Martha, Jackson County, Oklahoma Property Taxes

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

Median MARTHA, OK effective property tax rate: 0.85%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median MARTHA, OK home value: $46,993
Median annual MARTHA, OK tax bill: $364, $2,036 lower than the national median property tax bill of $2,400.

How are property taxes in Jackson calculated?

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

Last Updated March 1, 2025

Martha, Jackson County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.85%

Estimate Property Tax Bill

$399

$371

Ownwell’s Martha Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Martha with just two data points. By entering your property's estimated assessed value, our calculator applies Martha’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 Jackson County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Martha, Jackson County, Oklahoma

Local government entities determine tax rates, which can differ significantly within a state. This is because each county annually estimates its budgetary needs for public services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although voting and legislative processes are involved in setting these rates and budgets, this is the core of the annual procedure.

In Martha, located in Jackson County, Oklahoma, the effective property tax rate stands at 0.85%. This rate is notably lower than the national median of 1.02%, making it an attractive location for property owners seeking lower tax liabilities. When comparing Martha's rate to the state and national averages, property owners can appreciate the financial benefits of residing in this area. The consistent tax rate across Jackson County ensures predictability for homeowners, enhancing the appeal of owning property in Martha. This stability, coupled with the lower tax rate, positions Martha as a desirable locale for those prioritizing affordability in their property investments.

Property Tax Rates Across Martha, Jackson County, Oklahoma

Source: Ownwell

0.81%

0.88%

0.94%

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 Martha Tax Rate

0.85%

Median Effective Jackson County Tax Rate

0.91%

Median Effective Oklahoma Tax Rate

0.97%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Martha, Jackson County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
73556	0.47%	0.72%	0.85%	0.96%	1.09%

Source: Ownwell

Property Tax Assessment Values Across Martha, Jackson County, Oklahoma

When examining property taxes in Martha, 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 Jackson 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 Jackson 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 Martha. For example, the median home price in Martha is $46,993, with tax bills ranging significantly across the county. 73556 has the highest median home price at $46,993.

Property Tax Assessment Values Across Martha, Jackson County, Oklahoma

Source: Ownwell

$27,210

$53,821

$80,431

Median Martha Market Value

$46,993

Median Jackson County Market Value

$62,313

Median Oklahoma Market Value

$137,280

Median United States Market Value

$235,294

Property Tax Assessment Values Across Martha, Jackson County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
73556	$25,472	$30,875	$46,993	$80,840	$151,226

Source: Ownwell

Property Tax Bills Across Martha, Jackson County, Oklahoma

In Martha, Oklahoma, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors such as the home's location, improvements, and local government budgets influence the assessed value. In Martha, the median property tax bill is $364, significantly lower than the national median of $2,400. Homeowners in Martha can expect tax bills ranging from $240 at the 25th percentile to $1,411 at the 90th percentile. Lower property tax bills in Martha can be attributed to the relatively low median home price of $46,993.

Ownwell assists homeowners in Martha by offering property tax appeal services, ensuring their properties are accurately assessed. By identifying discrepancies in assessments, Ownwell can help reduce tax bills, providing significant savings. These services are crucial for homeowners looking to minimize their expenses and ensure fair taxation based on accurate property values.

Property Tax Bills Across Martha, Jackson County, Oklahoma

Source: Ownwell

$211

$411

$610

Median Martha Tax Bill

$364

Median Jackson County Tax Bill

$496

Median Oklahoma Tax Bill

$1,269

Median United States Tax Bill

$2,400

Property Tax Bills Across Martha, Jackson County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
73556	$148	$240	$364	$605	$1,411

Source: Ownwell