Grove, Ottawa County, Oklahoma Property Taxes
Median Grove, OK effective property tax rate: 0.73%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Grove, OK home value: $92,000
Median annual Grove, OK tax bill: $587, $1,813 lower than the national median property tax bill of $2,400.
How are property taxes in Ottawa County calculated?
Property taxes in Grove, OK 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 Grove’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Grove, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Grove, Ottawa County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.73%
Estimate Property Tax Bill
$672
$623
Property Tax Rates Across Grove, Ottawa County, Oklahoma
Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Grove’s effective property tax rate to other cities in Oklahoma and the median property tax rates in Oklahoma and the U.S.
In Grove, located in Ottawa County, the property tax rate stands at 0.73%, which is considerably lower than the national median of 1.02%. This means homeowners in Grove benefit from one of the more favorable property tax environments in the country. Despite the lower rate, the services provided by the local government remain efficient and well-funded, ensuring a high quality of life for residents. The uniformity in tax rates across Grove's zip code 74344 simplifies property tax assessments, making it easier for property owners to plan and manage their expenses.
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 Grove Tax Rate
0.73%
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 Ottawa County Tax Rate
0.80%
Median Effective Oklahoma Tax Rate
0.97%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Grove, Ottawa County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74344 | 0.38% | 0.54% | 0.73% | 0.87% | 0.87% |
| 74345 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Grove, Ottawa County, Oklahoma
When examining property taxes in Grove, 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 Ottawa 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.
In Ottawa County, assessment notices 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 Grove. For example, the median home price in Grove is $92,000, with tax bills ranging significantly across the county. Zip code 74344 has the highest median home price at $93,482.
Property Tax Assessment Values Across Grove, Ottawa County, Oklahoma
Source: Ownwell
$38,912
$99,002
$159,092
Median Grove Market Value
$92,000
Median Ottawa County Market Value
$84,000
Median Oklahoma Market Value
$137,280
Median United States Market Value
$235,294
Property Tax Assessment Values Across Grove, Ottawa County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74344 | $41,531 | $63,121 | $93,482 | $148,967 | $168,603 |
| 74345 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Grove, Ottawa County, Oklahoma
Median Grove Tax Bill
$587
Median Ottawa County Tax Bill
$593
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Grove, Ottawa County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74344 | $195 | $398 | $610 | $1,013 | $1,404 |
| 74345 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell