Fort Gibson, Muskogee County, Oklahoma Property Taxes
The median property tax rate in Fort Gibson, OK is 0.80%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Fort Gibson at $147,338, the typical annual property tax bill comes to $1,066, well below the national median of $2,690. Property taxes in Fort Gibson are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Grasping Fort Gibson's property tax system, exploring available exemptions, and pinpointing opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Fort Gibson or another part of the city, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Fort Gibson, Muskogee County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$1,179
$1,094
Ownwell’s Fort Gibson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fort Gibson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fort Gibson 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 Fort Gibson, Muskogee County, Oklahoma
Property taxes in Fort Gibson, Oklahoma, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Gibson is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Fort Gibson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Gibson 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 Fort Gibson's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 74434 has both the highest and lowest median property tax rate of 0.80%. Understanding how these cities compare with Fort Gibson provides valuable insights into the varying tax landscape across Muskogee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fort Gibson Tax Rate
0.80%
Average Muskogee County Tax Rate
0.91%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fort Gibson, Muskogee County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74434 | 0.49% | 0.65% | 0.80% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Fort Gibson, Muskogee County, Oklahoma
In Fort Gibson, 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 Muskogee 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 Fort Gibson, 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 Fort Gibson 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 $1,066, found in the 74434 zip code.
Property Tax Assessment Values Across Fort Gibson, Muskogee County, Oklahoma
Source: Ownwell
$41,021
$94,180
$147,338
Average Fort Gibson Assessed Value
$147,338
Average Muskogee County Assessed Value
$87,404
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fort Gibson, Muskogee County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74434 | $44,702 | $88,064 | $147,338 | $232,068 | $322,374 |
Source: Ownwell
Property Tax Bills Across Fort Gibson, Muskogee County, Oklahoma
In Fort Gibson, located in Muskogee County, OK, property tax bills are primarily calculated based on 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. Homeowners in Fort Gibson experience varying property tax bills depending on several factors, including the value of their property and the specific tax rate set by local taxing authorities. For example, the median home price in Fort Gibson is $147,338. Property tax bills can range significantly, with the 25th percentile at $612, the 75th percentile at $1,812, and the 90th percentile reaching up to $2,647. These figures illustrate how property taxes can impact homeowners differently based on their property's assessed value and the local tax rate. Comparatively, the national median property tax rate is 0.99%, which provides a useful benchmark for understanding local tax burdens. Homeowners in Fort Gibson should be aware of these factors as they directly influence their annual financial obligations related to property ownership.
Average Fort Gibson Tax Bill
$1,066
Average Muskogee County Tax Bill
$663
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Gibson, Muskogee County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74434 | $256 | $612 | $1,066 | $1,812 | $2,647 |
Source: Ownwell