Hulbert, Oklahoma Property Taxes
The median property tax rate in Hulbert, OK is 0.35%, significantly lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $197,237 in Hulbert, the typical annual property tax bill is about $685, well below the national median of $2,690. Property taxes in Hulbert are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Hulbert'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 Hulbert or another part of Mayes County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hulbert, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$690
Ownwell’s Hulbert Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Hulbert with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hulbert 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 Hulbert, Oklahoma
Property taxes in Hulbert, Oklahoma, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Hulbert is 0.35%, significantly lower than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Hulbert set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hulbert 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 Hulbert's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the highest median property tax rate in Oklahoma is found in zip code 73120 with a rate of 1.25%, while the lowest median tax rate is in zip code 73008 at 0.25%. Understanding how these cities compare with Hulbert provides valuable insights into the varying tax landscape across Mayes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hulbert Tax Rate
0.35%
Average Mayes County Tax Rate
0.66%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hulbert, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74441 | 0.35% | 0.35% | 0.35% | 0.35% | 0.35% |
Source: Ownwell
Property Tax Assessment Values Across Hulbert, Oklahoma
In Hulbert, 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 local appraisal district 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 Hulbert, 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. By understanding the distinction between 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 in Hulbert helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $685, found in the 74441 zip code.
Average Hulbert Assessed Value
$197,237
Average Mayes County Assessed Value
$160,424
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hulbert, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74441 | $197,237 | $197,237 | $197,237 | $197,237 | $197,237 |
Source: Ownwell
Property Tax Bills Across Hulbert, Oklahoma
In Hulbert, located in Mayes County, OK, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Hulbert is $197,237. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For Hulbert, the median tax bill is $685, which remains consistent across various percentiles, including the 25th, 75th, and 90th. This uniformity indicates a stable tax environment for homeowners. Compared to the national median property tax rate of 0.99%, Hulbert's tax rate is relatively modest, making it an attractive location for property owners. The tax bill directly impacts homeowners by contributing to local services such as schools, infrastructure, and emergency services. Understanding how these factors interplay helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Hulbert Tax Bill
$685
Average Mayes County Tax Bill
$998
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Hulbert, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74441 | $685 | $685 | $685 | $685 | $685 |
Source: Ownwell