Holdenville, Oklahoma Property Taxes
The median property tax rate in Holdenville, OK is 0.72%, 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 Holdenville at $83,767, the typical annual property tax bill is $607, significantly below the national median of $2,690. Property taxes in Holdenville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Holdenville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Holdenville or another part of Seminole County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Holdenville, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$603
Ownwell’s Holdenville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Holdenville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Holdenville 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 Holdenville, Oklahoma
Property taxes in Holdenville, Oklahoma, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Holdenville is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Holdenville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holdenville 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 Holdenville's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the 74848 zip code has the highest median property tax rate of 0.72%, while the same zip code also has the lowest median tax rate of 0.72%. Understanding how these areas compare with Holdenville provides valuable insights into the varying tax landscape across Seminole County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Holdenville Tax Rate
0.72%
Average Seminole County Tax Rate
0.75%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Holdenville, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74848 | 0.40% | 0.52% | 0.72% | 0.89% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Holdenville, Oklahoma
In Holdenville, 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 Seminole 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 Holdenville, 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 example, the highest median tax bill in the area is $607 in the 74848 zip code. 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 Holdenville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Holdenville Assessed Value
$83,767
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 Holdenville, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74848 | $30,153 | $51,610 | $83,767 | $156,692 | $213,790 |
Source: Ownwell
Property Tax Bills Across Holdenville, Oklahoma
In Holdenville, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the market value, and this percentage is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Holdenville, the median home price stands at $83,767. Property tax bills in this area can vary significantly, with the 25th percentile at $299 and the 75th percentile reaching $1,294. The 90th percentile tax bill goes up to $1,689, indicating a wide range of possible tax burdens depending on the property's assessed value and applicable exemptions. This variability in tax bills affects homeowners differently, with some paying relatively low amounts while others face higher costs. The highest median tax bill in the area is $607, which is in line with the lowest median tax bill, both occurring in the 74848 zip code. Compared to the national median property tax rate of 0.99%, homeowners in Holdenville experience a diverse range of property tax obligations based on their specific property assessments.
Average Holdenville Tax Bill
$607
Average Seminole County Tax Bill
$442
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Holdenville, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74848 | $166 | $299 | $607 | $1,294 | $1,689 |
Source: Ownwell