Okmulgee, Okmulgee County, Oklahoma Property Taxes
Median Okmulgee, Oklahoma effective property tax rate: 0.95%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Okmulgee, Oklahoma home value: $49,987
Median annual Okmulgee, Oklahoma tax bill: $411, $1,989 lower than the national median property tax bill of $2,400.
How are property taxes in Okmulgee calculated?
Property taxes in Okmulgee, Oklahoma 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 Okmulgee’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Okmulgee, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Okmulgee, Okmulgee County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.95%
Estimate Property Tax Bill
$475
$441
Property Tax Rates Across Okmulgee, Okmulgee County, Oklahoma
Local government entities set property tax rates, which can vary significantly within a state. This is because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Okmulgee, located in Okmulgee County, Oklahoma, the effective property tax rate is 0.95%. This rate is slightly below the national median property tax rate of 1.02%. When comparing Okmulgee’s rate to other cities in Oklahoma, it is important to consider both the local budgetary needs and the total assessed property values in determining the tax burden. The median property tax bill in Okmulgee also tends to be lower than the national median of $2,400, reflecting the local property values and tax rates. Understanding these dynamics can help property owners make informed decisions about their tax obligations and potential savings through appeals or exemptions.
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 Okmulgee Tax Rate
0.95%
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 Okmulgee County Tax Rate
0.92%
Median Effective Oklahoma Tax Rate
0.97%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Okmulgee, Okmulgee County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74447 | 0.48% | 0.72% | 0.95% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Okmulgee, Okmulgee County, Oklahoma
When examining property taxes in Okmulgee, Oklahoma, 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 Okmulgee County Assessor 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 Okmulgee County are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Okmulgee. For example, the median home price in Okmulgee is $49,987, with tax bills ranging significantly across the county. Zip code 74447 has the highest median home price at $49,987.
Property Tax Assessment Values Across Okmulgee, Okmulgee County, Oklahoma
Source: Ownwell
$33,277
$77,767
$122,256
Median Okmulgee Market Value
$49,987
Median Okmulgee County Market Value
$63,421
Median Oklahoma Market Value
$137,280
Median United States Market Value
$235,294
Property Tax Assessment Values Across Okmulgee, Okmulgee County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74447 | $18,349 | $27,765 | $49,987 | $94,461 | $154,974 |
Source: Ownwell
Property Tax Bills Across Okmulgee, Okmulgee County, Oklahoma
Median Okmulgee Tax Bill
$411
Median Okmulgee County Tax Bill
$510
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Okmulgee, Okmulgee County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74447 | $132 | $227 | $411 | $834 | $1,433 |
Source: Ownwell