North Miami, Ottawa County, Oklahoma Property Taxes
Median North Miami, OK effective property tax rate: 0.89%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median North Miami, OK home value: $41,379
Median annual North Miami, OK tax bill: $229, $2,171 lower than the national median property tax bill of $2,400.
How are property taxes in Ottawa County calculated?
Property taxes in North Miami, 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 North Miami’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in North Miami, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
North Miami, Ottawa County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.89%
Estimate Property Tax Bill
$368
$342
Property Tax Rates Across North Miami, Ottawa 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 North Miami Tax Rate
0.89%
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 Ottawa County Tax Rate
0.80%
Median Effective Oklahoma Tax Rate
0.97%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across North Miami, Ottawa County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74358 | 0.28% | 0.48% | 0.89% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across North Miami, Ottawa County, Oklahoma
When examining property taxes in North Miami, 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 Ottawa 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 Ottawa 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 North Miami. For example, the median home price in North Miami is $41,379, with tax bills ranging significantly across the county. Zip code 74358 has the highest median home price at $41,379.
Property Tax Assessment Values Across North Miami, Ottawa County, Oklahoma
Source: Ownwell
$38,912
$99,002
$159,092
Median North Miami Market Value
$41,379
Median Ottawa County Market Value
$84,000
Median Oklahoma Market Value
$137,280
Median United States Market Value
$235,294
Property Tax Assessment Values Across North Miami, Ottawa County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74358 | $13,642 | $23,294 | $41,379 | $69,825 | $92,113 |
Source: Ownwell
Property Tax Bills Across North Miami, Ottawa County, Oklahoma
In North Miami, Ottawa County, OK, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. Factors such as property size, location, and improvements can influence the assessed value, impacting the homeowner's tax liability. With property tax bills ranging from $135 at the 25th percentile to $806 at the 90th percentile, homeowners in North Miami can experience significant variations in their tax obligations. The median home price in the area is $41,379, resulting in relatively lower tax bills compared to the national median tax bill of $2,400.
Ownwell offers expertise in property tax appeal and exemption services, helping homeowners potentially reduce their tax bills. By thoroughly reviewing property assessments and identifying discrepancies, Ownwell can assist in filing appeals to lower the assessed value, ensuring homeowners pay only their fair share. This service can lead to considerable savings, especially for those facing higher tax bills.
Median North Miami Tax Bill
$229
Median Ottawa County Tax Bill
$593
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across North Miami, Ottawa County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74358 | $89 | $135 | $229 | $464 | $806 |
Source: Ownwell
