Harmon County, Oklahoma Property Taxes
Median Harmon County effective property tax rate: 1.09%, significantly higher than the national median of 1.02%.
Median Harmon County home value: $33,150
Median annual Harmon County tax bill: $322, $2,078 lower than the national median property tax bill of $2,400.
How are property taxes in Harmon County calculated?
Property taxes in Harmon County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Hollis or another part of Harmon County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Harmon County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.09%
Estimate Property Tax Bill
$361
$335
Property Tax Rates Across Harmon County, Oklahoma
Local government entities are responsible for setting tax rates, leading to significant variations within a state. Each year, counties estimate their required budget to provide essential services and then divide this by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. While the process involves votes and laws, this is essentially how annual property tax rates are established.
In Harmon County, Oklahoma, the effective property tax rate can be compared to other counties in the state or the national median property tax rate of 1.02%. Harmon County's rate is slightly above the national median, reflecting its unique budgetary needs and property values. Within Oklahoma, Mangum boasts the highest median tax rate at 1.19%, while Gould has the lowest at 0.90%. These variations highlight how different regions prioritize services and manage their budgets. Understanding these rates can help property owners make informed decisions about their investments and potential tax liabilities.
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 Harmon County 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 Oklahoma Tax Rate
0.97%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Harmon County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Eldorado | N/A | N/A | N/A | N/A | N/A |
| Gould | 0.40% | 0.59% | 0.90% | 1.16% | 1.19% |
| Hollis | 0.58% | 0.82% | 1.09% | 1.19% | 1.19% |
| Mangum | 1.10% | 1.14% | 1.19% | 1.33% | 1.33% |
| Vinson | 0.93% | 1.00% | 1.17% | 1.19% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Harmon County, Oklahoma
When examining property taxes in Harmon County, 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 Harmon County Assessor's Office 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.
Assessment notices: In Harmon County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Harmon County.
For example, the median tax bill in Harmon County is $292, with tax bills ranging significantly across the county. Mangum has the highest median home price at $74,226.
Median Harmon County Market Value
$33,150
Median Oklahoma Market Value
$137,280
Median United States Market Value
$235,294
Property Tax Assessment Values Across Harmon County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Eldorado | N/A | N/A | N/A | N/A | N/A |
| Gould | $5,967 | $19,258 | $45,229 | $80,342 | $124,595 |
| Hollis | $8,188 | $16,638 | $30,263 | $57,756 | $111,107 |
| Mangum | $21,289 | $37,404 | $74,226 | $100,202 | $136,016 |
| Vinson | $15,554 | $40,383 | $60,631 | $98,711 | $115,197 |
Source: Ownwell
Property Tax Bills Across Harmon County, Oklahoma
Median Harmon County Tax Bill
$322
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Harmon County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Eldorado | N/A | N/A | N/A | N/A | N/A |
| Gould | $63 | $109 | $292 | $637 | $1,306 |
| Hollis | $76 | $135 | $299 | $618 | $1,130 |
| Mangum | $253 | $461 | $932 | $1,145 | $1,638 |
| Vinson | $167 | $392 | $598 | $1,124 | $1,295 |
Source: Ownwell