Krebs, Pittsburg County, Oklahoma Property Taxes
Median Krebs, OK effective property tax rate: 0.73%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Krebs, OK home value: $65,727
Median annual Krebs, OK tax bill: $439, $1,961 lower than the national median property tax bill of $2,400.
How are property taxes in Pittsburg County calculated?
Property taxes in Krebs, 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 Krebs’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Krebs, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Krebs, Pittsburg County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.73%
Estimate Property Tax Bill
$480
$445
Property Tax Rates Across Krebs, Pittsburg County, Oklahoma
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its required budget to provide services and then divides that by the total value of all taxable property within its jurisdiction. The result of this calculation is the property tax rate. Though setting tax rates and budgets involves votes and laws, this is essentially the annual process.
In Krebs, located in Pittsburg County, Oklahoma, the effective property tax rate is 0.73%, aligning with the highest and lowest rates within the same zip code. This rate is significantly below the national median property tax rate of 1.02%. Consequently, homeowners in Krebs benefit from a lower property tax burden compared to many other areas in the U.S.
When comparing Krebs to other cities in Oklahoma, it's important to note that the state median property tax rate is also lower than the national median. This makes Oklahoma an attractive option for property owners looking to minimize their tax expenses.
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 Krebs Tax Rate
0.73%
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 Pittsburg County Tax Rate
0.73%
Median Effective Oklahoma Tax Rate
0.97%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Krebs, Pittsburg County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74554 | 0.41% | 0.53% | 0.73% | 0.88% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Krebs, Pittsburg County, Oklahoma
When examining property taxes in Krebs, OK, 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 Pittsburg County Assessor 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 Pittsburg 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 Krebs. For example, the median home price in Krebs is $65,727, with tax bills ranging significantly across the county. Zip code 74554 has the highest median home price at $65,727.
Property Tax Assessment Values Across Krebs, Pittsburg County, Oklahoma
Source: Ownwell
$37,635
$323,818
$610,000
Median Krebs Market Value
$65,727
Median Pittsburg County Market Value
$87,046
Median Oklahoma Market Value
$137,280
Median United States Market Value
$235,294
Property Tax Assessment Values Across Krebs, Pittsburg County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74554 | $23,522 | $32,158 | $65,727 | $105,021 | $144,597 |
Source: Ownwell
Property Tax Bills Across Krebs, Pittsburg County, Oklahoma
Median Krebs Tax Bill
$439
Median Pittsburg County Tax Bill
$571
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Krebs, Pittsburg County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74554 | $141 | $198 | $439 | $755 | $1,080 |
Source: Ownwell
