Laverne, Ellis County, Oklahoma Property Taxes
Median Laverne, OK effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Laverne, OK home value: $115,754
Median annual Laverne, OK tax bill: $804, $1,596 lower than the national median property tax bill of $2,400.
How are property taxes in Ellis calculated?
Property taxes in Laverne, 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 Laverne’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Laverne, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Laverne, Ellis County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.61%
Estimate Property Tax Bill
$706
$655
Property Tax Rates Across Laverne, Ellis County, Oklahoma
Local government entities are responsible for setting property tax rates, and these can vary significantly within a state. Each year, counties estimate their necessary budget to fund services and then divide this amount 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 these rates and budgets, this is the basic annual process.
In Laverne, located in Ellis County, Oklahoma, the effective property tax rate is a reflection of this process. When comparing Laverne’s rate to other cities in Oklahoma, it becomes evident how local decisions impact property taxes. Oklahoma's median property tax rate is 0.61%, which is considerably lower than the national median of 1.02%. This difference highlights the varying financial demands and property values across regions. Understanding these nuances can help property owners in Laverne and elsewhere make informed decisions about their property tax obligations and potential appeals.
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 Laverne Tax Rate
0.61%
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 Ellis County Tax Rate
0.89%
Median Effective Oklahoma Tax Rate
0.97%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Laverne, Ellis County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73848 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Laverne, Ellis County, Oklahoma
When examining property taxes in Laverne, 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 Ellis County Appraisal District 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 Ellis 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 Laverne.
For example, the median home price in Laverne is $115,754, with tax bills ranging significantly across the county. The 90th percentile tax bill reaches $2,192, which is below the national median property tax bill of $2,400.
Property Tax Assessment Values Across Laverne, Ellis County, Oklahoma
Source: Ownwell
$53,439
$93,547
$133,654
Median Laverne Market Value
$115,754
Median Ellis County Market Value
$64,405
Median Oklahoma Market Value
$137,280
Median United States Market Value
$235,294
Property Tax Assessment Values Across Laverne, Ellis County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73848 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Laverne, Ellis County, Oklahoma
In Laverne, Ellis County, Oklahoma, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Homeowners in Laverne experience a median tax bill that is generally lower than the national median of $2400, with the 25th percentile tax bill at $727 and the 75th percentile at $945. However, some homeowners might face higher bills, as seen with the 90th percentile reaching $2192.
Various factors, including changes in market conditions and local government budgets, can influence these bills. For homeowners, high property taxes can significantly impact monthly expenses. Ownwell offers a solution by providing property tax appeal services to potentially lower these bills. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure homeowners are not overpaying. This service can lead to substantial savings, offering financial relief and peace of mind to property owners in Laverne.
Median Laverne Tax Bill
$804
Median Ellis County Tax Bill
$539
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Laverne, Ellis County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73848 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell