Earlsboro, Seminole County, Oklahoma Property Taxes
Median Earlsboro, OK effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%.
Median Earlsboro, OK home value: $116,746
Median annual Earlsboro, OK tax bill: $826, $1,574 lower than the national median property tax bill of $2,400.
How are property taxes in Seminole County calculated?
Property taxes in Earlsboro, 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 Earlsboro’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Earlsboro, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Earlsboro, Seminole County, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.83%
Estimate Property Tax Bill
$969
$899
Property Tax Rates Across Earlsboro, Seminole County, Oklahoma
Local government entities determine tax rates, which can vary considerably within a state. This variation arises because each county annually estimates its budgetary needs for services and divides this by the total assessed value of all taxable properties in its jurisdiction. This calculation determines the property tax rate. While the process involves votes and laws to set tax rates and budgets, this is the core of the annual procedure.
In Earlsboro, located in Seminole County, Oklahoma, the effective property tax rate is 0.83%. This rate aligns with both the highest and lowest rates within the area, reflecting a consistent approach across the region. When compared to the national median property tax rate of 1.02%, Earlsboro's rate is notably lower, offering potential savings to property owners. Additionally, the national median property tax bill stands at $2,400, which further highlights the affordability of property taxes in this region. By understanding these rates, property owners can better navigate their financial responsibilities and explore potential savings through property tax appeals and exemptions.
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 Earlsboro Tax Rate
0.83%
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 Seminole County Tax Rate
0.75%
Median Effective Oklahoma Tax Rate
0.97%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Earlsboro, Seminole County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74840 | 0.41% | 0.59% | 0.83% | 1.08% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Earlsboro, Seminole County, Oklahoma
When examining property taxes in Earlsboro, 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 Seminole 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 Seminole 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 Earlsboro. For example, the median home price in Earlsboro is $116,746, with tax bills ranging significantly across the county. Zip code 74840 has the highest median home price at $116,746.
Property Tax Assessment Values Across Earlsboro, Seminole County, Oklahoma
Source: Ownwell
$48,388
$82,567
$116,746
Median Earlsboro Market Value
$116,746
Median Seminole County Market Value
$62,317
Median Oklahoma Market Value
$137,280
Median United States Market Value
$235,294
Property Tax Assessment Values Across Earlsboro, Seminole County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74840 | $35,471 | $63,746 | $116,746 | $178,827 | $286,389 |
Source: Ownwell
Property Tax Bills Across Earlsboro, Seminole County, Oklahoma
Median Earlsboro Tax Bill
$826
Median Seminole County Tax Bill
$442
Median Oklahoma Tax Bill
$1,269
Median United States Tax Bill
$2,400
Property Tax Bills Across Earlsboro, Seminole County, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 74840 | $233 | $446 | $826 | $1,520 | $2,503 |
Source: Ownwell