Holdenville, Hughes County, Oklahoma Property Taxes
Median Holdenville, OK effective property tax rate: 0.86%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Holdenville, OK home value: $35,803
Median annual Holdenville, OK tax bill: $284, $2,116 lower than the national median property tax bill of $2,400.
How are property taxes in Hughes County calculated?
Property taxes in Holdenville, 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 Holdenville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Holdenville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Holdenville, Hughes County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.86%
Estimate Property Tax Bill
$308
$286
Property Tax Rates Across Holdenville, Hughes County, Oklahoma
Local government entities in Oklahoma set tax rates, which can vary widely within the state. Annually, each county in Oklahoma estimates its required budget to provide essential services, dividing 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, in a nutshell, this is the annual process.
In Holdenville, located in Hughes County, the effective property tax rate aligns with the median rate for Oklahoma, which stands at 0.86%. This is notably lower than the national median property tax rate of 1.02%. Consequently, residents of Holdenville benefit from property tax bills that are generally below the national median of $2,400.
Comparatively, Holdenville's property tax rate is consistent with the lowest and highest rates within its zip code, showcasing a stable tax environment. This consistency can be advantageous for homeowners seeking predictability in their annual property tax obligations. Understanding these local tax dynamics can empower property owners to make informed financial decisions and potentially appeal or seek exemptions to optimize their property tax bills.
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 Holdenville Tax Rate
0.86%
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 Hughes County Tax Rate
0.85%
Median Effective Oklahoma Tax Rate
0.97%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Holdenville, Hughes County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74848 | 0.49% | 0.70% | 0.86% | 0.94% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Holdenville, Hughes County, Oklahoma
When examining property taxes in Holdenville, 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 Hughes 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 Hughes County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Holdenville. For example, the median home price in Holdenville is $35,803, with tax bills ranging significantly across the county. The 74848 zip code has the highest median home price at $35,803.
Property Tax Assessment Values Across Holdenville, Hughes County, Oklahoma
Source: Ownwell
$35,803
$71,448
$107,093
Median Holdenville Market Value
$35,803
Median Hughes County Market Value
$41,920
Median Oklahoma Market Value
$137,280
Median United States Market Value
$235,294
Property Tax Assessment Values Across Holdenville, Hughes County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74848 | $9,493 | $18,796 | $35,803 | $71,533 | $124,320 |
Source: Ownwell
Property Tax Bills Across Holdenville, Hughes County, Oklahoma
Median Holdenville Tax Bill
$284
Median Hughes County Tax Bill
$328
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Holdenville, Hughes County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74848 | $76 | $149 | $284 | $600 | $1,058 |
Source: Ownwell