Coalgate, Coal County, Oklahoma Property Taxes

Name: Property Tax Bills Across Coalgate, Coal County, Oklahoma
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Coalgate, OK effective property tax rate: 0.59%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Coalgate, OK home value: $72,140
Median annual Coalgate, OK tax bill: $418, $1,982 lower than the national median property tax bill of $2,400.

How are property taxes in Coal County calculated?

Property taxes in Coalgate, 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 Coalgate’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Coalgate, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Coalgate, Coal County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.58%

Estimate Property Tax Bill

$468

$435

Ownwell’s Coalgate Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Coalgate with just two data points. By entering your property's estimated assessed value, our calculator applies Coalgate’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Coal County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Coalgate, Coal County, Oklahoma

Local government entities are responsible for setting property tax rates, which can differ significantly within a state. Each year, counties estimate their required budget to fund services and divide this by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process. In Coalgate, located in Coal County, Oklahoma, the effective property tax rate is 0.59%. This is notably lower than the national median property tax rate of 1.02%. Oklahoma's rate reflects a more affordable property tax environment compared to the national average, which can be appealing to property owners. Comparing Coalgate’s rate to other cities in Oklahoma and the broader U.S. landscape highlights the variability and potential savings in property taxes within the state. Understanding these differences can help property owners make informed decisions about property investments and financial planning.

Property Tax Rates Across Coalgate, Coal County, Oklahoma

Source: Ownwell

0.49%

0.62%

0.74%

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 Coalgate Tax Rate

0.58%

Median Effective Coal County Tax Rate

0.58%

Median Effective Oklahoma Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Coalgate, Coal County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
74538	0.29%	0.41%	0.58%	0.80%	0.95%

Source: Ownwell

Property Tax Assessment Values Across Coalgate, Coal County, Oklahoma

When examining property taxes in Coalgate, 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 Coal 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 Coal 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 Coalgate.

For example, the median home price in Coalgate is $72,140, with tax bills ranging significantly across the county. Zip code 74538 has the highest median home price at $72,140.

Property Tax Assessment Values Across Coalgate, Coal County, Oklahoma

Source: Ownwell

$47,034

$98,861

$150,688

Median Coalgate Market Value

$80,752

Median Coal County Market Value

$79,294

Median Oklahoma Market Value

$160,842

Median United States Market Value

$235,294

Property Tax Assessment Values Across Coalgate, Coal County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
74538	$27,427	$48,140	$80,752	$136,726	$221,959

Source: Ownwell

Property Tax Bills Across Coalgate, Coal County, Oklahoma

In Coalgate, located in Coal County, Oklahoma, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Coalgate is $72,140, and property taxes are calculated based on this assessed value. Homeowners in Coalgate typically see property tax bills ranging from $210 at the 25th percentile to $1,414 at the 90th percentile. The median property tax bill in the area is $418, notably lower than the national median of $2,400. This discrepancy highlights the affordability of property taxes in the region compared to the national average. However, even with lower tax rates, homeowners can still benefit from ensuring their assessments are accurate. This is where Ownwell steps in, providing expert assistance in filing property tax appeals and securing exemptions. By leveraging Ownwell's services, homeowners in Coalgate can potentially reduce their property tax bills, ensuring they only pay what is fair and accurate based on their property's true market value.

Property Tax Bills Across Coalgate, Coal County, Oklahoma

Source: Ownwell

$279

$500

$720

Median Coalgate Tax Bill

$468

Median Coal County Tax Bill

$451

Median Oklahoma Tax Bill

$1,339

Median United States Tax Bill

$2,400

Property Tax Bills Across Coalgate, Coal County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
74538	$124	$236	$468	$869	$1,576

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	April 6

Links
Coal Tax Assessor
Website	oktaxrolls.com