Hominy, Osage County, Oklahoma Property Taxes

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

Median Hominy, OK effective property tax rate: 1.03%, slightly higher than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Hominy, OK home value: $44,300
Median annual Hominy, OK tax bill: $416, $1,984 lower than the national median property tax bill of $2,400.

How are property taxes in Osage County calculated?

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

Last Updated March 1, 2025

Hominy, Osage County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.03%

Estimate Property Tax Bill

$456

$423

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

Property Tax Rates Across Hominy, Osage County, Oklahoma

Local government entities are responsible for setting tax rates, which can vary widely within a state. Each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In Hominy, located in Osage County, Oklahoma, the effective property tax rate is a reflection of this process. When compared to other cities in Oklahoma, Hominy's tax rate aligns with the state median, which closely matches the national median property tax rate of 1.02%. The property tax bill in Hominy is also comparable to the national median of $2400. By understanding these figures, property owners in Hominy can gain insights into how their property taxes are determined and how they compare to both state and national averages. This information is crucial for making informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Hominy, Osage County, Oklahoma

Source: Ownwell

0.76%

1.06%

1.35%

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 Hominy Tax Rate

1.03%

Median Effective Osage County Tax Rate

1.07%

Median Effective Oklahoma Tax Rate

0.97%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hominy, Osage County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
74035	0.52%	0.78%	1.03%	1.15%	1.17%

Source: Ownwell

Property Tax Assessment Values Across Hominy, Osage County, Oklahoma

When examining property taxes in Hominy, 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 Osage 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 Osage 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 Hominy. For example, the median home price in Hominy is $44,300, with tax bills ranging significantly across the county. 74035 has the highest median home price at $44,300.

Property Tax Assessment Values Across Hominy, Osage County, Oklahoma

Source: Ownwell

$28,048

$120,397

$212,746

Median Hominy Market Value

$44,300

Median Osage County Market Value

$85,955

Median Oklahoma Market Value

$137,280

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hominy, Osage County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
74035	$8,695	$22,426	$44,300	$82,218	$144,631

Source: Ownwell

Property Tax Bills Across Hominy, Osage County, Oklahoma

In Hominy, Osage County, OK, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. With a median home price of $44,300, Hominy homeowners often face tax bills that vary significantly. The tax bill at the 25th percentile is $189, while at the 75th percentile, it reaches $819, and at the 90th percentile, it climbs to $1,383. This variance highlights the importance of understanding property assessments and tax rates. Compared to the national median property tax rate of 1.02%, Hominy's rates can be more favorable, but understanding and managing these taxes is crucial. Ownwell offers expertise in property tax appeals and exemptions, helping homeowners potentially reduce their tax burden and ensuring they only pay what is fair and accurate.

Property Tax Bills Across Hominy, Osage County, Oklahoma

Source: Ownwell

$202

$1,239

$2,276

Median Hominy Tax Bill

$416

Median Osage County Tax Bill

$840

Median Oklahoma Tax Bill

$1,269

Median United States Tax Bill

$2,400

Property Tax Bills Across Hominy, Osage County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
74035	$62	$189	$416	$819	$1,383

Source: Ownwell