Mounds, Creek County, Oklahoma Property Taxes

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

Median Mounds, OK effective property tax rate: 0.93%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Mounds, OK home value: $112,143
Median annual Mounds, OK tax bill: $896, $1,504 lower than the national median property tax bill of $2,400.

How are property taxes in Creek County calculated?

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

Last Updated March 1, 2025

Mounds, Creek County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.93%

Estimate Property Tax Bill

$1,043

$968

Ownwell’s Mounds Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mounds with just two data points. By entering your property's estimated assessed value, our calculator applies Mounds’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Creek 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 Creek County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Mounds, Creek County, Oklahoma

Local government entities set tax rates, which can vary widely within a state. 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, this is the annual process. Below, you can compare Mounds’ effective property tax rate to other cities in Oklahoma and the median property tax rates in Oklahoma and the U.S. Mounds, located in Creek County, has an effective property tax rate of 0.93%, which is below the national median of 1.02%. This suggests that property owners in Mounds may benefit from lower property tax bills compared to the national average. However, it’s important to consider that even within Oklahoma, tax rates can vary, as seen in different cities and counties. Understanding these variations can help property owners make informed decisions about property investments and tax appeals.

Property Tax Rates Across Mounds, Creek County, Oklahoma

Source: Ownwell

0.67%

0.84%

1.01%

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 Mounds Tax Rate

0.93%

Median Effective Creek County Tax Rate

0.88%

Median Effective Oklahoma Tax Rate

0.97%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mounds, Creek County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
74047	0.51%	0.74%	0.93%	1.08%	1.21%

Source: Ownwell

Property Tax Assessment Values Across Mounds, Creek County, Oklahoma

When examining property taxes in Mounds, 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 Creek 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.

In Creek County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Mounds. For example, the median home price in Mounds is $112,143, with tax bills ranging significantly across the county. 74047 has the highest median home price at $112,143.

Property Tax Assessment Values Across Mounds, Creek County, Oklahoma

Source: Ownwell

$61,707

$152,877

$244,046

Median Mounds Market Value

$112,143

Median Creek County Market Value

$130,263

Median Oklahoma Market Value

$137,280

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mounds, Creek County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
74047	$19,937	$57,886	$112,143	$203,847	$354,644

Source: Ownwell

Property Tax Bills Across Mounds, Creek County, Oklahoma

In Mounds, Creek County, OK, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is a percentage of the home's market value. The tax rate is applied to the assessed value to determine the amount homeowners owe. Factors such as the home's location, size, and any improvements can influence the assessed value. In Mounds, the median property tax bill is notably lower than the national median of $2400, offering some relief to homeowners. However, tax bills can vary significantly, with amounts ranging from $448 at the 25th percentile to $3388 at the 90th percentile. Ownwell can assist homeowners by providing property tax appeal services, ensuring that their property is not over-assessed. By leveraging local expertise and a deep understanding of tax regulations, Ownwell helps homeowners potentially reduce their tax bills, ensuring they pay only their fair share.

Property Tax Bills Across Mounds, Creek County, Oklahoma

Source: Ownwell

$352

$1,269

$2,186

Median Mounds Tax Bill

$896

Median Creek County Tax Bill

$1,080

Median Oklahoma Tax Bill

$1,269

Median United States Tax Bill

$2,400

Property Tax Bills Across Mounds, Creek County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
74047	$181	$448	$896	$1,879	$3,388

Source: Ownwell

Don't miss the deadline to appeal!

Dates

Links
Creek Tax Assessor
Website	oktaxrolls.com