Thackerville, Love County, Oklahoma Property Taxes
Median Thackerville, OK effective property tax rate: 0.94%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Thackerville, OK home value: $92,004
Median annual Thackerville, OK tax bill: $758, $1,642 lower than the national median property tax bill of $2,400.
How are property taxes in Love County calculated?
Property taxes in Thackerville, 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 Thackerville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Thackerville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Thackerville, Love County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.94%
Estimate Property Tax Bill
$865
$803
Property Tax Rates Across Thackerville, Love County, Oklahoma
Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget to provide services and dividing 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.
In Thackerville, located in Love County, Oklahoma, the effective property tax rate stands at 0.94%. This rate is consistent across the region, reflecting the county's uniform approach to property taxation. When compared to the national median property tax rate of 1.02%, Thackerville's rate is notably lower, offering residents a more favorable tax environment. The national median property tax bill is $2400, which suggests that homeowners in Thackerville could potentially benefit from lower tax bills compared to the national average. While Oklahoma's property tax rates can vary, Thackerville's rate provides a glimpse into the state's more affordable property tax landscape, making it an attractive option for property owners seeking lower tax obligations.
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 Thackerville Tax Rate
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 Love County Tax Rate
0.93%
Median Effective Oklahoma Tax Rate
0.97%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Thackerville, Love County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73459 | 0.51% | 0.78% | 0.94% | 1.05% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Thackerville, Love County, Oklahoma
When examining property taxes in Thackerville, 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 Love 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 Love 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 Thackerville. For example, the median home price in Thackerville is $92,004, with tax bills ranging significantly across the county. 73459 has the highest median home price at $92,004.
Property Tax Assessment Values Across Thackerville, Love County, Oklahoma
Source: Ownwell
$43,516
$88,411
$133,306
Median Thackerville Market Value
$92,004
Median Love County Market Value
$84,103
Median Oklahoma Market Value
$137,280
Median United States Market Value
$235,294
Property Tax Assessment Values Across Thackerville, Love County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73459 | $27,074 | $48,314 | $92,004 | $169,067 | $253,744 |
Source: Ownwell
Property Tax Bills Across Thackerville, Love County, Oklahoma
Median Thackerville Tax Bill
$758
Median Love County Tax Bill
$778
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Thackerville, Love County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73459 | $206 | $405 | $758 | $1,627 | $2,586 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Love Tax Assessor | |
| Website | www.actdatascout.com |