Choctaw, Cleveland County, Oklahoma Property Taxes
Median Choctaw, OK effective property tax rate: 1.09%, slightly higher than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Choctaw, OK home value: $163,071
Median annual Choctaw, OK tax bill: $1,422, $978 lower than the national median property tax bill of $2,400.
How are property taxes in Cleveland County calculated?
Property taxes in Choctaw, OK are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Choctaw’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Choctaw, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Choctaw, Cleveland County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.09%
Estimate Property Tax Bill
$1,777
$1,649
Property Tax Rates Across Choctaw, Cleveland County, Oklahoma
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Choctaw’s effective property tax rate to other cities in Oklahoma and the median property tax rates in Oklahoma and the U.S.
In Choctaw, located in Cleveland County, the median property tax rate is 1.09%. This rate is slightly above the national median property tax rate of 1.02%. Despite being higher than the national average, Choctaw's property tax rate reflects the local government's efforts to balance service provision with tax revenue. Understanding these rates can help property owners make informed decisions about their investments. Comparing Choctaw's rate to other cities in Oklahoma provides valuable insights into the local property tax landscape, enabling property owners to navigate their tax responsibilities effectively.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Choctaw Tax Rate
1.09%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Cleveland County Tax Rate
1.13%
Median Effective Oklahoma Tax Rate
0.97%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Choctaw, Cleveland County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73020 | 0.62% | 0.90% | 1.09% | 1.26% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Choctaw, Cleveland County, Oklahoma
When examining property taxes in Choctaw, Oklahoma, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Cleveland County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Cleveland County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Choctaw. For example, the median home price in Choctaw is $163,071, with tax bills ranging significantly across the county. Zip code 73020 has the highest median home price at $163,071.
Property Tax Assessment Values Across Choctaw, Cleveland County, Oklahoma
Source: Ownwell
$36,050
$223,817
$411,583
Median Choctaw Market Value
$163,071
Median Cleveland County Market Value
$197,572
Median Oklahoma Market Value
$137,280
Median United States Market Value
$235,294
Property Tax Assessment Values Across Choctaw, Cleveland County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73020 | $57,581 | $85,643 | $163,071 | $272,627 | $470,150 |
Source: Ownwell
Property Tax Bills Across Choctaw, Cleveland County, Oklahoma
In Choctaw, located in Cleveland County, Oklahoma, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For homeowners in Choctaw, the median home price is $163,071. Tax bills can vary significantly, with the 25th percentile at $809 and the 75th percentile reaching $2,886. While the highest median tax bill is $1,422, it remains below the national median property tax bill of $2,400, offering some relief to homeowners.
Several factors influence property tax bills, including changes in property value, local government budgets, and applicable exemptions. These taxes can significantly impact homeowners, as they are a recurring expense that must be budgeted for annually. Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By reviewing property assessments and identifying potential savings, Ownwell helps reduce tax liabilities, ensuring homeowners pay only their fair share.
Median Choctaw Tax Bill
$1,422
Median Cleveland County Tax Bill
$2,141
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Choctaw, Cleveland County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73020 | $396 | $809 | $1,422 | $2,886 | $5,589 |
Source: Ownwell