Muskogee, Oklahoma Property Taxes
The median property tax rate in Muskogee, OK is 1.02%, slightly higher than both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Muskogee at $80,000, the typical annual property tax bill reaches $681, which is significantly lower than the national median of $2,690. Property taxes in Muskogee are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Muskogee'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 Muskogee or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Muskogee, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$816
-$8,552
Ownwell’s Muskogee Property Tax Bill Calculator is designed to assist homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Muskogee with just two simple inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Muskogee to provide an estimated property tax bill. This valuable tool offers a clear understanding of potential tax liabilities, making financial planning easier. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county and is used for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Muskogee, Oklahoma
Property taxes in Muskogee, Oklahoma, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Muskogee is 1.02%, higher than both the Oklahoma state median and the U.S. national median of 0.99%. Local government entities within Muskogee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Muskogee 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 Muskogee's effective property tax rate to other areas in Oklahoma and the national median. For comparison, the 74401 zip code has the highest median property tax rate of 1.10%, while the 74403 zip code has the lowest median tax rate of 0.98%. Understanding how these areas compare with Muskogee 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 Muskogee Tax Rate
1.02%
Average Muskogee County Tax Rate
0.91%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Muskogee, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74401 | 0.58% | 0.85% | 1.10% | 1.13% | 1.13% |
| 74403 | 0.56% | 0.77% | 0.98% | 1.13% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Muskogee, Oklahoma
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Muskogee, Oklahoma. 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 Muskogee, 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 Muskogee is $80,000, with tax bills ranging from $303 at the 25th percentile to $2,112 at the 90th percentile. The highest median tax bill of $837 is found in the 74403 zip code, while the lowest median tax bill of $470 is in the 74401 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Muskogee Assessed Value
$80,000
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 Muskogee, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74401 | $14,403 | $25,548 | $50,100 | $115,259 | $194,629 |
| 74403 | $23,002 | $42,976 | $97,330 | $158,501 | $240,113 |
Source: Ownwell
Property Tax Bills Across Muskogee, Oklahoma
In Muskogee, property tax bills are calculated based on the assessed value of your home, which is typically a percentage of the property's market value. The median home price in Muskogee is $80,000. Tax rates can vary depending on the location within the county, with the highest median tax bill recorded at $837 in the 74403 zip code and the lowest at $470 in the 74401 zip code. To determine your tax bill, local authorities multiply the assessed value by the applicable tax rate. For example, homeowners in the 25th percentile pay around $303 annually, while those in the 75th percentile see tax bills of approximately $1,335. At the 90th percentile, the tax bill can rise to $2,112. These taxes fund essential public services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Muskogee offers relatively affordable property taxes, making it an attractive option for homeowners looking to manage their annual expenses.
Average Muskogee Tax Bill
$681
Average Muskogee County Tax Bill
$663
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Muskogee, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74401 | $118 | $236 | $470 | $1,053 | $1,853 |
| 74403 | $187 | $358 | $837 | $1,443 | $2,199 |
Source: Ownwell