Coal County, Oklahoma Property Taxes
The median property tax rate in Coal County is 0.60%, which is significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $69,824, the typical annual property tax bill in Coal County amounts to $407, well below the national median of $2,690. Property taxes in Coal County are calculated based on the tax assessed value, which is generally lower than the actual market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Coal County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you reside in a city like Coalgate or another part of Coal County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Coal County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$419
$389
Ownwell’s Coal County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Coal County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Coal 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 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 Coal County, Oklahoma
Property taxes in Coal County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Coal County is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Coal County set these rates annually, and they can vary significantly between different areas within the county. Each year, Coal 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 Coal County's effective property tax rate with other counties in Oklahoma and the national median. For comparison, the city of Atoka has one of the higher property tax rates in Oklahoma at 0.77%, while the city of Allen boasts one of the lowest at 0.50%. Analyzing how Coal County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Coal County Tax Rate
0.60%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coal County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allen | 0.28% | 0.36% | 0.50% | 0.76% | 0.82% |
| Atoka | 0.57% | 0.67% | 0.77% | 0.89% | 0.95% |
| Calvin | N/A | N/A | N/A | N/A | N/A |
| Centrahoma | 0.32% | 0.41% | 0.60% | 0.77% | 0.92% |
| Coalgate | 0.30% | 0.43% | 0.59% | 0.78% | 0.94% |
| Lehigh | 0.21% | 0.37% | 0.52% | 0.73% | 0.85% |
| Stonewall | 0.31% | 0.53% | 0.75% | 0.90% | 0.97% |
| Tupelo | 0.24% | 0.44% | 0.64% | 0.90% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Coal County, Oklahoma
In Coal 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 Coal 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 Coal 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 Coal County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. The highest median tax bill in the county is $697 in Stonewall, while the lowest is $261 in Tupelo.
Average Coal County Assessed Value
$69,824
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coal County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allen | $46,566 | $66,646 | $125,256 | $166,031 | $217,716 |
| Atoka | $13,209 | $25,442 | $42,769 | $58,033 | $91,482 |
| Calvin | N/A | N/A | N/A | N/A | N/A |
| Centrahoma | $18,036 | $42,946 | $74,928 | $134,929 | $236,083 |
| Coalgate | $24,467 | $42,013 | $72,140 | $125,002 | $194,844 |
| Lehigh | $18,926 | $30,582 | $50,684 | $90,380 | $140,651 |
| Stonewall | $38,629 | $59,214 | $107,984 | $182,764 | $260,305 |
| Tupelo | $11,568 | $22,678 | $44,711 | $98,120 | $166,130 |
Source: Ownwell
Property Tax Bills Across Coal County, Oklahoma
In Coal County, OK, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The local tax rate is applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $69,824, homeowners can expect varying tax bills. The 25th percentile tax bill is around $192, while the 75th percentile reaches up to $778, and the 90th percentile can be as high as $1,460. Several factors influence these tax bills, including property location, market trends, and any applicable exemptions. For example, Stonewall has the highest median tax bill at $697, whereas Tupelo has the lowest at $261. Compared to the national median property tax rate of 0.99%, Coal County's rates can be seen as relatively moderate. These property taxes fund essential local services, impacting homeowners by contributing to community infrastructure, schools, and emergency services. Understanding these factors helps homeowners anticipate their financial responsibilities.
Average Coal County Tax Bill
$407
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Coal County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allen | $194 | $311 | $423 | $739 | $1,203 |
| Atoka | $118 | $139 | $307 | $391 | $746 |
| Calvin | N/A | N/A | N/A | N/A | N/A |
| Centrahoma | $92 | $205 | $420 | $800 | $1,884 |
| Coalgate | $112 | $210 | $418 | $770 | $1,414 |
| Lehigh | $62 | $132 | $300 | $575 | $1,081 |
| Stonewall | $142 | $388 | $697 | $1,313 | $2,456 |
| Tupelo | $57 | $106 | $261 | $636 | $1,234 |
Source: Ownwell