Sulphur, Murray County, Oklahoma Property Taxes
Median Sulphur, 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 Sulphur, OK home value: $82,967
Median annual Sulphur, OK tax bill: $503, $1,897 lower than the national median property tax bill of $2,400.
How are property taxes in Murray County calculated?
Property taxes in Sulphur, 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 Sulphur’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sulphur, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Sulphur, Murray County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.7%
Estimate Property Tax Bill
$581
$539
Property Tax Rates Across Sulphur, Murray County, Oklahoma
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 Sulphur 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 Murray County Tax Rate
0.70%
Median Effective Oklahoma Tax Rate
0.97%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Sulphur, Murray County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73086 | 0.28% | 0.44% | 0.70% | 0.96% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Sulphur, Murray County, Oklahoma
When examining property taxes in Sulphur, 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 Murray 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 Murray 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 Sulphur. For example, the median home price in Sulphur is $82,967, with tax bills ranging significantly across the county. Zip code 73086 has the highest median home price at $82,967.
Property Tax Assessment Values Across Sulphur, Murray County, Oklahoma
Source: Ownwell
$69,653
$92,883
$116,113
Median Sulphur Market Value
$82,967
Median Murray County Market Value
$87,065
Median Oklahoma Market Value
$137,280
Median United States Market Value
$235,294
Property Tax Assessment Values Across Sulphur, Murray County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73086 | $28,279 | $45,728 | $82,967 | $153,637 | $241,735 |
Source: Ownwell
Property Tax Bills Across Sulphur, Murray County, Oklahoma
In Sulphur, located in Murray County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Sulphur face a median property tax bill of $503, which is significantly lower than the national median of $2400. The tax bill can vary widely, with the 25th percentile at $239 and the 75th percentile reaching $1090, demonstrating the impact of property size, location, and other factors on the assessment. For homeowners, these taxes represent a significant expense, affecting their overall financial planning and homeownership costs.
Ownwell assists homeowners in Sulphur by providing property tax appeal services, potentially lowering their tax bills. By analyzing local property assessments and market trends, Ownwell identifies opportunities for tax reductions, ensuring homeowners are not overpaying. This service can lead to substantial savings, alleviating the financial burden of property taxes and allowing homeowners to allocate resources elsewhere. With Ownwell's expertise, homeowners can navigate the complexities of property tax assessments with confidence.
Median Sulphur Tax Bill
$503
Median Murray County Tax Bill
$515
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Sulphur, Murray County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73086 | $136 | $239 | $503 | $1,090 | $1,966 |
Source: Ownwell