Moore, Oklahoma Property Taxes
The median property tax rate in Moore, OK is 1.09%, slightly above both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $183,648 in Moore, the typical annual property tax bill amounts to $1,974, which is below the national median of $2,690. Property taxes in Moore are calculated based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Moore'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 Moore or another part of Cleveland County, 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
1.09%
Estimate Property Tax Bill
$2,002
Ownwell’s Moore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate 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 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 Moore, Oklahoma
Property taxes in Moore, Oklahoma, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moore is 1.09%, higher 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 areas in Oklahoma and the national median. For comparison, the 73165 zip code has the highest median property tax rate of 1.13%, while the 73170 zip code has the lowest median tax rate of 1.05%. Understanding how these cities compare with Moore provides valuable insights into the varying tax landscape across Cleveland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moore Tax Rate
1.09%
Average Cleveland County Tax Rate
1.13%
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 | 0.87% | 0.98% | 1.09% | 1.24% | 1.40% |
| 73165 | 0.97% | 1.05% | 1.13% | 1.21% | 1.34% |
| 73170 | 0.87% | 0.93% | 1.05% | 1.18% | 1.35% |
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 Cleveland 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. For instance, the median home price in Moore is $183,648, with tax bills ranging from $1,478 at the 25th percentile to $3,551 at the 90th percentile. The highest median tax bill in the area is $4,500 in the 73165 zip code, while the lowest is $1,966 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
$183,648
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 Moore, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73160 | $119,554 | $143,582 | $182,592 | $232,149 | $292,459 |
| 73165 | $264,407 | $343,936 | $411,583 | $486,948 | $561,118 |
| 73170 | $161,318 | $173,445 | $186,690 | $226,760 | $257,636 |
Source: Ownwell
Property Tax Bills Across Moore, Oklahoma
In Moore, Cleveland County, OK, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. The tax rate, set by local taxing authorities, is then applied to the assessed value to determine the tax bill. Homeowners in Moore can expect varying property tax bills depending on several factors, including the market value of their home and the specific tax rate in their area. For example, the median home price in Moore is $183,648. The tax bill for homes in the 25th percentile is around $1,478, while those in the 75th percentile face bills closer to $2,680. At the 90th percentile, tax bills can reach approximately $3,551. Comparatively, the highest median tax bill in the area is $4,500 in the 73165 zip code, while the lowest is $1,966 in the 73160 zip code. These variations significantly impact homeowners' annual financial obligations.
Average Moore Tax Bill
$1,974
Average Cleveland County Tax Bill
$2,141
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 | $1,180 | $1,468 | $1,966 | $2,667 | $3,540 |
| 73165 | $2,975 | $3,632 | $4,500 | $5,590 | $7,180 |
| 73170 | $1,474 | $1,675 | $1,981 | $2,594 | $3,034 |
Source: Ownwell