Seminole County, Oklahoma Property Taxes
The median property tax rate in Seminole County is 0.75%, which is lower than both the national median of 0.99% and the Oklahoma state median of 0.97%. With a median home value of $62,317 in Seminole County, the typical annual property tax bill is $442, well below the national median of $2,690. Property taxes in Seminole County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Seminole County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Seminole or another part of Seminole County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Seminole County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$467
$434
Ownwell’s Seminole County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Seminole County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Seminole County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Seminole County, Oklahoma
Property taxes in Seminole County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Seminole County is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Seminole County set these rates annually, and they can vary significantly between different areas within the county. Each year, Seminole County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Seminole County's effective property tax rate with other counties in Oklahoma and the national median. For comparison, the city of Seminole has one of the higher property tax rates in Oklahoma at 0.90%, while the city of Cromwell boasts one of the lowest at 0.42%. Analyzing how Seminole County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Seminole County Tax Rate
0.75%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Seminole County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bowlegs | N/A | N/A | N/A | N/A | N/A |
| Cromwell | N/A | N/A | N/A | N/A | N/A |
| Earlsboro | 0.41% | 0.59% | 0.83% | 1.08% | 1.16% |
| Holdenville | 0.40% | 0.52% | 0.72% | 0.89% | 1.04% |
| Konawa | 0.28% | 0.39% | 0.49% | 0.67% | 0.79% |
| Maud | 0.32% | 0.47% | 0.59% | 0.75% | 0.98% |
| Okemah | 0.27% | 0.40% | 0.58% | 0.79% | 0.96% |
| Sasakwa | 0.36% | 0.50% | 0.66% | 0.88% | 1.07% |
| Seminole | 0.43% | 0.64% | 0.90% | 1.17% | 1.22% |
| Shawnee | N/A | N/A | N/A | N/A | N/A |
| Wewoka | 0.32% | 0.52% | 0.67% | 0.92% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Seminole County, Oklahoma
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Seminole County, OK. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Seminole County Appraisal District. The assessed value, however, 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. Assessment notices in Seminole County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, the highest median tax bill in the county is in Shawnee at $1,152, while the lowest is in Konawa at $296. Being aware of these valuation processes in Seminole County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Seminole County, Oklahoma
Source: Ownwell
$48,388
$82,567
$116,746
Average Seminole County Assessed Value
$62,317
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Seminole County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bowlegs | N/A | N/A | N/A | N/A | N/A |
| Cromwell | N/A | N/A | N/A | N/A | N/A |
| Earlsboro | $35,471 | $63,746 | $116,746 | $178,827 | $286,389 |
| Holdenville | $30,153 | $51,610 | $83,767 | $156,692 | $213,790 |
| Konawa | $20,583 | $33,293 | $64,143 | $115,319 | $175,795 |
| Maud | $21,020 | $37,525 | $68,663 | $107,544 | $177,813 |
| Okemah | $17,585 | $38,461 | $65,352 | $128,464 | $198,451 |
| Sasakwa | $22,169 | $41,013 | $76,496 | $118,624 | $164,761 |
| Seminole | $19,760 | $34,861 | $65,694 | $120,590 | $193,152 |
| Shawnee | N/A | N/A | N/A | N/A | N/A |
| Wewoka | $19,346 | $27,716 | $48,388 | $89,530 | $153,573 |
Source: Ownwell
Property Tax Bills Across Seminole County, Oklahoma
In Seminole County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Local tax rates are then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax amount, including the property's location, size, and any applicable exemptions. For homeowners in Seminole County, the median home price is $62,317. The property tax bills can vary significantly, with the 25th percentile tax bill at $225 and the 75th percentile reaching $876. Homeowners in the 90th percentile can expect to pay around $1,573 annually. The city of Shawnee has the highest median tax bill in the county at $1,152, while Konawa has the lowest at $296. These variations impact homeowners differently, influencing their overall cost of living and financial planning. Comparing these figures to the national median property tax rate of 0.99%, Seminole County's rates are relatively modest, providing some relief to property owners in the region.
Average Seminole County Tax Bill
$442
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Seminole County, Oklahoma
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bowlegs | N/A | N/A | N/A | N/A | N/A |
| Cromwell | N/A | N/A | N/A | N/A | N/A |
| Earlsboro | $233 | $446 | $826 | $1,520 | $2,503 |
| Holdenville | $166 | $299 | $607 | $1,294 | $1,689 |
| Konawa | $87 | $150 | $296 | $597 | $974 |
| Maud | $94 | $232 | $406 | $709 | $1,198 |
| Okemah | $108 | $199 | $375 | $700 | $1,389 |
| Sasakwa | $120 | $240 | $500 | $856 | $1,313 |
| Seminole | $147 | $271 | $524 | $1,022 | $1,744 |
| Shawnee | N/A | N/A | N/A | N/A | N/A |
| Wewoka | $93 | $170 | $336 | $659 | $1,206 |
Source: Ownwell