Pauls Valley, Garvin County, Oklahoma Property Taxes
Median Pauls Valley, OK effective property tax rate: 0.70%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%. Median Pauls Valley, OK home value: $89,332. Median annual Pauls Valley, OK tax bill: $616, $1,784 lower than the national median property tax bill of $2,400.
How are property taxes in Garvin County calculated?
Property taxes in Pauls Valley, 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 Pauls Valley’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Pauls Valley, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Pauls Valley, Garvin County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.7%
Estimate Property Tax Bill
$625
$580
Property Tax Rates Across Pauls Valley, Garvin County, Oklahoma
Local government entities set tax rates, and these can vary significantly within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
Pauls Valley in Garvin County, Oklahoma, presents an interesting case with its property tax rate. The effective property tax rate in Pauls Valley is 0.70%, which aligns with the highest and lowest median tax rates within the area, as both are also 0.70%. This rate is notably below both the national median property tax rate of 1.02% and the national median property tax bill of $2400. Such a comparison highlights the relatively low property tax burden for residents in this region. This lower tax rate can significantly impact homeowners, potentially making Pauls Valley an attractive location for property investment or homeownership compared to other cities in Oklahoma and across the U.S.
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 Pauls Valley Tax Rate
0.70%
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 Garvin County Tax Rate
0.69%
Median Effective Oklahoma Tax Rate
0.97%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Pauls Valley, Garvin County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73075 | 0.35% | 0.51% | 0.70% | 0.89% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Pauls Valley, Garvin County, Oklahoma
When examining property taxes in Pauls Valley, 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 Garvin 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.
Assessment notices: In Garvin 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 Pauls Valley.
For example, the median home price in Pauls Valley is $89,332, with tax bills ranging significantly across the county. Zip code 73075 has the highest median home price at $89,332.
Property Tax Assessment Values Across Pauls Valley, Garvin County, Oklahoma
Source: Ownwell
$60,180
$130,090
$200,000
Median Pauls Valley Market Value
$89,332
Median Garvin County Market Value
$84,504
Median Oklahoma Market Value
$137,280
Median United States Market Value
$235,294
Property Tax Assessment Values Across Pauls Valley, Garvin County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73075 | $39,328 | $57,204 | $89,332 | $161,717 | $252,185 |
Source: Ownwell
Property Tax Bills Across Pauls Valley, Garvin County, Oklahoma
Median Pauls Valley Tax Bill
$616
Median Garvin County Tax Bill
$559
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Pauls Valley, Garvin County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73075 | $226 | $364 | $616 | $1,097 | $1,828 |
Source: Ownwell