is 1.13%, which is higher than the U.S. national median of 0.99%. Local government entities within Cleveland County set these rates annually, and they can vary significantly between different areas within the county. Each year, Cleveland 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 Cleveland County's effective property tax rate with other counties in Oklahoma and the national median. For comparison, the city of Norman has one of the higher property tax rates in Oklahoma at 1.17%, while the city of Wanette boasts one of the lowest at 0.79%. Analyzing how Cleveland County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Cleveland County Tax Rate
1.13%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cleveland County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Choctaw | 0.62% | 0.90% | 1.09% | 1.26% | 1.30% |
| Lexington | 0.39% | 0.61% | 0.83% | 1.03% | 1.25% |
| Macomb | 0.45% | 0.77% | 1.11% | 1.35% | 1.39% |
| Mcloud | 0.75% | 0.98% | 1.09% | 1.23% | 1.27% |
| Moore | 0.87% | 0.98% | 1.09% | 1.23% | 1.40% |
| Newalla | 0.73% | 0.98% | 1.16% | 1.28% | 1.35% |
| Noble | 0.50% | 0.71% | 0.91% | 1.16% | 1.33% |
| Norman | 0.85% | 0.99% | 1.17% | 1.36% | 1.44% |
| Oklahoma City | 0.92% | 1.03% | 1.15% | 1.29% | 1.43% |
| Slaughterville | N/A | N/A | N/A | N/A | N/A |
| Wanette | 0.36% | 0.43% | 0.79% | 0.98% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Cleveland County, Oklahoma
In Cleveland 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 Cleveland County 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 Cleveland 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. For instance, Oklahoma City has the highest median tax bill at $2,694, while Wanette has the lowest at $566. Being aware of these valuation processes in Cleveland County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Cleveland County, Oklahoma
Source: Ownwell
$36,050
$223,817
$411,583
Average Cleveland County Assessed Value
$197,572
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cleveland County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Choctaw | $57,581 | $85,643 | $163,071 | $272,627 | $470,150 |
| Lexington | $19,519 | $44,151 | $99,628 | $162,999 | $237,759 |
| Macomb | $7,459 | $15,448 | $79,105 | $105,713 | $208,030 |
| Mcloud | $40,016 | $72,380 | $125,597 | $232,860 | $314,297 |
| Moore | $120,204 | $145,007 | $183,648 | $232,960 | $293,878 |
| Newalla | $22,632 | $49,150 | $96,015 | $176,997 | $285,917 |
| Noble | $32,506 | $85,370 | $140,115 | $198,396 | $270,941 |
| Norman | $76,925 | $125,444 | $196,546 | $276,508 | $380,357 |
| Oklahoma City | $149,864 | $188,209 | $235,015 | $310,982 | $409,066 |
| Slaughterville | N/A | N/A | N/A | N/A | N/A |
| Wanette | $16,854 | $46,569 | $100,095 | $177,252 | $268,591 |
Source: Ownwell
Property Tax Bills Across Cleveland County, Oklahoma
Property tax bills in Cleveland County, Oklahoma, are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in this county is $197,572. The tax rate is applied to this assessed value to determine the tax bill. Several factors influence the final amount, including local tax rates, property exemptions, and any applicable deductions. For homeowners, this means that the amount they pay can vary widely. For instance, the 25th percentile tax bill in Cleveland County is $1,399, while the 75th percentile tax bill reaches $3,105. At the higher end, the 90th percentile tax bill is $4,434. Comparatively, Oklahoma City has the highest median tax bill at $2,694, whereas Wanette has the lowest at $566. These variations highlight the impact of location and property value on tax obligations. Understanding these factors can help homeowners better anticipate their annual property tax expenses.
Average Cleveland County Tax Bill
$2,141
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Cleveland County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Choctaw | $396 | $809 | $1,422 | $2,886 | $5,589 |
| Lexington | $111 | $294 | $718 | $1,368 | $2,206 |
| Macomb | $66 | $272 | $820 | $1,222 | $1,742 |
| Mcloud | $338 | $714 | $1,245 | $2,446 | $3,550 |
| Moore | $1,188 | $1,478 | $1,974 | $2,680 | $3,551 |
| Newalla | $192 | $473 | $1,017 | $1,921 | $3,184 |
| Noble | $206 | $614 | $1,192 | $2,079 | $2,809 |
| Norman | $847 | $1,373 | $2,148 | $3,205 | $4,685 |
| Oklahoma City | $1,504 | $1,999 | $2,694 | $3,756 | $5,098 |
| Slaughterville | N/A | N/A | N/A | N/A | N/A |
| Wanette | $120 | $320 | $566 | $1,110 | $1,783 |
Source: Ownwell